Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$55,785,000
Super regional malls
1689 Arden Way Sacramento, CA 95815-4030
Individually Owned
32-yr Hold
Free & Clear
Property ID
US09-2644283
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1990
Construction
CONCRETE
Total area
201,132 SF
Lot
28.11 ac (1,224,471 SF)
Zoning code
C-2
APN
277-0160-071-0000
UPID
US09-2644283
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
-
Carousel Arden Fair, Heritage Amusements Arcade & Gaming Center Family Recreation Center
-
Relaxing Zone Alternative Medicine Practice Spa & Massage Center
-
Cold stone creamery Grocery & Convenience Store Specialty Food Shop
-
QUAY Arden Fair (Bike/Boat/Book/etc) Store
-
Tesla Supercharger Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$58.21M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$55.79M
Owner & transaction history
Arden Fair Assoc · 32 yrs held
Arden Fair Assoc
since 1993
3 recorded transactions
Zoning & alternative use
C-2 · 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%
$63,055,000
6.5%
$58,205,000
7%
$54,045,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$63,090,000
Current use
APARTMENT HOUSE (5+ UNITS)
$58,720,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$51,465,000
Change: -18% · Conversion: Difficult
MEDICAL BUILDING
$51,215,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$55.79M
Range $50.21M – $61.36M · ±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
$277 / 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
$1,878,072
Tax year 2024
Assessed value
$159,925,519
Assessed 2024
Previous assessed
$159,925,519
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$24,786,094
Assessed improvement
$135,139,425
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1990
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
2
Total area
201,132 SF
Lot
28.11 ac (1,224,471 SF)
Zoning code
C-2
APN
277-0160-071-0000
UPID
US09-2644283
Jurisdiction
SACRAMENTO
Zoning & alternative use
C-2 · Sacramento, CA
Zoning C-2 · permitted uses
C-2 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$63.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$58.7M
AUTO REPAIR, GARAGE
Est. value
$51.5M
MEDICAL BUILDING
Est. value
$51.2M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1990
Construction
CONCRETE
Heating
NONE
Stories
2
Buildings
2
Lot
28.11 ac
Current owner
From public records · entity-resolved
Arden Fair Assoc
Individual
Free & Clear · 32 yrs held
Mailing address
PO BOX 4085, SANTA MONICA, CA 90411-4085
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2000
—
Arden Fair Associates LP
—
Deed Of Trust
related
$80,000,000 · Northwestern Mutual Life Ins
Nov 15, 1994
—
Arden Fair Associates LP
—
Deed Of Trust
related
$67,500,000 · Principal Mutual Life Ins
Aug 12, 1993
—
Arden Fair Assoc
Carter Hawley Ha
Grant Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1689 Arden Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
