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Property profile & analytics
OFF-MARKET
Estimated value
$18,440,000
Apartment buildings
6300 Birdcage St Citrus Heights, CA 95610-5940
Entity Owned
11-yr Hold
Absentee Owner
Property ID
US09-2298546
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Construction
WOOD
Total area
78,208 SF
Lot
4.53 ac (197,326 SF)
Zoning code
RD20
APN
243-0060-038-0000
UPID
US09-2298546
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.06M
Comparable Approach
Comparable
$20.27M
Blend (final)
Blend
$18.44M
Owner & transaction history
Greenback Terrace LP · 11 yrs held
Greenback Terrace LP
since 2014
7 recorded transactions
Zoning & alternative use
RD20 · Citrus Heights, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$20.4M
+8.4%
Auto repair, garage
$20.2M
+7.5%
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 Citrus Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Citrus Heights 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%
$17,400,000
6.5%
$16,060,000
7%
$14,915,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$18,780,000
Current use
MEDICAL BUILDING
$20,360,000
Change: +8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$20,195,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$18,270,000
Change: -3% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$16,315,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$18.44M
Range $16.60M – $20.28M · ±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
$236 / 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
$98,084
Tax year 2024
Assessed value
$8,147,652
Assessed 2024
Previous assessed
$8,147,652
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,627,035
Assessed improvement
$5,520,617
Applied tax rate
6.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1977
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
72
Total area
78,208 SF
Lot
4.53 ac (197,326 SF)
Zoning code
RD20
APN
243-0060-038-0000
UPID
US09-2298546
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD20 · Citrus Heights, CA
Zoning RD20 · permitted uses
RD20 · Citrus Heights, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Citrus Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$18.8M
MEDICAL BUILDING
Est. value
$20.4M
AUTO REPAIR, GARAGE
Est. value
$20.2M
COMMERCIAL (GENERAL)
Est. value
$18.3M
INDUSTRIAL (GENERAL)
Est. value
$16.3M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1977
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
72
Lot
4.53 ac
Current owner
From public records · entity-resolved
Greenback Terrace LP
Entity
Mailing address
16 CV RD, BELVEDERE TIBURON, CA 94920-2345
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2019
—
Greenback Terrace LP
—
Deed
related
$10,300,000 · Jp Morgan Chase Bk
Nov 23, 2016
—
Greenback Terrace LP
—
Deed
related
$8,400,000 · Jpmorgan Chase Bank NA
Sep 26, 2014
—
Greenback Terrace LP
Dmg Greenback Terrace LLC
Quit Claim Deed
$5,670,000 · Jpmorgan Chase Bank NA
Mar 26, 2007
—
Kelley Carol D Living Trust
Pacific Regional Equities INC
Quit Claim Deed
related
—
Mar 26, 2007
$222,500
Dmg Greenback Terrace LLC
Kelley C D Living Trust
Grant Deed
—
Feb 5, 2007
—
Pacific Regional Equities INC
Kelley C D Living Trust
Grant Deed
related
—
Jan 24, 2006
—
Web Service Co INC
Kelley Carole D Trust
Grant Deed
related
—
Feb 18, 2005
—
Kelley Carole D Trust
Greenback Terrace Apts LLC
Grant Deed
—
Sep 28, 2001
—
Huey Trust
Westgate Associates LP
Grant Deed
related
$3,468,750 · Washington Mutual Fsb
Dec 1, 1998
$3,900,000
Westgate Associates LP
Greenback Terrace LLC
Grant Deed
$2,925,000 · Washington Mutual Fsb
Jan 10, 1997
—
James W Hines
Hines,lois
Quit Claim Deed
related
—
Jan 10, 1997
$666,000
Greenback Terrace LLC
Hines,james W
Trustees Deed
related
—
Jul 6, 1994
$587,881
James W Hines
Greenback Terrac
Trustees Deed
—
—
—
Greenback Terrace LLC
—
Deed Of Trust
related
$190,000 · Individual
—
—
Terrace Inv B Greenback
—
Deed Of Trust
related
$160,000 · Individual
—
—
Greenback Terrace LLC
—
Deed Of Trust
related
$200,000 · Stiffler Properties INC
—
—
Greenback Terrace LP
—
Deed Of Trust
related
$10,300,000 · Jp Morgan Chase Bk
—
—
James W Hines
—
Deed Of Trust
related
$2,000,000 · San Francisco Federal S & L
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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