Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6624 Lemon Hl Ave, Unit 6 Sacramento, CA 95824-2099

    • Garden apartment buildings
    • 19,769 SF
    • 2.44 lot acres
    OFF-MARKET
    Value Estimations
    $3,860,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1005674
    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

    • Garden apartment buildings

    Property Details for 6624 Lemon Hl Ave

    Year built
    1939
    Construction
    WOOD
    Lot size
    2.44 lot acres
    Property size
    19,769 SF
    Zone code
    R-1
    Property type
    Garden apartment buildings
    APN
    038-0111-015-0000
    APU
    3801110150000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,175,000
      6.5%
      $4,775,000
      7%
      $4,435,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,855,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $6,200,000
      Change: +6% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $5,060,000
      Change: -14% Conversion: Difficult
      MEDICAL BUILDING
      $5,035,000
      Change: -14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.426
    Latitude
    38.5151
    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
    $33,258
    $437,456
    $2,255,643
    $2,693,099
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $540,000
      3,796 SF

      3707 44th Ave

      GARDEN APT, COURT APT (5+ UNITS) • 3,796 SF
      3707 44th Ave, Sacramento, CA 95824-3425
      View Details
    • Value Estimation by Request
      6,530 SF

      5921 Belleview Ave

      GARDEN APT, COURT APT (5+ UNITS) • 6,530 SF
      5921 Belleview Ave, Sacramento, CA 95824-2182
      View Details
    • Value Estimation
      $665,000
      3,591 SF

      5784 Belleview Ave

      GARDEN APT, COURT APT (5+ UNITS) • 3,591 SF
      5784 Belleview Ave, Sacramento, CA 95824-2126
      View Details
    • Value Estimation
      $1,630,000
      12,416 SF

      6022 Dias Ave

      GARDEN APT, COURT APT (5+ UNITS) • 12,416 SF
      6022 Dias Ave, Sacramento, CA 95824-4168
      View Details
    • Value Estimation
      $535,000
      3,822 SF

      5802 71st St

      GARDEN APT, COURT APT (5+ UNITS) • 3,822 SF
      5802 71st St, Sacramento, CA 95824-2114
      View Details
    • Value Estimation
      $2,845,000
      6,530 SF

      5931 Belleview Ave

      GARDEN APT, COURT APT (5+ UNITS) • 6,530 SF
      5931 Belleview Ave, Sacramento, CA 95824-2183
      View Details

    Similar Nearby for Sale

    • $490,000

      Commercial Lot in Sacramento

      Commercial building/lot with business potential, prime Sacramento location.
      6001 Stockton Blvd, Sacramento, CA 95824
      View Details
    • $225,000
      632 SF

      Seize This Opportunity to Own a Well-Established, Full-Service Automotive Business!

      Seize This Opportunity to Own a Well-Established, Full-Service Automotive Business!
      5670 Stockton Boulevard, Sacramento, CA 95824
      View Details
    • $459,000
      2,912 SF

      Sacramento Commercial Building - Prime Location

      Versatile 2,912 sq ft space, ideal for various uses.
      5900 Lemon Hill Ave, Sacramento, CA 95824
      View Details
    • $459,000
      2,900 SF

      Prime Commercial Building For Sale

      Prime Commercial Building For Sale
      5900 Lemon Hill Avenue, Sacramento, CA 95824
      View Details
    • Contact for pricing
      76,050 SF

      Sacramento Industrial Building For Sale

      76,050 SF industrial building on 4.32 acre parcel.
      8141 Elder Creek Rd, Sacramento, CA 95824
      View Details
    • Contact for pricing
      44,000 SF

      Sacramento Warehouse Space For Sale

      44,000 SF warehouse available in Sacramento, California.
      8165 Signal Ct, Sacramento, CA 95824
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space in Little Saigon

      High-visibility retail/office space in Sacramento's Little Saigon district.
      5880 Stockton Blvd, Sacramento, CA 95824
      View Details
    • Contact for pricing

      Warehouse with Office/Showroom Sublease

      6,000 SF warehouse with office/showroom space for sublease.
      6015 Power Inn Rd, Sacramento, CA 95824
      View Details
    • Contact for pricing
      1,100 SF

      Sacramento Flex Space For Rent

      Flex space with office, bathroom, and highway access.
      3431 33Rd Ave, Sacramento, CA 95824
      View Details
    • $2,018 /Mo
      1,302 SF

      5880 Stockton Boulevard #A Space A

      5880 Stockton Boulevard #A Space A
      5880 Stockton Boulevard #A, Sacramento, CA 95824
      View Details
    • Contact for pricing
      4,300 SF

      Industrial Space with Fenced Yard

      Industrial space featuring a fenced and paved yard.
      6083 Power Inn Rd, Sacramento, CA 95824
      View Details
    • $1.35 SF/Yr

      Medical Office Space For Lease

      Medical office spaces for lease with freeway access and parking.
      4500 47Th Ave, Sacramento, CA 95824
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6624 Lemon Hl Ave, Unit 6
    Sacramento, CA 95824-2099
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!