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Property profile & analytics
OFF-MARKET
Estimated value
$1,585,000
Flex space
600 Business Park Dr Lincoln, CA 95648-9364
Individually Owned
1-yr Hold
Free & Clear
Property ID
US09-7245212
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2008
Construction
TILT-UP CONCRETE
Total area
10,672 SF
Lot
1 ac (43,560 SF)
APN
021-570-088-000
UPID
US09-7245212
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
-
The Black Patch Alternative Medicine Practice
-
SJ Die Casting & Machining Corp. Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.60M
CAP Approach
CAP
$2.02M
Comparable Approach
Comparable
$2.21M
Blend (final)
Blend
$1.59M
Owner & transaction history
Stacie L Callaghan · 1 yrs held
Stacie L Callaghan
since 2025
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.5M
+51.4%
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 Lincoln submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln 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
$1,490,000
ML approach
$1,595,000
CAP Approach
CAP Return
Estimation
6%
$2,190,000
6.5%
$2,020,000
7%
$1,880,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,620,000
Current use
MEDICAL BUILDING
$2,455,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±10% · vs last sale $1.63M (Jun 5 2020)
Last sale anchor
$1.63M
Jun 5 2020
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
$149 / 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
$19,437
Tax year 2024
Assessed value
$1,747,685
Assessed 2024
Previous assessed
$1,747,685
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$294,854
Assessed improvement
$1,452,831
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2008
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
10,672 SF
Lot
1 ac (43,560 SF)
APN
021-570-088-000
UPID
US09-7245212
Jurisdiction
PLACER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$2.5M
INDUSTRIAL (GENERAL) Current
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
2008
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Stacie L Callaghan
Individual
Free & Clear · 1 yrs held
Mailing address
2921 OLD OAK TREE WAY, ROCKLIN, CA 95765-5502
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
Jan 13, 2025
—
Stacie L Callaghan
Mark E Callaghan
Deed
related
—
Nov 19, 2024
—
Stacie L Callaghan
—
Deed
related
—
Jun 11, 2020
—
Mark E Callaghan
—
Deed
related
$828,000 · Western Alliance Bk
Jun 5, 2020
$1,630,000
Mark E Callaghan
Pw Fund B LP
Grant Deed
$828,000 · Western Alliance Bank
Nov 13, 2017
$4,194,000
Pw Fund B LP
Oates Associates Investors L
Grant Deed
—
Nov 13, 2017
—
Oates Associates Investors LLC
Buzz Oates Dev LP
Quit Claim Deed
—
—
—
Mark E Callaghan
—
Deed Of Trust
related
$828,000 · Western Alliance Bk
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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