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Property profile & analytics
OFF-MARKET
Estimated value
$4,265,000
Motels
228 Jibboom St Sacramento, CA 95811-0108
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-0900914
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1973
Construction
TILT-UP CONCRETE
Total area
28,427 SF
Lot
1.18 ac (51,400 SF)
Zoning code
C-2-SPD
APN
001-0012-018-0000
UPID
US09-0900914
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
-
Quality Inn & Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.27M
Owner & transaction history
Skavp Enterprises LP · 4 yrs held
Skavp Enterprises LP
since 2021
7 recorded transactions
Zoning & alternative use
C-2-SPD · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,730,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,720,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$4.27M
Range $3.84M – $4.69M · ±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
$150 / 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
$134,788
Tax year 2024
Assessed value
$5,793,256
Assessed 2024
Previous assessed
$5,793,256
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$1,776,554
Assessed improvement
$4,016,702
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1973
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
2
Units
70
Total area
28,427 SF
Lot
1.18 ac (51,400 SF)
Zoning code
C-2-SPD
APN
001-0012-018-0000
UPID
US09-0900914
Jurisdiction
SACRAMENTO
Zoning & alternative use
C-2-SPD · Sacramento, CA
Zoning C-2-SPD · permitted uses
C-2-SPD · 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
OFFICE BUILDING
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$6.7M
OFFICE BUILDING
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
1973
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
2
Units
70
Lot
1.18 ac
Current owner
From public records · entity-resolved
Skavp Enterprises LP
Entity
Mailing address
228 JIBBOOM ST, SACRAMENTO, CA 95811-0108
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2021
—
Skavp Enterprises LP
Vitarag Hospitality INC
Grant Deed
—
Jul 16, 2021
—
Vitarag Hospitality INC
Skavp LP
Grant Deed
—
Dec 9, 2020
—
Skavp LP
Vitarag Hospitality INC
Quit Claim Deed
related
—
Oct 2, 2019
—
Vitarag Hospitality INC
Skav LP
Quit Claim Deed
related
$4,680,000 · State Bk/india (ca)
Mar 8, 2016
—
Skav LP
Patel,shirish B & Jagrutiben
Quit Claim Deed
related
—
Feb 23, 2016
—
Shirish B Patel
Vitarag Hospitality INC
Grant Deed
—
Jun 23, 2014
—
Vitarag Hospitality INC
Patel,shirish B & Jagrutiben S
Quit Claim Deed
$3,400,000 · Bbcn Bk
Oct 28, 2010
—
Shirish B Patel
Patel,shirishkumar B & Jagrutiben S
Quit Claim Deed
related
$1,850,000 · Bank Of East Asia
Apr 14, 2005
$2,027,500
Shirishkumar B Patel
Patel,manhar V
Grant Deed
related
$1,024,065 · Asset Preservation
Sep 18, 2000
$3,060,000
Patel,manhar V
Devailia Corp
Trustees Deed
$2,425,000 · Bank Of The West
Sep 18, 2000
—
Maharishi University Mgmt
Devailia Corp
Quit Claim Deed
related
—
Jun 17, 1996
—
Devalila Corp
Meyer Motels Ltd
Grant Deed
related
—
Jul 11, 1994
—
Meyer Motels Ltd
—
Deed Of Trust
related
$27,500,000 · Wells Fargo Bank
—
—
Manhar V Patel
—
Deed Of Trust
related
$923,000 · Greater Sacramento Certified
—
—
Myer Motels Ltd
—
Deed Of Trust
related
$10,000,000 · Wells Fargo Bank
—
—
Shirish B Patel
—
Deed Of Trust
related
$125,000 · Ramesh M & Urvashiben R Patel
—
—
Benvenuti Prop D
—
Deed Of Trust
related
$510,000 · N 10th Street Bu
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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