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Property profile & analytics
OFF-MARKET
Estimated value
$10,195,000
Retail space
604 Sutter St Folsom, CA 95630-2575
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0185089
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Construction
WOOD
Total area
31,324 SF
Lot
0.32 ac (14,000 SF)
Zoning code
HD
APN
070-0061-015-0000
UPID
US09-0185089
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
-
Gold Country Advisors Business Broker
-
Faria Bakery Folsom Bakery Specialty Food Shop
-
Ritmo Legal Consultant
-
SRSG Association Or Organization
-
master care Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.73M
CAP Approach
CAP
$6.28M
Comparable Approach
Comparable
$13.25M
Blend (final)
Blend
$10.20M
Owner & transaction history
Biddle Genesis Properties LLC · 2 yrs held
Biddle Genesis Properties LLC
since 2023
Last sale
$10.8M
6 recorded transactions
Zoning & alternative use
HD · Folsom, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The city council intends to actively promote the purposes of this chapter by is creating incentives for residents, property owners and businesses, encouraging cooperation in attaining the purposes set forth in this chapter, and providing a simple, fair and effective system of enforcement of the regulations contained in this chapter
Zone name
Historic District
General category
COMMERCIAL
Zone area
48.38 ac
Source
Realmo
Top alternative use upside
Restaurant
$14.7M
+46.0%
Office building
$10.4M
+3.4%
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 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
$9,540,000
ML approach
$9,730,000
CAP Approach
CAP Return
Estimation
6%
$6,795,000
6.5%
$6,275,000
7%
$5,825,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,095,000
Current use
RESTAURANT
$14,735,000
Change: +46% · Conversion: Easy
OFFICE BUILDING
$10,435,000
Change: +3% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$8,970,000
Change: -11% · Conversion: Difficult
MEDICAL BUILDING
$8,155,000
Change: -19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,090,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$10.20M
Range $9.18M – $11.21M · ±10% · vs last sale $10.75M (Nov 9 2023)
Last sale anchor
$10.75M
Nov 9 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
$325 / 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
$119,583
Tax year 2024
Assessed value
$10,750,000
Assessed 2024
Previous assessed
$10,750,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,200,000
Assessed improvement
$9,550,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2009
Construction
WOOD
Heating
NONE
Buildings
2
Stories
3
Total area
31,324 SF
Lot
0.32 ac (14,000 SF)
Zoning code
HD
APN
070-0061-015-0000
UPID
US09-0185089
Jurisdiction
SACRAMENTO
Zoning & alternative use
HD · Folsom, CAZoning HD · permitted uses
HD · Folsom, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The city council intends to actively promote the purposes of this chapter by is creating incentives for residents, property owners and businesses, encouraging cooperation in attaining the purposes set forth in this chapter, and providing a simple, fair and effective system of enforcement of the regulations contained in this chapter
Zone name
Historic District
General category
COMMERCIAL
Zone area
48.38 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$10.1M
RESTAURANT
Est. value
$14.7M
OFFICE BUILDING
Est. value
$10.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.0M
MEDICAL BUILDING
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$8.1M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2009
Construction
WOOD
Heating
NONE
Stories
3
Buildings
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Biddle Genesis Properties LLC
Entity
Mailing address
6858 OAK AVE, FOLSOM, CA 95630-1801
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2023
$10,750,000
Biddle Genesis Properties LLC
Fit Development LP
Grant Deed
—
Apr 30, 2018
—
Fit Dev LP
—
Deed
related
$4,622,000 · Mechanics Bk
Sep 30, 2013
$8,980,000
Fit Dev LP
Sutter Street Dev Partners LLC
Grant Deed
$15,000,000 · Rabobank
May 5, 2004
$500,000
Sutter Street Development Ptns
Brann,glerald R
Grant Deed
$500,000 · Meissner Trust
—
—
Sutter Street Dev Ptrs LLC
—
Deed Of Trust
related
$7,000,000 · Umpqua Bank
—
—
Fit Dev LP
—
Deed Of Trust
related
$4,622,000 · Mechanics 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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