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Property profile & analytics
OFF-MARKET
Estimated value
$2,885,000
Retail properties & Spaces
6404 Fair Oaks Blvd Carmichael, CA 95608-4017
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-3244237
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1985
Construction
WOOD
Total area
21,376 SF
Lot
1.4 ac (60,983 SF)
Zoning code
SPA
APN
273-0131-040-0000
UPID
US10-3244237
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
-
Fliptastic Gym & Fitness Center
-
Sim Garage Doors and Gates Repair Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.37M
Blend (final)
Blend
$2.89M
Owner & transaction history
Kake INC · 2 yrs held
Kake INC
since 2023
Last sale
$2.9M
5 recorded transactions
Zoning & alternative use
SPA · Carmichael, 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 Carmichael submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carmichael 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
$2,955,000
ML approach
$2,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,425,000
Current use
Blend value · Realmo final
$2.89M
Range $2.60M – $3.17M · ±10% · vs last sale $2.85M (Aug 31 2023)
Last sale anchor
$2.85M
Aug 31 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
$135 / 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
$36,042
Tax year 2024
Assessed value
$2,850,000
Assessed 2024
Previous assessed
$2,850,000
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$790,000
Assessed improvement
$2,060,000
Applied tax rate
54.0000
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
21,376 SF
Lot
1.4 ac (60,983 SF)
Zoning code
SPA
APN
273-0131-040-0000
UPID
US10-3244237
Jurisdiction
SACRAMENTO
Zoning & alternative use
SPA · Carmichael, CA
Zoning SPA · permitted uses
SPA · Carmichael, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carmichael. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.4M
RETAIL STORES 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
1985
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
1.4 ac
Current owner
From public records · entity-resolved
Kake INC
Entity
Mailing address
6404 FAIR OAKS BLVD, CARMICHAEL, CA 95608-4017
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2023
$2,850,000
Kake INC
Kellner & Strand
Grant Deed
$2,607,500 · Wells Fargo Bank NA
Jan 26, 2012
—
Richard C Strand
Strand,arthur I
Affidavit Of Death
related
—
Dec 4, 2003
—
Kellner
Copelands Properties LLC
Grant Deed
$1,725,000 · Standard Insurance Co
May 5, 1998
—
Copelands Properties LLC
Copelands Investments Ptshp
Quit Claim Deed
related
—
—
—
Copelands Properties LLC
—
Deed Of Trust
related
$20,000,000 · Bank Of America
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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