Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,600,000
Strip malls
7223 Fair Oaks Blvd Carmichael, CA 95608-6410
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5117900
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
WOOD
Total area
55,647 SF
Lot
5.02 ac (218,671 SF)
Zoning code
LC
APN
258-0080-036-0000
UPID
US09-5117900
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
-
Smart & Final Extra! Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.60M
Owner & transaction history
Diamond Dev · 6 yrs held
Diamond Dev
since 2019
7 recorded transactions
Zoning & alternative use
LC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$83 / 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
$112,006
Tax year 2024
Assessed value
$8,727,722
Assessed 2024
Previous assessed
$8,727,722
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$2,112,237
Assessed improvement
$6,615,485
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
55,647 SF
Lot
5.02 ac (218,671 SF)
Zoning code
LC
APN
258-0080-036-0000
UPID
US09-5117900
Jurisdiction
SACRAMENTO
Zoning & alternative use
LC · Carmichael, CAZoning LC · permitted uses
LC · Carmichael, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
5.02 ac
Current owner
From public records · entity-resolved
Diamond Dev
Individual
Mailing address
550 S HL ST STE #1256, LOS ANGELES, CA 90013-2289
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2019
$11,000,000
Diamond Dev
99 Palms LP
Grant Deed
related
$6,900,000 · Ladder Cap Fin
Nov 18, 2019
—
Carmichael Investments LLC
Diamond Developers LLC
Grant Deed
related
$6,900,000 · Ladder Cap Fin
Apr 12, 2016
—
99 Palms LP
Bip LLC
Quit Claim Deed
related
—
Aug 14, 2014
—
Carmichael I LLC
—
Grant Deed
related
$6,200,000 · California Bk&tr
Jul 17, 2014
—
Carmichael III LLC
Seazona Properties Ltd
Quit Claim Deed
related
—
Mar 25, 2014
$3,850,000
Rea Modesto LP
Tidal Basin INC
Grant Deed
—
Mar 25, 2014
$219,500
Seazona Properties Ltd
Tidal Basin INC
Grant Deed
—
Mar 25, 2014
$743,000
Ruffin Tech Center Ltd
Tidal Basin INC
Grant Deed
—
Dec 30, 2013
—
Bip LLC
Tidal Basin INC
Grant Deed
related
—
Nov 6, 2013
$5,125,000
Tidal Basin I INC
West Coast Liquidators INC
Grant Deed
—
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 7223 Fair Oaks Blvd?
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.
