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Property profile & analytics
OFF-MARKET
Estimated value
$15,145,000
Warehouses
600 Nesmith Ct Folsom, CA 95630-8200
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2246629
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1999
Total area
117,260 SF
Lot
10.71 ac (466,527 SF)
Zoning code
C-3 (PD)
APN
072-1630-007-0000
UPID
US09-2246629
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
-
Storage Star Folsom Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.59M
Comparable Approach
Comparable
$21.17M
Blend (final)
Blend
$15.15M
Owner & transaction history
98 Folsom Partners LLC · 13 yrs held
98 Folsom Partners LLC
since 2012
6 recorded transactions
Zoning & alternative use
C-3 (PD) · Folsom, 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 Folsom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Folsom 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%
$16,885,000
6.5%
$15,585,000
7%
$14,470,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$16,695,000
Current use
Blend value · Realmo final
$15.15M
Range $13.63M – $16.66M · ±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
$129 / 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
$169,626
Tax year 2024
Assessed value
$15,223,833
Assessed 2024
Previous assessed
$15,223,833
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$5,638,009
Assessed improvement
$9,585,824
Applied tax rate
4.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
NONE
Buildings
2
Stories
1
Total area
117,260 SF
Lot
10.71 ac (466,527 SF)
Zoning code
C-3 (PD)
APN
072-1630-007-0000
UPID
US09-2246629
Jurisdiction
SACRAMENTO
Zoning & alternative use
C-3 (PD) · Folsom, CA
Zoning C-3 (PD) · permitted uses
C-3 (PD) · Folsom, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Folsom. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$16.7M
WAREHOUSE, STORAGE Current
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
1999
Heating
NONE
Stories
1
Buildings
2
Lot
10.71 ac
Current owner
From public records · entity-resolved
98 Folsom Partners LLC
Entity
Mailing address
11335 GOLD EXPY DR STE #100, GOLD RIVER, CA 95670-4568
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2022
—
Folsom Self Storage Investors LLC
—
Deed
related
$15,000,000 · Tiaa Fsb Holdings INC
Aug 31, 2012
—
98 Folsom Partners LLC
Azevedo 1993 Trust
Quit Claim Deed
related
—
Aug 31, 2012
$12,820,000
Folsom Self Storage Invtrs LLC
98 Folsom Partners LLC
Grant Deed
related
$8,072,000 · Bank Of The West
Feb 18, 2011
—
Azevedo 1993 Trust
Azevedo,richard J & Betty M
Quit Claim Deed
related
—
Oct 8, 2008
—
98 Folsom Partners LLC
—
Deed Of Trust
related
$8,390,000 · Bank Of Sacramento
—
—
Folsom Self Storage Investors
—
Deed Of Trust
related
$8,000,000 · Prudential Mtg Cap
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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