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    Property profile & analytics

    3051 Freeport Blvd Sacramento, CA 95818-4346

    • Retail space
    • 3,470 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0560628
    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.

    Current Use by Public Records

    • Sweets & Sugars / Ice Cream Shop

    Property Details for 3051 Freeport Blvd

    Year built
    1966
    Construction
    TILT-UP CONCRETE
    Lot size
    0.24 lot acres
    Property size
    3,470 SF
    Zone code
    C-2
    Property type
    Retail space
    APN
    013-0161-030-0000
    APU
    1301610300000

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.489
    Latitude
    38.549
    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
    $8,639
    $155,104
    $539,206
    $694,310
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,250 SF

      2417 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 2,250 SF
      2417 Broadway, Sacramento, CA 95818-2618
      View Details
    • Value Estimation by Request
      3,839 SF

      2117 28th St

      RETAIL STORES (PERSONAL SERVICES) • 3,839 SF
      2117 28th St, Sacramento, CA 95818-1909
      View Details
    • Value Estimation
      $360,000
      1,592 SF

      2540 21st St

      RETAIL STORES (PERSONAL SERVICES) • 1,592 SF
      2540 21st St, Sacramento, CA 95818-2523
      View Details
    • Value Estimation
      $240,000
      2,117 SF

      2020 10th St

      RETAIL STORES (PERSONAL SERVICES) • 2,117 SF
      2020 10th St, Sacramento, CA 95818-1312
      View Details
    • Value Estimation
      $340,000
      3,520 SF

      2130 10th St

      RETAIL STORES (PERSONAL SERVICES) • 3,520 SF
      2130 10th St, Sacramento, CA 95818-1314
      View Details
    • Value Estimation
      $240,000
      2,530 SF

      2016 16th St

      RETAIL STORES (PERSONAL SERVICES) • 2,530 SF
      2016 16th St, Sacramento, CA 95818-1507
      View Details

    Similar Nearby for Sale

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      Retail and Office Space Available

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      Retail property in Sacramento's Curtis Park neighborhood for sale.
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      Iconic Restaurant in Sacramento Heart

      Charming, well-maintained restaurant with excellent exposure in Sacramento.
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      13,285 SF

      Mixed-Use Redevelopment Opportunity

      Multi-tenant retail and office building with redevelopment potential.
      2400-2414 16Th St, Sacramento, CA 95818
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    • Contact for pricing

      Sacramento Land For Sale

      Land available for sale in Sacramento, California.
      Freeport Blvd, Sacramento, CA 95818
      View Details
    • $285,000

      Land Plot with Existing Garage

      1,600 SF land plot with auto garage for sale.
      2016 10Th St, Sacramento, CA 95818
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    Similar Nearby for Lease

    • $2 SF/Yr
      1,450 SF

      Former Jamba Juice Bar Space

      Retail space formerly occupied by Jamba Juice available for lease.
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      5,067 SF

      Sacramento Retail Space Available

      Retail space available for lease in Sacramento, California.
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    • $1.00 SF/Yr
      3,464 SF

      Large Open Space with Windows For Lease

      Large Open Space with Windows For Lease
      1618 Broadway, Sacramento, CA 95818
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    • Contact for pricing
      4,208 SF

      High Visibility Office Space

      Office space with excellent visibility and architectural features.
      1331 Broadway, Sacramento, CA 95818
      View Details

    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      2.3k
    • Avg Time on site
      15 min
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    Sacramento, CA 95818-4346
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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.

    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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