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Property profile & analytics
OFF-MARKET
Estimated value
$20,775,000
Medical Office Space
2155 Iron Pt Rd Folsom, CA 95630-8707
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1015104
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
STEEL FRAME
Total area
121,378 SF
Lot
11.29 ac (491,792 SF)
Zoning code
M-L (PD)
APN
072-1190-086-0000
UPID
US09-1015104
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
-
Health Education Hospital
-
Dr. Anisul Aslam, MD Physician
-
Dr. James A. Siy, MD Physician
-
Glenn R. Powers, PhD Physician
-
Pediatrics Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.01M
Comparable Approach
Comparable
$18.98M
Blend (final)
Blend
$20.78M
Owner & transaction history
Kaiser Foundation Health Plan · 9 yrs held
Kaiser Foundation Health Plan
since 2016
5 recorded transactions
Zoning & alternative use
M-L (PD) · Folsom, 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 Folsom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Folsom 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%
$20,590,000
6.5%
$19,005,000
7%
$17,650,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$31,600,000
Current use
AUTO REPAIR, GARAGE
$31,340,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$28,355,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$20.78M
Range $18.70M – $22.85M · ±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
$171 / 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
$51,409
Tax year 2024
Assessed value
$58,598,214
Assessed 2024
Previous assessed
$58,598,214
+0.0% YoY
Effective rate
0.09%
On assessed value
Assessed land
$8,397,180
Assessed improvement
$50,201,034
Applied tax rate
4.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
3
Total area
121,378 SF
Lot
11.29 ac (491,792 SF)
Zoning code
M-L (PD)
APN
072-1190-086-0000
UPID
US09-1015104
Jurisdiction
SACRAMENTO
Zoning & alternative use
M-L (PD) · Folsom, CA
Zoning M-L (PD) · permitted uses
M-L (PD) · Folsom, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Folsom. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$31.6M
AUTO REPAIR, GARAGE
Est. value
$31.3M
COMMERCIAL (GENERAL)
Est. value
$28.4M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (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
2002
Construction
STEEL FRAME
Heating
NONE
Stories
3
Buildings
2
Lot
11.29 ac
Current owner
From public records · entity-resolved
Kaiser Foundation Health Plan
Individual
Mailing address
1800 HARRISON ST, OAKLAND, CA 94612-3416
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2016
$51,500,000
Kaiser Foundation Health Plan
Ims Associates LLC
Grant Deed
—
Mar 17, 2009
$6,310,000
Ims Associates LLC
Kais LLC
Grant Deed
—
Oct 30, 2003
—
Kais LLC
Evergreen/zinfandel 69
Grant Deed
$32,600,000 · Bear Stearns Commercial Mtg
Sep 20, 2001
—
Evergreen/folsom Corporate Ctr
Bradville INC
Grant Deed
related
—
—
—
Kais LLC
—
Deed Of Trust
related
$31,840,000 · Cibc INC
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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