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    Property profile & analytics

    6215 Watt Ave North Highlands, CA 95660-4215

    • Office buildings
    • 4,000 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    $685,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-2918757
    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

    • National Association of Letter Carriers / Charitable Organization / Social Service Agency

    Property Details for 6215 Watt Ave

    Year built
    1989
    Construction
    WOOD
    Lot size
    0.50 lot acres
    Property size
    4,000 SF
    Zone code
    SPA
    Property type
    Office buildings
    APN
    215-0062-041-0000
    APU
    21500620410000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $825,000
      Current use
      MEDICAL BUILDING
      $1,040,000
      Change: +26% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,035,000
      Change: +25% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $935,000
      Change: +13% Conversion: Easy
      RETAIL STORES
      $755,000
      Change: -9% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    North Highlands
    County
    Sacramento
    State
    California
    Longitude
    -121.384
    Latitude
    38.6802
    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
    $7,387
    $81,151
    $562,593
    $643,744
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,052 SF

      6412 Watt Ave

      OFFICE BUILDING • 1,052 SF
      6412 Watt Ave, North Highlands, CA 95660-3611
      View Details
    • Value Estimation by Request
      13.32 Acres

      3798 Myrtle Ave

      OFFICE BUILDING • 13.32 Acres
      3798 Myrtle Ave, North Highlands, CA 95660-5221
      View Details
    • Value Estimation by Request
      0.03 Acres

      3475 Orange Grv Ave

      OFFICE BUILDING • 0.03 Acres
      3475 Orange Grv Ave, North Highlands, CA 95660-5509
      View Details
    • Value Estimation
      $5,770,000
      52,929 SF

      3724 Madison Ave

      OFFICE BUILDING (MULTI-STORY) • 52,929 SF
      3724 Madison Ave, North Highlands, CA 95660
      View Details
    • Value Estimation
      $1,335,000
      10,773 SF

      3475 Orange Grv Ave

      OFFICE BUILDING • 10,773 SF
      3475 Orange Grv Ave, North Highlands, CA 95660-5509
      View Details
    • Value Estimation by Request
      1,411 SF

      6539 Grattan Way

      OFFICE BUILDING • 1,411 SF
      6539 Grattan Way, North Highlands, CA 95660-4007
      View Details

    Similar Nearby for Sale

    • $1,200,000
      4,384 SF

      Retail Investment Opportunity in Highlands

      Retail property with established tenants and high traffic exposure.
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      155,030 SF

      North Highlands Warehouse Opportunity

      155,030 SF warehouse on 7.94 acres near freeway.
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      Sacramento County Buildable Acreage

      2.13 acres of residential mixed-use land in Sacramento County.
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      1,493 SF

      Jiffy Lube NNN Investment Opportunity

      NNN leased Jiffy Lube with options and percentage rent.
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      14,400 SF

      Former Restaurant Space For Sale

      Freestanding restaurant space with high visibility, built in 2010.
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      Commercial Land Near Shopping

      High-traffic commercial land close to shopping and services.
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    Similar Nearby for Lease

    • $0.68 SF/Yr

      Warehouse with Office Space

      Lease opportunity: 12,600 sq ft warehouse with office in North Highlands.
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    • $0.95 SF/Yr
      2,086 SF

      Professional Office Space Available

      Office space in professional business park, close to light rail.
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      North Highlands Industrial Units Available

      Industrial units for lease in North Highlands, minutes from I-80.
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      1,709 SF

      North Highlands Office Space Available

      Office space for rent with building-top signage potential.
      4600 Roseville Rd, North Highlands, CA 95660
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    • Contact for pricing
      900 SF

      Small Office/Warehouse Space Available

      900 SF office/warehouse space for rent in North Highlands.
      6315 Watt Ave, North Highlands, CA 95660
      View Details
    • Contact for pricing
      960 SF

      Freestanding Flex Building For Lease

      One-story flex building with convenient Interstate 80 access.
      4704 Roseville Rd, North Highlands, CA 95660
      View Details
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    6215 Watt Ave
    North Highlands, CA 95660-4215
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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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