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Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Garden apartment buildings
806 Kelly Way Folsom, CA 95630-3209
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2593526
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1957
Construction
WOOD
Total area
10,316 SF
Lot
1.97 ac (85,813 SF)
Zoning code
R-4
APN
071-0182-015-0000
UPID
US09-2593526
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
$2.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.11M
Owner & transaction history
Sctrp LLC · 3 yrs held
Sctrp LLC
since 2023
6 recorded transactions
Zoning & alternative use
R-4 · Folsom, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.4M
+16.3%
Retail stores
$3.3M
+12.5%
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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,295,000
6.5%
$2,120,000
7%
$1,965,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,955,000
Current use
OFFICE BUILDING
$3,435,000
Change: +16% · Conversion: Moderate
RETAIL STORES
$3,325,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$2,685,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,665,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,410,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±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
$204 / 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
$30,008
Tax year 2024
Assessed value
$2,754,000
Assessed 2024
Previous assessed
$2,754,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,224,000
Assessed improvement
$1,530,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1957
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
12
Total area
10,316 SF
Lot
1.97 ac (85,813 SF)
Zoning code
R-4
APN
071-0182-015-0000
UPID
US09-2593526
Jurisdiction
SACRAMENTO
Zoning & alternative use
R-4 · Folsom, CA
Zoning R-4 · permitted uses
R-4 · Folsom, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Folsom. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.0M
OFFICE BUILDING
Est. value
$3.4M
RETAIL STORES
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (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
1957
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
12
Lot
1.97 ac
Current owner
From public records · entity-resolved
Sctrp LLC
Entity
Free & Clear · 3 yrs held
Mailing address
503 PICASSO WAY, FOLSOM, CA 95630-5622
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2026
—
Sctrp LLC
—
Deed
related
$1,200,000 · First Entertainment Cu
Apr 16, 2024
—
Sctrp LLC
—
Deed
related
$1,500,000 · Sierra Central Cu
Jul 7, 2023
—
Sctrp LLC
Susan Tate
Grant Deed
—
Feb 10, 2023
—
Susan Tate
Susan Tate
Intrafamily Transfer
related
$500,000 · Jpmorgan Chase Bank NA
Jan 20, 2023
$2,700,000
Susan C Tate
Jeffrey Wayne Keeling
Grant Deed
—
Jun 12, 2015
—
Ridgway,donna L Trust
Ridgway Donna L
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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