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Property profile & analytics
OFF-MARKET
Estimated value
$1,765,000
Investment properties
7423 Fair Oaks Blvd Carmichael, CA 95608-1797
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-3294628
Property summary
AI-generated overview
This exceptional Class A retail opportunity is located in Carmichael, California, at 7423 Fair Oaks Blvd, near the intersection of Manzanita Ave. The property offers multiple suites available for lease within a single-story building, perfect for a variety of retail or restaurant uses. Suites are divisible, with a minimum leasable area of 2,000 square feet and a maximum contiguous space of 4,000 square feet. The total building square footage is not currently specified. This prime location benefits from a new signalized intersection, enhancing visibility and accessibility for businesses. Furthermore, a proposed pad site adjacent to the new main entrance presents additional development potential. The property is situated in Sacramento County, California, and boasts a highly desirable address in the thriving Carmichael community, zip code 95608. This presents a unique chance to establish a presence in a vibrant and growing market. The property's strategic location and modern amenities make it an ideal choice for businesses seeking a high-profile location with excellent visibility and accessibility.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1989
Total area
10,000 SF
Lot
0.82 ac (35,844 SF)
Zoning code
SC
APN
258-0310-037-0000
UPID
US09-3294628
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
-
Wingstop Restaurant
-
MrBeast Burger Restaurant Take-out & Catering
-
Thighstop Restaurant
-
Quest Diagnostics Medical Clinic
-
Burgerim Gourmet Burgers Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.98M
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$1.77M
Owner & transaction history
7423 Fob LLC
7423 Fob LLC
since 2026
7 recorded transactions
Zoning & alternative use
SC · Carmichael, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.7M
+14.2%
Medical building
$2.6M
+11.5%
Auto repair, garage
$2.6M
+10.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,140,000
6.5%
$1,975,000
7%
$1,830,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,335,000
Current use
OFFICE BUILDING
$2,670,000
Change: +14% · Conversion: Easy
MEDICAL BUILDING
$2,605,000
Change: +11% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,580,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,580,000
Change: +10% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,085,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$1.77M
Range $1.59M – $1.94M · ±10%
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
$177 / 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
$22,660
Tax year 2024
Assessed value
$1,777,222
Assessed 2024
Previous assessed
$1,777,222
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$595,437
Assessed improvement
$1,181,785
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1989
Heating
NONE
Buildings
2
Stories
1
Total area
10,000 SF
Lot
0.82 ac (35,844 SF)
Zoning code
SC
APN
258-0310-037-0000
UPID
US09-3294628
Jurisdiction
SACRAMENTO
Zoning & alternative use
SC · Carmichael, CA
Zoning SC · permitted uses
SC · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1989
Heating
NONE
Stories
1
Buildings
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
7423 Fob LLC
Entity
Mailing address
1435 RIV PARK DR STE #500, SACRAMENTO, CA 95815-4511
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2026
—
7423 Fob LLC
—
Deed
related
$19,000,000 · Minnesota Life Insurance Company
Feb 20, 2026
—
7423 Fob LLC
Tsakopoulos Investments LLC
Grant Deed
$19,000,000 · Minnesota Life Insurance Company
Feb 13, 2026
—
7423 Fob LLC
Tsakopoulos Investments LLC
Grant Deed
—
Nov 16, 2021
—
Tsakopoulos Investments LLC
—
Deed
related
$16,491,032 · Bank Of The West
Jul 30, 2014
—
Tsakopoulos Investements LLC
—
Deed Of Trust
related
$18,330,000 · Bank Of The West
Jun 27, 2012
—
Tsakopoulos Investments LLC
Tsakopoulos Family Trust
Quit Claim Deed
—
Aug 16, 2011
—
Angelo G Tsakopoulos
Tsakopoulos,george
Affidavit Of Death
related
—
Aug 15, 2011
—
Tsakopoulos Family Trust
—
Deed Of Trust
related
$116,425,707 · Bank Of The West
Dec 8, 2005
—
Tsakopoulos Family Trust
Sixells LLC
Quit Claim Deed
related
—
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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