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    1315 Alhambra Blvd Sacramento, CA 95816
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    Property profile & analytics

    1315 Alhambra Blvd, Sacramento, CA 95816

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    • Medical Office Space
    • 31,376 SF
    • 0.62 lot acres
    For Lease
    $3,000,000
    View Listing →
    Sacramento Office Space Available For Lease
    $3,000,000
    4,222 SF

    Sacramento Office Space Available

    4,222 square foot office space for rent.

    1315 Alhambra Boulevard, Sacramento, CA 95816
    View Listing
    Property ID
    US09-2489753
    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
    $3,000,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Liver Disease Management & Transplant Services: Sutter Pacific Med Foundation / Medical Clinic
    • Endodontic Specialty Group / Dental Office
    • Total Renal Care Inc / Medical Clinic
    • DaVita Alhambra Dialysis Center / Medical Clinic
    • Capitol Cardiovascular Imaging / Medical Clinic

    Property Details for 1315 Alhambra Blvd

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    0.62 lot acres
    Zone code
    C-2-SPD
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    007-0214-007-0000
    APU
    702140070000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 24, 2024 $3,000,000 Alhambra Blvd I LLC Hcp Medical Office Buildings I LLC Grant Deed $90.1M · Cibc Bank USA
    Jun 12, 2015 $6,750,000 Hcp Medical Office Buildings I Bkorion LLC Grant Deed —
    Dec 21, 2012 — William C Kao Kao,william C & Karen L S Quit Claim Deed · related —
    Mar 1, 2005 — Kao William C & Karen L S Tr 1315 Alhambra Associates Ltd Grant Deed —
    Dec 7, 1999 — 1315 Alhambra Associates Ltd — Deed Of Trust · related $3.9M · Cb Richard Ellis Investors Com

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,000,000
      ML approach
      $3,000,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,165,000
      Market price range: $1.19M - $5.41M

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.467
    Latitude
    38.5684
    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
    $92,684
    $1,767,422
    $5,620,414
    $7,387,836
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.00 Acres

      3160 Folsom Blvd

      MEDICAL BUILDING
      3160 Folsom Blvd, Sacramento, CA 95816-5219
      View Details
    • Value Estimation by Request
      2,520 SF

      1214 25th St

      MEDICAL BUILDING
      1214 25th St, Sacramento, CA 95816-5005
      View Details
    • Value Estimation
      $2,565,000
      19,462 SF

      3700 H St

      MEDICAL CLINIC
      3700 H St, Sacramento, CA 95816-4611
      View Details
    • Value Estimation
      $2,910,000
      24,516 SF

      2525 K St

      MEDICAL BUILDING
      2525 K St, Sacramento, CA 95816-5150
      View Details
    • Value Estimation
      $1,085,000
      5,058 SF

      2627 K St

      MEDICAL BUILDING
      2627 K St, Sacramento, CA 95816-5103
      View Details
    • Value Estimation
      $6,705,000
      34,950 SF

      3161 L St

      MEDICAL BUILDING
      3161 L St, Sacramento, CA 95816-5234
      View Details

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      2,962 SF

      Midtown Sacramento Two-Story Office Building

      2,962 SF office building in the heart of Midtown.
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      3,050 SF

      Office Building with Parking Spaces

      Office building featuring parking, offices, and high visibility.
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    Similar Nearby for Lease

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      8,979 SF

      Midtown Office/Medical Space Available

      Three-story building near Capitol City Freeway, suitable for office/medical uses.
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      Midtown Medical/Office Space Available

      Highly visible medical/office space in Midtown with ample parking.
      2901 K St, Sacramento, CA 95816
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      4,307 SF

      Medical Office Space Near Hospital

      Medical office space with direct hospital access and on-site parking.
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      1,300 SF

      Retail/Medical Space Near Sutter Hospital

      Retail or medical space available near Sutter Medical Center.
      2701 N St, Sacramento, CA 95816
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      Freestanding Building for Lease

      Freestanding building divisible to ±10,000 sq. ft. for lease.
      2211 F St, Sacramento, CA 95816
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    • Contact for pricing
      13,000 SF

      Medical Office Space for Lease

      Medical office space in the heart of the medical district.
      1201 Alhambra Blvd, Sacramento, CA 95816
      View Details
    View Listing
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    Sacramento, CA 95816
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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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