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Property profile & analytics
OFF-MARKET
Estimated value
$21,855,000
Apartment buildings
7550 Folsom Auburn Rd Folsom, CA 95630-1769
Entity Owned
20-yr Hold
Absentee Owner
Property ID
US09-2814759
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1989
Construction
WOOD
Total area
184,555 SF
Lot
13.7 ac (596,772 SF)
Zoning code
R-M (PD)
APN
227-0222-013-0000
UPID
US09-2814759
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.86M
Owner & transaction history
Lake Pointe LP · 20 yrs held
Lake Pointe LP
since 2006
7 recorded transactions
Zoning & alternative use
R-M (PD) · Folsom, 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 Folsom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Folsom 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
$118 / 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
$256,060
Tax year 2024
Assessed value
$23,500,370
Assessed 2024
Previous assessed
$23,500,370
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$3,446,965
Assessed improvement
$20,053,405
Applied tax rate
4.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
204
Total area
184,555 SF
Lot
13.7 ac (596,772 SF)
Zoning code
R-M (PD)
APN
227-0222-013-0000
UPID
US09-2814759
Jurisdiction
SACRAMENTO
Zoning & alternative use
R-M (PD) · Folsom, CAZoning R-M (PD) · permitted uses
R-M (PD) · Folsom, 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
1989
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
204
Lot
13.7 ac
Current owner
From public records · entity-resolved
Lake Pointe LP
Entity
Mailing address
702 MARSHALL ST STE #306, REDWOOD CITY, CA 94063-1824
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
Jun 27, 2025
—
Lake Pointe Limited Partnership
—
Deed
related
$36,753,000 · Wells Fargo Bank NA
Feb 26, 2018
—
Lake Pointe LP
—
Deed
related
$5,882,000 · Wells Fargo Bk Nw NA
May 31, 2006
—
Lake Pointe LP
The Demmon Family Partnership
Grant Deed
$16,200,000 · Prudential Mortgage Capital Co LLC
Dec 18, 1996
—
Demmon Family Partnership
—
Grant Deed
related
$9,689,480 · Wells Fargo Bank
Jan 11, 1995
—
Demmon Family Partnership
Demmon Family Partnership
Quit Claim Deed
related
$7,650,000 · Home Savings Of America
Dec 27, 1994
—
Demmon Family Partnership
Alameda Gardens Ltd
Grant Deed
related
—
Mar 7, 1990
$11,021,500
Alameda Gardens
Stoddard Jwp Fol
Grant Deed
$7,700,000 · Pacific Mutual Life Ins Co
Apr 29, 1988
$1,148,500
Jwp Fol Stoddard
Jwp L
Grant Deed
related
$6,349,000 · Homefed Bank
—
—
Lake Pointe LP
—
Deed Of Trust
related
$5,882,000 · Wells Fargo Bk Nw NA
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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