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Property profile & analytics
OFF-MARKET
Estimated value
$11,000,000
Assisted living facilities
1922 Morse Ave Sacramento, CA 95825-2136
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1974790
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1978
Construction
WOOD
Total area
48,635 SF
Lot
2.88 ac (125,452 SF)
Zoning code
RD-30
APN
279-0171-039-0000
UPID
US09-1974790
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
-
Legacy Oaks of Sacramento Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.70M
Blend (final)
Blend
$11.00M
Owner & transaction history
Morse Investment Partners LLC · 2 yrs held
Morse Investment Partners LLC
since 2024
Last sale
$11.0M
7 recorded transactions
Zoning & alternative use
RD-30 · Sacramento, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning | City of Sacramento
Top alternative use upside
Neighborhood: shopping center
$15.3M
+37.7%
Retail stores
$14.6M
+31.6%
Apartment house (5+ units)
$14.5M
+31.1%
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
$11,000,000
ML approach
$11,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$11,075,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$15,255,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$14,575,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$14,525,000
Change: +31% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,445,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,500,000
Change: +4% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$10,665,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$11.00M
Range $9.90M – $12.10M · ±10% · vs last sale $11.00M (Apr 15 2024)
Last sale anchor
$11.00M
Apr 15 2024
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
$226 / 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
$35,117
Tax year 2024
Assessed value
$2,854,649
Assessed 2024
Previous assessed
$2,854,649
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,326,510
Assessed improvement
$1,528,139
Applied tax rate
54.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
48,635 SF
Lot
2.88 ac (125,452 SF)
Zoning code
RD-30
APN
279-0171-039-0000
UPID
US09-1974790
Jurisdiction
SACRAMENTO
Zoning & alternative use
RD-30 · Sacramento, CAZoning RD-30 · permitted uses
RD-30 · Sacramento, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning | City of Sacramento
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$11.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.3M
RETAIL STORES
Est. value
$14.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.5M
AUTO REPAIR, GARAGE
Est. value
$12.4M
COMMERCIAL (GENERAL)
Est. value
$11.5M
INDUSTRIAL (GENERAL)
Est. value
$10.7M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1978
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
2.88 ac
Current owner
From public records · entity-resolved
Morse Investment Partners LLC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2024
—
Morse Investment Partners LLC
—
Deed
related
$3,976,000 · Cdc Small Business Finance Corp
Aug 19, 2024
—
Morse Investment Partners LLC
—
Deed
related
$5,552,250 · Ventura County Cu
Apr 15, 2024
$11,000,000
Morse Investment Partners LLC
Asl Fund 13 LLC
Grant Deed
$8,555,000 · Asl Fund 13 LLC
Apr 1, 2021
$2,800,000
Asl Fund 13 LLC
Gahc4 Sacramento Ca Alf LLC
Grant Deed
$5,600,000 · Wilshire Finance Partners INC
Jun 29, 2017
$4,500,000
Gahc4 Sacramento Ca Alf LLC
Nazareth Park Place LLC
Grant Deed
—
Dec 4, 2009
—
Nazareth Park Place LLC
Park Sacramento
Grant Deed
$2,750,000 · Zions First National Bank
—
—
Nazareth Park Place LLC
—
Deed Of Trust
related
$2,335,000 · Miscellaneous Ins Co
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.
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