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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2131 Capitol Ave Sacramento, CA 95816-6049

    • Medical offices
    • 21,693 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Sep 03, 2020
    $2,486,000
    Value Estimations
    $2,995,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2711777
    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.

    Current Use by Public Records

    • Alexandra Garton / Marriage Or Relationship Counselor
    • Dr. Scott Saberniak DC, CFSC / Alternative Medicine Practice
    • Alexander F. Goncalves, OD / Physician
    • Nelda Villanueva / Dental Office
    • Daylyn Musante / Foster Care Service / Social Service Agency

    Property Details for 2131 Capitol Ave

    Year built
    1963
    Construction
    TILT-UP CONCRETE
    Lot size
    0.29 lot acres
    Property size
    21,693 SF
    Zone code
    RO-SPD
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    007-0151-022-0000
    APU
    701510220000

    Description

    This Class A, six-story office building in Sacramento County offers 35,143 square feet of vacant space, divisible into units ranging from 1,064 to 9,394 contiguous square feet. Located on Capitol Avenue, the building boasts a total of 57,000 square feet and features recently renovated common areas with attractive finishes, including a unique sawtooth-style ceiling and new lighting. Tenants enjoy high ceilings, extensive window lines, and a shared conference room. The prime location is less than two blocks from the California State Capitol building, offering easy access to light rail, numerous restaurants, shopping, and the vibrant Downtown Commons (DoCo) entertainment district. Its proximity to City Hall, the County Courthouse, Federal Courthouse, Golden 1 Center, and the Sacramento Convention Center makes it an ideal location for businesses seeking high visibility and convenient access to key city amenities. The building is also adjacent to the city's largest public parking garage and within walking distance of major hotels. This exceptional property presents a unique opportunity for businesses seeking a prestigious and well-connected office space in the heart of Sacramento.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,285,000
      ML approach
      $3,280,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,879,000
      Market price range: $822k - $3.74M

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.479
    Latitude
    38.5731
    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
    $54,382
    $1,213,076
    $3,172,886
    $4,385,962
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,465,000
      20,248 SF

      3701 J St

      MEDICAL BUILDING • 20,248 SF
      3701 J St, Sacramento, CA 95816-5562
      View Details
    • Value Estimation
      $1,265,000
      8,445 SF

      3835 J St

      MEDICAL BUILDING • 8,445 SF
      3835 J St, Sacramento, CA 95816-5520
      View Details
    • Value Estimation
      $810,000
      3,760 SF

      1273 32nd St

      MEDICAL BUILDING • 3,760 SF
      1273 32nd St, Sacramento, CA 95816-5209
      View Details
    • Value Estimation by Request
      4,500 SF

      2801 O St

      MEDICAL BUILDING • 4,500 SF
      2801 O St, Sacramento, CA 95816-6410
      View Details
    • Value Estimation
      $2,865,000
      0.15 Acres

      2123 Capitol Ave

      MEDICAL BUILDING • 0.15 Acres
      2123 Capitol Ave, Sacramento, CA 95816-5720
      View Details
    • Value Estimation
      $3,000,000
      0.04 Acres

      1315 Alhambra Blvd

      MEDICAL BUILDING • 0.04 Acres
      1315 Alhambra Blvd, Sacramento, CA 95816-5244
      View Details

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    Similar Nearby for Lease

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      Freestanding Building with Divisible Space

      Freestanding building divisible to ±10,000 sq. ft. for lease.
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      View Details
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    Sacramento, CA 95816-6049
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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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