Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,710,000
Medical Office Space
6620 Coyle Ave Carmichael, CA 95608-6333
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-0262260
Property summary
AI-generated overview
This exceptional four-story medical office building, totaling 52,778 square feet, presents a unique investment opportunity in Carmichael, California. Constructed in 2008, the property boasts a prime location in Sacramento County, at 6620 Coyle Ave, 95608, directly across from the 370-bed Mercy San Juan Hospital. The building features energy-efficient windows and recently upgraded HVAC systems, ensuring optimal comfort and efficiency. Common areas, including the lobby, hallways, and restrooms, have also undergone recent renovations. Currently, there are nine available spaces ranging from 810 to 3,610 square feet, offering flexible leasing options to accommodate various medical practices. The building's design allows for potential building and monument signage, providing excellent visibility and branding opportunities. The property is categorized as a multi-tenant building with a mix of medical office and cafe space. This well-maintained building offers a blend of modern amenities and a strategic location within a thriving medical community, making it an ideal choice for medical professionals seeking high-quality office space. The building's excellent condition and prime location make it a highly desirable asset.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1968
Construction
TILT-UP CONCRETE
Total area
56,145 SF
Lot
2.02 ac (87,991 SF)
Zoning code
BP
APN
232-0385-017-0000
UPID
US09-0262260
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
-
Capital Eye Medical Group Medical Clinic
-
Capital Medical Associates Medical Clinic
-
Dr. David E. Linstadt, MD Physician
-
Dr. Anthony T. Pu, MD Physician
-
RAS Sacramento Clinic: Fisher John MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.27M
CAP Approach
CAP
$8.79M
Comparable Approach
Comparable
$9.40M
Blend (final)
Blend
$10.71M
Owner & transaction history
Carmichael 6620mp Wrk7 LLC
Carmichael 6620mp Wrk7 LLC
since 2025
Last sale
$12.0M
7 recorded transactions
Zoning & alternative use
BP · Carmichael, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$15.0M
+2.5%
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 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
$11,790,000
ML approach
$10,265,000
CAP Approach
CAP Return
Estimation
6%
$9,525,000
6.5%
$8,790,000
7%
$8,165,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$14,615,000
Current use
OFFICE BUILDING
$14,980,000
Change: +2% · Conversion: Easy
AUTO REPAIR, GARAGE
$14,495,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$14,480,000
Change: -1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$13,115,000
Change: -10% · Conversion: Easy
INDUSTRIAL (GENERAL)
$11,715,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$10.71M
Range $9.64M – $11.78M · ±10% · vs last sale $12.00M (Jun 22 2022)
Last sale anchor
$12.00M
Jun 22 2022
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
$191 / 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
$147,175
Tax year 2024
Assessed value
$12,255,912
Assessed 2024
Previous assessed
$12,255,912
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,019,592
Assessed improvement
$11,236,320
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
4
Total area
56,145 SF
Lot
2.02 ac (87,991 SF)
Zoning code
BP
APN
232-0385-017-0000
UPID
US09-0262260
Jurisdiction
SACRAMENTO
Zoning & alternative use
BP · Carmichael, CA
Zoning BP · permitted uses
BP · 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
MEDICAL BUILDING Current
Est. value
$14.6M
OFFICE BUILDING
Est. value
$15.0M
AUTO REPAIR, GARAGE
Est. value
$14.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.5M
COMMERCIAL (GENERAL)
Est. value
$13.1M
INDUSTRIAL (GENERAL)
Est. value
$11.7M
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
4
Buildings
2
Lot
2.02 ac
Current owner
From public records · entity-resolved
Carmichael 6620mp Wrk7 LLC
Entity
Mailing address
4500 DORR ST, TOLEDO, OH 43615-4040
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2025
—
Carmichael 6620mp Wrk7 LLC
Welltower Om Group LLC
Grant Deed
$360,281,750 · Capital One NA
Jun 22, 2022
$12,000,000
Welltower Om Group LLC
Sgmc Carmichael LLC
Grant Deed
—
Aug 8, 2014
—
Sgmc Carmichael LLC
Azusa Housing Partners LP
Grant Deed
$8,000,000 · Silverpeak Real Estate Finance LLC
Mar 12, 2013
$8,755,000
Azusa Housing Partners LP
Sa Challenger INC
Quit Claim Deed
related
—
Jun 29, 2012
$7,400,000
Sa Challenger INC
Old Republic Title Co
Trustees Deed
related
—
Jul 1, 2011
—
Beta Consulting Group LLC
—
Deed Of Trust
related
$9,188,550 · Us Bank NA
Apr 30, 2009
—
Beta Consulting Group LLC
—
Trustees Deed
related
$9,300 · California National Bank
Mar 26, 2007
—
St George Investors LLC
First Boston Mtg Secs 1999-c1
Quit Claim Deed
related
—
Mar 21, 2007
$9,550,000
Beta Consulting Group LLC
St George Investors LLC
Grant Deed
$9,300,000 · California National Bank
Jul 21, 1999
—
James A Kidd
Kidd,mary C
Quit Claim Deed
related
—
Jun 8, 1999
—
Saint George Investors LLC
J & J Investment LLC
Grant Deed
related
—
Feb 22, 1995
—
Mason Trust
Mason,lloyd E & Tertia M
Quit Claim Deed
related
—
Dec 1, 1994
—
Lloyd E Mason
J & J Investors LP
Grant Deed
related
—
Mar 16, 1993
$70,000
J Investors
Mason,lloyd E &
Grant Deed
related
—
Mar 16, 1993
$40,000
J & J Investors
Kidd,james A & M
Trustees Deed
related
—
Mar 16, 1993
$59,000
J Investors
Livingspace
Grant Deed
related
—
Mar 16, 1993
$74,000
J & J Investors
Otis,garth A
Trustees Deed
related
—
Mar 16, 1993
$20,000
J & J Investors
Ehlen,john P & A
Trustees Deed
related
$250,000 · Waterford Investor
Jan 3, 1992
$250,000
Garth A Otis
Otis,garth A
Grant Deed
related
$250,000 · Waterford Invest
—
—
J Inv
—
Deed Of Trust
related
$4,000,000 · Itt Federal Bank Fsb
—
—
Waterford Investors
—
Deed Of Trust
related
$70,000 · Waterford Invest
—
—
St George Investorts LLC
—
Deed Of Trust
related
$3,100,000 · Liberty Mtg Acceptance Corp
—
—
J Investors
—
Deed Of Trust
related
$385,000 · Bank Of Woodland
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6620 Coyle Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
