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6620 Coyle Ave, Carmichael, CA 95608
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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
Current use
Occupant on record · Public records
-
Medical Clinic
-
Medical Clinic
-
Physician
-
Physician
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.27M
CAP Approach
CAP
$8.79M
Comparable Approach
Comparable
$9.40M
Blend (final)
Blend
$11.79M
Owner & transaction history
since 2025
Last sale
$12.0M
7 recorded transactions
Zoning & alternative use
BP · Carmichael, CA
Top alternative use upside
Office building
$15.0M
+2.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$11.79M
Value range
$10.61M – $12.97M
±10% around blend
Estimated value / SF
$210 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$10.61M
blend $11.79M
$12.97M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
56,145 SF
Lot area
2.02 ac
Year built
1968
Stories
4
APN
232-0385-017-0000
Zoning
BP
Assessed value
$12,255,912
Annual tax
$147,175
3
Income approach: direct capitalization
Partial preview
Income approach indication
$8.79M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$9.53M
@ 6.5% CAP return
$8.79M
@ 7% CAP return
$8.17M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$147,175
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$9.40M
Range $3.02M – $10.70M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$11.79M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 163 sales
$260
-19%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $210/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+2%
vs current-use indication
Medical Building · current use
Auto Repair, Garage
Apartment House (5+ Units)
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
4.80%
Selected cap rate for this medical office space
Derived from the Carmichael market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.80%
9.0%
NOI (est.)
$14k *
Last sale · Jun 2022
$12.00M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$287k
Move the market yield to see immediate price impact.
Value / SF
$5
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.30%4.80%5.30%
$12k
$288k
$258k
$234k
$14k
$321k
$287k
$260k
$15k
$353k
$316k
$286k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
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, CAZoning BP · permitted uses
BP · Carmichael, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BP
Jurisdiction
Carmichael, CA
Recorded code
BP
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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