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Property profile & analytics
OFF-MARKET
Estimated value
$31,385,000
Hotels
1121 15th St Sacramento, CA 95814-4011
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3170095
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2007
Construction
CONCRETE
Total area
215,655 SF
Lot
0.59 ac (25,600 SF)
Zoning code
C-3-SPD
APN
006-0122-010-0033
UPID
US10-3170095
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
-
ActivFilms Film Production Television Studio
-
Residence Inn Sacramento Downtown at Capitol Park Hotel & Motel
-
Marriott Hotel & Motel
-
SAFE arena Gym & Fitness Center Sports Field & Court
-
Clases de salsa High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.39M
Owner & transaction history
15th & L Investors LLC · 21 yrs held
15th & L Investors LLC
since 2004
7 recorded transactions
Zoning & alternative use
C-3-SPD · Sacramento, 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 Sacramento submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sacramento 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$50,985,000
Change: -11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$47,290,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$31.39M
Range $28.25M – $34.52M · ±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
$146 / 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
$554,728
Tax year 2024
Assessed value
$45,564,491
Assessed 2024
Previous assessed
$45,564,491
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$5,000,000
Assessed improvement
$40,564,491
Applied tax rate
3.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
15
Units
235
Total area
215,655 SF
Lot
0.59 ac (25,600 SF)
Zoning code
C-3-SPD
APN
006-0122-010-0033
UPID
US10-3170095
Jurisdiction
SACRAMENTO
Zoning & alternative use
C-3-SPD · Sacramento, CA
Zoning C-3-SPD · permitted uses
C-3-SPD · Sacramento, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sacramento. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$51.0M
INDUSTRIAL (GENERAL)
Est. value
$47.3M
COMMERCIAL (GENERAL)
INDUSTRIAL (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
2007
Construction
CONCRETE
Heating
NONE
Stories
15
Buildings
2
Units
235
Lot
0.59 ac
Current owner
From public records · entity-resolved
15th & L Investors LLC
Entity
Mailing address
5150 FAIR OAKS BLVD #10136, CARMICHAEL, CA 95608-5758
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2019
—
15th & L Invtrs LLC
—
Loan Modification
related
$11,409,570 · Miscellaneous Ins Co
Dec 17, 2004
—
15th & L Investors LLC
Ginney-knauer
Grant Deed
related
—
Dec 16, 2003
—
Anthony R Giannoni
Giannoni,debra S
Quit Claim Deed
related
—
Nov 24, 2003
—
Stuart L Smits
15th & L Investors LLC
Grant Deed
related
—
Jul 6, 2000
—
15th & L Investors LLC
Ads Switch Partners LLC
Grant Deed
related
—
Oct 29, 1999
—
Ads Parking Partners LLC
Mmj Investments Co
Grant Deed
$2,040,000 · Seller
—
—
15th & L Investors LLC
—
Deed Of Trust
related
$26,000,000 · Miscellaneous Ins Co
—
—
15th & L Investors LLC
—
Deed Of Trust
related
—
—
—
Stuart L Smits
—
Deed Of Trust
related
$2,000,000 · Vieja Band Of Kumeyaay Indians
—
—
15th & L Investors LLC
—
Deed Of Trust
related
$2,000,000 · Viejas Band Of Kumeyaay Indian
—
—
15th & L Investors LLC
—
Deed Of Trust
related
$7,000,000 · 15th & L Mezzanine Lenders LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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