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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Medical Office Space
2330 Covell Blvd, Davis, CA 95616-5658
Trust Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1549730
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Lot
1.1 ac (47,916 SF)
Zoning code
P-D
APN
036-701-019-000
UPID
US09-1549730
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
-
Priscilla Ching, NP Physician
-
Andy Y. Zhu, MD Pediatrician Physician
-
Corinne Case, PA-C Pediatrician Physician
-
Dr. Pamela O. Petersen, MD Pediatrician Medical Clinic
-
Christopher A Phillips, NP Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
Sherman Trust · 20 yrs held
Sherman Trust
since 2005
6 recorded transactions
Zoning & alternative use
P-D · Davis, 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 Davis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davis 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
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$51,862
Tax year 2023
Assessed value
$4,342,232
Assessed 2023
Previous assessed
$4,342,232
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$161,302
Assessed improvement
$4,180,930
Applied tax rate
1.0000
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
Heating
NONE
Lot
1.1 ac (47,916 SF)
Zoning code
P-D
APN
036-701-019-000
UPID
US09-1549730
Jurisdiction
YOLO
Zoning & alternative use
P-D · Davis, CA
Zoning P-D · permitted uses
P-D · Davis, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Davis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1.1 ac
Current owner
From public records · entity-resolved
Sherman Trust
Trust
Mailing address
2001 2ND ST STE #4, DAVIS, CA 95618-5476
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2026
—
West Davis Associates LP
—
Deed
related
$2,150,000 · River City Bank
Jul 21, 2005
—
Sherman Trust
Sherman,steve & Lois G
Quit Claim Deed
related
—
Jun 30, 2005
—
Steve Sherman
Sherman Trust
Quit Claim Deed
related
$450,000 · First Horizon Home Loan Corp
Mar 21, 2005
—
West Davis Associates
—
Trustees Deed
related
$5,600,000 · Bank Of Sacramento
Nov 24, 2004
$245,000
Sherman Trust
West Davis Associates
Grant Deed
—
—
—
West Davis Associates LP
—
Deed Of Trust
related
$2,750,000 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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