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Property profile & analytics
FOR LEASE
Office buildings
950 Iron Point Rd Folsom, CA 95630
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1508128
For Lease
1 / 9
$18,420,000
950 Iron Point Rd, Folsom, CA 95630
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1999
Construction
TILT-UP CONCRETE
Total area
107,817 SF
Lot
6.98 ac (304,048 SF)
Zoning code
C-3 (PD)
APN
072-0840-049-0000
UPID
US09-1508128
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
-
Crawford & Company Insurance Agency
-
Mati Rosa Morphis, Realtor Real Estate Agency
-
Shelly Garcia Best Realtor in Woodridge, El Dorado Hills Real Estate Agency
-
Sunny Methner, Folsom- Realty One Group Real Estate Agency
-
Gayle Tanner Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.37M
Blend (final)
Blend
$18.42M
Owner & transaction history
Iron Point LLC · 6 yrs held
Iron Point LLC
since 2019
7 recorded transactions
Zoning & alternative use
C-3 (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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$18.42M
Range $16.58M – $20.26M · ±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
$171 / 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
$279,600
Tax year 2024
Assessed value
$25,411,187
Assessed 2024
Previous assessed
$25,411,187
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$3,591,876
Assessed improvement
$21,819,311
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
2
Total area
107,817 SF
Lot
6.98 ac (304,048 SF)
Zoning code
C-3 (PD)
APN
072-0840-049-0000
UPID
US09-1508128
Jurisdiction
SACRAMENTO
Zoning & alternative use
C-3 (PD) · Folsom, CAZoning C-3 (PD) · permitted uses
C-3 (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
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
2
Lot
6.98 ac
Current owner
From public records · entity-resolved
Iron Point LLC
Entity
Mailing address
1180 IRON PT RD STE #350, FOLSOM, CA 95630-8340
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Oct 3, 2019
$23,700,000
Iron Point LLC
Pac West Office Equities LP
Grant Deed
$15,200,000 · Bank Of America
Jan 5, 2017
$4,102,000
Pac West Office Equities LP
Buzz Oates LLC
Grant Deed
—
Jan 27, 2014
—
Cummings Trust
Cummings,william C
Quit Claim Deed
related
—
Dec 30, 2009
—
Buzz Oates LLC
Oates Marvin L Trust
Quit Claim Deed
—
Dec 29, 2009
—
Oates Marvin L Trust
—
Deed Of Trust
related
$11,000,000 · Union Bank
Dec 2, 2004
—
William C Cummings
Cummings,claudia J
Quit Claim Deed
related
$10,815,000 · Union Bank Of California
Oct 20, 1999
—
Oates Trust
A & A Properties
Grant Deed
related
—
—
—
William C Cummings
—
Deed Of Trust
related
$9,789,615 · Union Bank
—
—
Oates Marvin L Trust
—
Deed Of Trust
related
$5,413,244 · Union Bank Of California
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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