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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5945 Palm Dr Carmichael, CA 95608-4006

    • Office buildings
    • 12,413 SF
    • 1.20 lot acres
    OFF-MARKET
    Last Sale
    Sep 18, 2020
    $1,339,000
    Value Estimations
    $1,595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1078769
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • RES T & D / Electrical Engineer

    Property Details for 5945 Palm Dr

    Year built
    1960
    Construction
    TILT-UP CONCRETE
    Lot size
    1.20 lot acres
    Property size
    12,413 SF
    Zone code
    SPA
    Property type
    Office buildings
    APN
    273-0131-023-0000
    APU
    27301310230000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,450,000
      ML approach
      $1,575,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,042,000
      Market price range: $745k - $3.28M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Carmichael
    County
    Sacramento
    State
    California
    Longitude
    -121.327
    Latitude
    38.6175
    CBSA code
    40900
    CBSA name
    SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $18,315
    $445,707
    $974,984
    $1,420,691
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $500,000
      19,360 SF

      5949 Fair Oaks Blvd

      OFFICE BUILDING • 19,360 SF
      5949 Fair Oaks Blvd, Carmichael, CA 95608-5221
      View Details
    • Value Estimation
      $655,000
      4,375 SF

      6825 Fair Oaks Blvd

      OFFICE BUILDING (MULTI-STORY) • 4,375 SF
      6825 Fair Oaks Blvd, Carmichael, CA 95608-3836
      View Details
    • Value Estimation
      $625,000
      6,624 SF

      4444 Manzanita Ave

      OFFICE BUILDING • 6,624 SF
      4444 Manzanita Ave, Carmichael, CA 95608-1488
      View Details
    • Value Estimation
      $320,000
      4,970 SF

      5909 Stanley Ave

      OFFICE BUILDING • 4,970 SF
      5909 Stanley Ave, Carmichael, CA 95608-3873
      View Details
    • Value Estimation
      $320,000
      4,620 SF

      6233 Fair Oaks Blvd

      OFFICE BUILDING (MULTI-STORY) • 4,620 SF
      6233 Fair Oaks Blvd, Carmichael, CA 95608-4822
      View Details
    • Value Estimation
      $295,000
      2,466 SF

      7836 Fair Oaks Blvd

      OFFICE BUILDING • 2,466 SF
      7836 Fair Oaks Blvd, Carmichael, CA 95608-2495
      View Details

    Similar Nearby for Sale

    • $1,200,000
      9,457 SF

      Carmichael Redevelopment or Owner/User Opportunity

      Redevelopment or owner/user opportunity in Sacramento with existing income.
      7144 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • $599,000
      2,544 SF

      Freestanding Office Building on Marconi

      Freestanding office building with on-site parking on busy Marconi Avenue.
      4901 Marconi Ave, Carmichael, CA 95608
      View Details
    • $1,600,000
      11,044 SF

      Carmichael Office/Retail Building For Sale

      11,044 SF office/retail building in the heart of Carmichael, CA.
      7300-7310 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • $500,000

      Freestanding Office Building For Sale

      Freestanding 2,544 SF office building suitable for professional uses.
      4901 Marconi Ave, Carmichael, CA 95608
      View Details
    • $4,500,000
      35,478 SF

      Medical Office Building Near Hospital

      Medical office building with surgery center near Mercy San Juan.
      6660 Coyle Ave, Carmichael, CA 95608
      View Details
    • $3,250,000
      4,941 SF

      Carmichael Medical Office Building

      Prime Medical Office, 4,941 SF, High ROI
      7141 Fair Oaks Blvd, Carmichael, CA 95608
      View Details

    Similar Nearby for Lease

    • $1.40 SF/Yr
      18,042 SF

      Carmichael Office/Medical/Dental Space Available

      Office/medical/dental space for lease in Carmichael, California.
      6600 Madison Ave, Carmichael, CA 95608
      View Details
    • $1.35 SF/Yr
      1,131 SF

      Carmichael Office Space For Rent

      Office space available in Carmichael, California with ample parking.
      6726-6728 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • Contact for pricing
      52,778 SF

      Carmichael Medical Office Building

      Prime Medical Office Space Available in Carmichael, CA
      6620 Coyle Ave, Carmichael, CA 95608
      View Details
    • Contact for pricing
      4,668 SF

      Medical Office Space for Lease

      On-campus medical office space available for lease.
      6555 Coyle Ave, Carmichael, CA 95608
      View Details
    • $1.40 SF/Yr
      18,042 SF

      Carmichael Office/Medical/Dental Space Available

      Office/medical/dental space for lease in Carmichael, California.
      6600 Madison Ave, Carmichael, CA 95608
      View Details
    • $16 SF/Yr
      9,485 SF

      Carmichael Office Center Investment

      Prime Fair Oaks Blvd. Office Space
      6720 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
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    5945 Palm Dr
    Carmichael, CA 95608-4006
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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