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    8593 Greenback Ln Orangevale, CA 95662-3977
    Property profile & analytics

    8593 Greenback Ln, Orangevale, CA 95662-3977

    View on Map
    • Apartment buildings
    • 8,030 SF
    • 0.43 lot acres
    Off-Market
    Last Sale Dec 20, 2021
    $3,150,000
    Property ID
    US10-3080889
    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.
    Value Estimations
    $3,095,000
    Show details
    Cap Rate Potential
    2.1%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 8593 Greenback Ln

    Year built
    1978
    Construction
    CONCRETE
    Lot size
    0.43 lot acres
    Zone code
    SPA
    Property type
    Apartment buildings
    APN
    261-0160-016-0000
    APU
    26101600160000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 20, 2021 $3,150,000 Browning Residential LLC Sera H 3 One LLC Grant Deed $640k · Citizens Business Bank
    May 25, 2016 — James D Henry Henry,jim Quit Claim Deed —
    Apr 30, 2014 — Jim Henry Etemand,paul Grant Deed —
    Sep 15, 2011 — Paul Etemad Etemad,mondona Quit Claim Deed · related —
    Aug 24, 2011 $650,000 Paul Etemad Tritex Real Estate Advisors II INC Grant Deed $500k · Us Bank NA
    Feb 18, 2011 $600,000 Tritex Real Estate Advisors II Federal Natl Mtg Assn Fnma Grant Deed —
    Feb 18, 2011 $804,420 Federal Natl Mtg Assn Fnma Plm Lender Services INC Trustees Deed · related —
    Aug 9, 2006 $960,000 Lee S Ng Hackett,leon W JR & Anna F E Grant Deed $650k · Fremont Bank
    Aug 9, 2006 — Lee S Ng Ng,jinny Quit Claim Deed · related —
    May 14, 2004 $845,000 Leon W Hacklett Almond Associates Grant Deed $518k · Washington Mutual Fsb

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,910,000
      Market price range: $764k - $2.91M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,930,000
      Current use
      RESTAURANT
      $3,775,000
      Change: +96% Conversion: Difficult
      MEDICAL BUILDING
      $2,090,000
      Change: +8% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,075,000
      Change: +8% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,875,000
      Change: -3% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Orangevale
    County
    Sacramento
    State
    California
    Longitude
    -121.24
    Latitude
    38.6789
    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
    $20,184
    $228,888
    $1,409,742
    $1,638,630
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,590,000
      7,364 SF

      6431 Benning St

      APARTMENT HOUSE (5+ UNITS)
      6431 Benning St, Orangevale, CA 95662-4238
      View Details
    • Value Estimation
      $1,140,000
      6,708 SF

      6120 Beech Ave

      APARTMENT HOUSE (5+ UNITS)
      6120 Beech Ave, Orangevale, CA 95662-4566
      View Details
    • Value Estimation
      $3,125,000
      24,554 SF

      6411 Benning St

      APARTMENT HOUSE (5+ UNITS)
      6411 Benning St, Orangevale, CA 95662-4253
      View Details
    • Value Estimation
      $2,465,000
      14,865 SF

      5725 Main Ave

      APARTMENT HOUSE (5+ UNITS)
      5725 Main Ave, Orangevale, CA 95662-5442
      View Details
    • Value Estimation
      $1,025,000
      7,520 SF

      6225 Pecan Ave

      APARTMENT HOUSE (5+ UNITS)
      6225 Pecan Ave, Orangevale, CA 95662-4153
      View Details
    • Value Estimation
      $12,065,000
      120,780 SF

      9349 Hallenoak Ln

      APARTMENT HOUSE (5+ UNITS)
      9349 Hallenoak Ln, Orangevale, CA 95662-4920
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Building For Sale

      Single-story mixed-use building with central HVAC and parking.
      6224 Walnut Ave, Orangevale, CA 95662
      View Details
    • Contact for pricing
      5,880 SF

      Fully Leased Orangevale Strip Center

      Stabilized strip center in high-traffic area with long-term tenants.
      9264 Greenback Ln, Orangevale, CA 95662
      View Details
    • Contact for pricing

      Retail Strip Center For Sale

      4,700 SF retail strip center available for sale or lease.
      5660 Main Ave, Orangevale, CA 95662
      View Details
    • $1,399,998
      6,272 SF

      Greenback Lane Retail Investment

      Prime Orangevale retail space, fully leased.
      9220 Greenback Ln, Orangevale, CA 95662
      View Details
    • $339,000
      1,280 SF

      Professional Office Space in Orangevale

      Well-maintained office in Rollingwood Office Park with flexible layout.
      9258 Madison Ave, Orangevale, CA 95662
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,689 SF

      Retail Spaces in Orangevale Center

      Retail spaces available in a neighborhood shopping center.
      9407-9445 Madison Ave, Orangevale, CA 95662
      View Details
    • Contact for pricing
      1,831 SF

      Retail Space on Greenback Lane

      Retail space with high visibility and strong traffic count.
      8820 Greenback Ln, Orangevale, CA 95662
      View Details
    • Contact for pricing
      717 SF

      Orangevale Office Space For Rent

      Office space available in Orangevale with street signage and parking.
      9198 Greenback Ln, Orangevale, CA 95662
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Orangevale, California.
      9353 Greenback Ln, Orangevale, CA 95662
      View Details
    • Contact for pricing

      Orangevale Retail Space For Lease

      Retail space available for lease in Orangevale, California.
      8861 Greenback Ln, Orangevale, CA 95662
      View Details
    • Contact for pricing
      3,968 SF

      Retail Space on Greenback Lane

      Retail spaces available in high-traffic Orangevale shopping center.
      8801-8899 Greenback Ln, Orangevale, CA 95662
      View Details
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    Orangevale, CA 95662-3977
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    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
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    8593 Greenback Ln, Orangevale, CA, 95662
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