Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$84,315,000
Apartment buildings
5601 Natomas Blvd Sacramento, CA 95835-2245
Individually Owned
Absentee Owner
Property ID
US09-2970288
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2006
Construction
WOOD
Total area
388,609 SF
Lot
14.67 ac (639,025 SF)
Zoning code
R-3-PUD
APN
201-0310-053-0000
UPID
US09-2970288
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
ATM Atm
-
Phyllis Resident Registration Office
-
U.S. Bank ATM Atm
-
Azara Images - Sacramento Wedding Photographer Wedding Service Photography Service
-
Carefree Senior Living Sacramento Apartment Complex Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$89.59M
Comparable Approach
Comparable
$114.94M
Blend (final)
Blend
$84.32M
Owner & transaction history
Carefreee Natomas Limited Partnersh
Carefreee Natomas Limited Partnersh
since 2025
5 recorded transactions
Zoning & alternative use
R-3-PUD · Sacramento, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$121.9M
+5.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sacramento submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sacramento submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$97,055,000
6.5%
$89,585,000
7%
$83,190,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$115,130,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$121,900,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$99,435,000
Change: -14% · Conversion: Difficult
MEDICAL BUILDING
$98,950,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$84.32M
Range $75.88M – $92.75M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$217 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$827,044
Tax year 2024
Assessed value
$57,340,146
Assessed 2024
Previous assessed
$57,340,146
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$3,080,617
Assessed improvement
$54,259,529
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
NONE
Buildings
2
Stories
3
Units
500
Total area
388,609 SF
Lot
14.67 ac (639,025 SF)
Zoning code
R-3-PUD
APN
201-0310-053-0000
UPID
US09-2970288
Jurisdiction
SACRAMENTO
Zoning & alternative use
R-3-PUD · Sacramento, CA
Zoning R-3-PUD · permitted uses
R-3-PUD · Sacramento, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sacramento. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$115.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$121.9M
AUTO REPAIR, GARAGE
Est. value
$99.4M
MEDICAL BUILDING
Est. value
$99.0M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
WOOD
Heating
NONE
Stories
3
Buildings
2
Units
500
Lot
14.67 ac
Current owner
From public records · entity-resolved
Carefreee Natomas Limited Partnersh
Individual
Mailing address
3311 S RAINBOW BLVD STE #225, LAS VEGAS, NV 89146-6210
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2025
—
Carefreee Natomas Limited Partnersh
—
Deed
related
$36,000,000 · City National Bank
Jul 23, 2003
—
Carefree Natomas LP
—
Trustees Deed
related
$39,233,000 · Bank Of America
—
—
Carefree Natomas LP
—
Deed Of Trust
related
$37,800,000 · Cantor Com'l R/e Lndg
—
—
Carefree Natomas
—
Deed Of Trust
related
$50,125,000 · Allstate Life Insurance Co
—
—
Carefree Natomas
—
Deed Of Trust
related
$40,650,000 · Allstate Life Insurance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5601 Natomas Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
