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Property profile & analytics
FOR LEASE
Commercial land
5900 Winding Way Carmichael, CA 95608
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2744807
For Lease
1 / 2
$3,475,000
5900 Winding Way, Carmichael, CA 95608
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
13.94 ac (607,226 SF)
Zoning code
SC
APN
245-0011-021-0000
UPID
US09-2744807
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.48M
Owner & transaction history
Pappas Gateway LP · 1 yrs held
Pappas Gateway LP
since 2025
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
SC · Carmichael, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Carmichael submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carmichael 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
$3,470,000
ML approach
$3,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.48M
Range $3.13M – $3.82M · ±10% · vs last sale $3.48M (May 2 2025)
Last sale anchor
$3.48M
May 2 2025
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
—
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
$42,710
Tax year 2024
Assessed value
$2,187,291
Assessed 2024
Previous assessed
$2,187,291
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$2,187,291
Applied tax rate
54.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Heating
NONE
Lot
13.94 ac (607,226 SF)
Zoning code
SC
APN
245-0011-021-0000
UPID
US09-2744807
Jurisdiction
SACRAMENTO
Zoning & alternative use
SC · Carmichael, CA
Zoning SC · permitted uses
SC · Carmichael, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carmichael. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
13.94 ac
Current owner
From public records · entity-resolved
Pappas Gateway LP
Entity
Free & Clear · 1 yrs held
Mailing address
2020 L ST, SACRAMENTO, CA 95811-4259
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2025
—
Pappas Gateway LP
Pappas Gateway LP
Deed
related
—
Oct 22, 2019
$3,479,500
Pappas Arizona LP
Richard Holesapple Rev Trust
Grant Deed
—
Oct 17, 2019
—
Holesapple,richard Trust
Holesapple Richard Trust
Correction Deed
related
—
Sep 26, 2014
—
Holesapple,heather Tr
Holesapple,richard W
Affidavit Of Death
related
—
Jul 11, 2013
—
Holesapple,richard Trust
Holesapple,richard W
Quit Claim Deed
related
—
Nov 1, 2010
$6,975,000
Crestview Mary Lynn LLC
Holesapple,richard W
Grant Deed
$4,812,000 · Private Lender
Aug 29, 2009
—
Richard W Holesapple
Owner Name Unavailable
Affidavit Of Death
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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