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    1821 Howe Ave Sacramento, CA 95825-1025
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    Property profile & analytics

    1821 Howe Ave, Sacramento, CA 95825-1025

    View on Map
    • Individual retail properties
    • 18,586 SF
    • 1.97 lot acres
    Off-Market
    Property ID
    US09-1626937
    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
    $2,105,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • World Market / Furniture & Home Goods / Home Decor Store

    Property Details for 1821 Howe Ave

    Year built
    1973
    Construction
    WOOD
    Lot size
    1.97 lot acres
    Zone code
    GC
    Property type
    Individual retail properties
    APN
    278-0270-030-0000
    APU
    27802700300000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 6, 2016 — Kenneth J Wong — Deed · related $300k · Wells Fargo Bank NA
    Aug 5, 2003 — Wong,tr Wong,kenneth J & Ellen K Quit Claim Deed · related $940k · Placer Sierra Bank
    Jun 1, 1999 — Wong Trust Wong,irene L Quit Claim Deed · related —
    Jan 12, 1996 $450,000 Wong,kenneth J & Ellen K Kavian Trust Trustees Deed $1M · Imperial Thrift & Loan
    Jan 12, 1996 — Ellen K Wong Wong,kenneth J Quit Claim Deed · related —
    Feb 9, 1993 — Bobby J Wong Rush,lynda M Grant Deed $350k · Imperial Thrift & Loan

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,696,000
      Market price range: $2.68M - $8.22M

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.416
    Latitude
    38.5988
    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
    $23,501
    $580,090
    $821,538
    $1,401,628
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      2599 Alta Arden Expy

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      0.45 Acres

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      3129 Arden Way

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    • Value Estimation
      $18,475,000
      102,513 SF

      2000 Howe Ave

      APPLIANCE STORE
      2000 Howe Ave, Sacramento, CA 95825-0138
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,500 SF

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      11,032 SF

      Turnkey Fitness Facility in Sacramento

      Centrally located, fully built-out health club with flexible space.
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      Retail Building on Arden Way

      5,738 SF retail building with three vacancies.
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      2,718 SF

      Restaurant Building on Howe Avenue

      High-profile restaurant building in Sacramento's retail corridor for lease.
      1249 Howe Ave, Sacramento, CA 95825
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    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Retail Space Available For Rent

      Retail space available for rent, approximately 5,000 square feet.
      1417 Howe Ave, Sacramento, CA 95825
      View Details
    • Contact for pricing
      1,210 SF

      Retail Space with Fulton Avenue Exposure

      Retail space with high visibility and excellent access.
      2125 Fulton Ave, Sacramento, CA 95825
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    • Contact for pricing
      2,500 SF

      Retail Space on Howe Avenue

      Retail space with high visibility on Howe Avenue.
      565 Howe Ave, Sacramento, CA 95825
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    • Contact for pricing
      6,500 SF

      Retail Space on Arden Way

      Freestanding retail space with open floor plan and ample parking.
      3129 Arden Way, Sacramento, CA 95825
      View Details
    • Contact for pricing
      1,400 SF

      Sacramento Retail Space Available

      Retail space available for rent in Sacramento, California.
      2355-2377 Arden Way, Sacramento, CA 95825
      View Details
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    Sacramento, CA 95825-1025
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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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