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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Office Spaces
9241 Old State Hwy Newcastle, CA 95658-1400
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-9374440
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1965
Construction
TILT-UP CONCRETE
Total area
4,178 SF
Lot
0.24 ac (10,454 SF)
Zoning code
C1
APN
040-174-005-000
UPID
US09-9374440
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
-
United States Postal Service Post Office Logistics Service
-
Cal Equipment Big Box & Wholesale Store
-
Advanced Leak Detection Services Plumbing Service General Contractor
-
Simple Elegance Landscape Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$930k
CAP Approach
CAP
$975k
Comparable Approach
Comparable
$886k
Blend (final)
Blend
$880k
Owner & transaction history
Tiger 22 Holdings LLC · 6 yrs held
Tiger 22 Holdings LLC
since 2020
Last sale
$850,000
4 recorded transactions
Zoning & alternative use
C1 · Newcastle, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+20.0%
Auto repair, garage
$1.1M
+11.2%
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 Newcastle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newcastle 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
$775,000
ML approach
$930,000
CAP Approach
CAP Return
Estimation
6%
$1,060,000
6.5%
$975,000
7%
$905,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,010,000
Current use
OFFICE BUILDING
$1,210,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,125,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$960,000
Change: -5% · Conversion: Easy
RETAIL STORES
$935,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $850k (Jan 9 2020)
Last sale anchor
$850k
Jan 9 2020
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
$211 / 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
$10,036
Tax year 2024
Assessed value
$911,368
Assessed 2024
Previous assessed
$911,368
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$128,662
Assessed improvement
$782,706
Applied tax rate
81.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Total area
4,178 SF
Lot
0.24 ac (10,454 SF)
Zoning code
C1
APN
040-174-005-000
UPID
US09-9374440
Jurisdiction
PLACER
Zoning & alternative use
C1 · Newcastle, CA
Zoning C1 · permitted uses
C1 · Newcastle, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newcastle. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$960,000
RETAIL STORES
Est. value
$935,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Tiger 22 Holdings LLC
Entity
Mailing address
540 FULTON AVE, SACRAMENTO, CA 95825-4862
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2020
$850,000
Tiger 22 Holdings LLC
Troy Leo J & Ann F F/tr
Grant Deed
—
Jan 9, 2020
—
Troy Family Trust
Leo J Troy
Affidavit Of Death
related
—
May 16, 2002
$460,000
Troy Trust
William P Floyd Family LP
Grant Deed
$126,000 · Northern Nevada Bank
—
—
Troy,tr
—
Deed Of Trust
related
$150,000 · First National Bank & Trust
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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