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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Flex space
5929 Don Way Carmichael, CA 95608-1709
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2444048
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1957
Construction
TILT-UP CONCRETE
Total area
5,660 SF
Lot
0.34 ac (14,850 SF)
Zoning code
GC
APN
260-0012-007-0000
UPID
US10-2444048
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
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$972k
Blend (final)
Blend
$1.01M
Owner & transaction history
Lana Lease LLC · 2 yrs held
Lana Lease LLC
since 2023
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
GC · Carmichael, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+27.9%
Medical building
$1.5M
+24.8%
Auto repair, garage
$1.5M
+23.8%
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
$1,035,000
ML approach
$1,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,180,000
Current use
OFFICE BUILDING
$1,510,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$1,475,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,460,000
Change: +24% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,460,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,320,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±10% · vs last sale $1.00M (Dec 29 2023)
Last sale anchor
$1.00M
Dec 29 2023
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
$178 / 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
$12,367
Tax year 2024
Assessed value
$1,000,000
Assessed 2024
Previous assessed
$1,000,000
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$252,000
Assessed improvement
$748,000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1957
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
5,660 SF
Lot
0.34 ac (14,850 SF)
Zoning code
GC
APN
260-0012-007-0000
UPID
US10-2444048
Jurisdiction
SACRAMENTO
Zoning & alternative use
GC · Carmichael, CA
Zoning GC · permitted uses
GC · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.3M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1957
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Lana Lease LLC
Entity
Mailing address
7328 THALIA WAY, CITRUS HEIGHTS, CA 95621-5595
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
$1,000,000
Lana Lease LLC
Kelly Perveen
Grant Deed
$510,000 · Santa Cruz County Bank
Dec 29, 2023
—
Lana Lease LLC
—
Deed
related
$421,000 · Capital Access Group INC
Jul 6, 2018
$512,000
Kelly Family Trust
Camps,christopher
Grant Deed
—
Jul 27, 2015
$460,000
Christopher Camps
Walker,johnny M JR
Grant Deed
$414,000 · Johnny M JR Walker
Apr 1, 1999
—
Johnny M Walker
Walker,johnny M
Quit Claim Deed
related
$185,000 · Bank Of America
Jan 15, 1998
—
Johnny M Walker
Walker,virginia L
Quit Claim Deed
related
—
Mar 29, 1989
$225,000
Johnny M Walker
Watson Ed
Grant Deed
$216,000 · Truckee River Bank
—
—
John H Walker
—
Deed Of Trust
related
$50,000 · Schools Financial Cu
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.
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