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Property profile & analytics
OFF-MARKET
Estimated value
$5,800,000
Distribution centers
6050 Watt Ave Sacramento, CA 95829-1301
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-2710082
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1991
Construction
TILT-UP CONCRETE
Total area
32,300 SF
Lot
3.03 ac (131,986 SF)
Zoning code
M-2S
APN
062-0060-099-0000
UPID
US09-2710082
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
-
Western Building Specialties Hardware & Home Improvement Production Facility
-
Action Gypsum Supply Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.80M
CAP Approach
CAP
$3.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.80M
Owner & transaction history
Lbl Lke South Watt LLC · 2 yrs held
Lbl Lke South Watt LLC
since 2024
Last sale
$5.8M
7 recorded transactions
Zoning & alternative use
M-2S · Sacramento, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$9.6M
+112.8%
Auto repair, garage
$8.3M
+83.8%
Medical building
$8.2M
+82.9%
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 Sacramento submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sacramento 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
$5,800,000
ML approach
$5,800,000
CAP Approach
CAP Return
Estimation
6%
$4,135,000
6.5%
$3,815,000
7%
$3,545,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,495,000
Current use
APARTMENT HOUSE (5+ UNITS)
$9,570,000
Change: +113% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,265,000
Change: +84% · Conversion: Easy
MEDICAL BUILDING
$8,225,000
Change: +83% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,635,000
Change: +70% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,085,000
Change: +58% · Conversion: Easy
Blend value · Realmo final
$5.80M
Range $5.22M – $6.38M · ±10% · vs last sale $5.80M (May 24 2024)
Last sale anchor
$5.80M
May 24 2024
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
$180 / 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
$23,133
Tax year 2024
Assessed value
$1,877,413
Assessed 2024
Previous assessed
$1,877,413
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$540,466
Assessed improvement
$1,336,947
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
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
32,300 SF
Lot
3.03 ac (131,986 SF)
Zoning code
M-2S
APN
062-0060-099-0000
UPID
US09-2710082
Jurisdiction
SACRAMENTO
Zoning & alternative use
M-2S · Sacramento, CA
Zoning M-2S · permitted uses
M-2S · Sacramento, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sacramento. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.6M
AUTO REPAIR, GARAGE
Est. value
$8.3M
MEDICAL BUILDING
Est. value
$8.2M
COMMERCIAL (GENERAL)
Est. value
$7.6M
INDUSTRIAL (GENERAL)
Est. value
$7.1M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (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
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
3.03 ac
Current owner
From public records · entity-resolved
Lbl Lke South Watt LLC
Entity
Mailing address
6050 S WATT AVE, SACRAMENTO, CA 95829-1301
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
May 24, 2024
$5,800,000
Lbl Lke South Watt LLC
Pilgrim Enterprises LP
Grant Deed
$1,300,000 · River City Bank
Jul 18, 2016
—
Pilgrim Ents LP
Younger,byron L JR & Jane E
Quit Claim Deed
—
Jun 14, 2016
—
Byron L Younger JR
Younger Family Trust
Quit Claim Deed
related
—
Dec 15, 2010
—
Younger Family Trust
Younger,byron L JR
Quit Claim Deed
related
—
—
—
Younger Family Trust
—
Deed Of Trust
related
$1,200,000 · Bancroft Life & Casualty Icc
—
—
Byron L Younger
—
Deed Of Trust
related
$700,000 · Westamerica Bank
—
—
Younger Family Trust
—
Deed Of Trust
related
$975,000 · Sperber H Family Trust (rt)
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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