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Property profile & analytics
OFF-MARKET
Estimated value
$3,640,000
Strip malls
2361 Northgate Blvd Sacramento, CA 95833-2504
Trust Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1078765
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1969
Construction
TILT-UP CONCRETE
Total area
29,483 SF
Lot
2.82 ac (122,839 SF)
Zoning code
C-2-SPD
APN
274-0110-052-0000
UPID
US09-1078765
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
-
Harbor Freight Tools Building Supply Hardware & Home Improvement
-
KeyExpress Locksmiths Locksmith (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.26M
Blend (final)
Blend
$3.64M
Owner & transaction history
Ramirez,jose & Elisa Trust · 11 yrs held
Ramirez,jose & Elisa Trust
since 2014
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
Blend value · Realmo final
$3.64M
Range $3.28M – $4.00M · ±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
$123 / 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
$21,363
Tax year 2024
Assessed value
$1,318,850
Assessed 2024
Previous assessed
$1,318,850
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$929,476
Assessed improvement
$389,374
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1969
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
29,483 SF
Lot
2.82 ac (122,839 SF)
Zoning code
C-2-SPD
APN
274-0110-052-0000
UPID
US09-1078765
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.
Building & site characteristics
From public records
Year built
1969
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
2.82 ac
Current owner
From public records · entity-resolved
Ramirez,jose & Elisa Trust
Trust
Mailing address
381 BUSH ST STE #700, SAN FRANCISCO, CA 94104-2812
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2020
—
Northgate Strip LLC
—
Deed
related
$2,990,000 · East West Bk
Oct 5, 2018
—
Northgate Strip LLC
—
Deed
related
$2,800,000 · Logix FCU
Oct 23, 2014
—
Ramirez,jose & Elisa Trust
Ramirez,jose J & Elisa C
Quit Claim Deed
related
—
Aug 25, 2011
—
Northgate Strip LLC
Gabbay,nima D
Quit Claim Deed
related
—
Mar 29, 2011
$1,050,000
Nima Daniel Gabbay
Global Capital Concept INC Fa
Corporation Deed
$928,000 · Global Capital Concept INC Family
Dec 3, 2010
$811,700
Global Capital Concepts INC Fa
California Reconveyance Co
Trustees Deed
related
—
May 16, 2007
—
Northgate Property Investment LLC
Parviz Mouzooni
Grant Deed
$2,900,000 · Washington Mutual Bank
Feb 28, 2002
$1,730,000
Parviz Mouzonni
Ramirez,jose J & Elisa C
Grant Deed
$1,160,000 · Capitol Valley Bank
Nov 26, 1997
$1,470,000
Jose J Ramirez
Northgate Ltd
Grant Deed
—
—
—
Northgate Strip LLC
—
Deed Of Trust
related
$2,990,000 · East West Bk
—
—
Northgate Strip LLC
—
Deed Of Trust
related
$1,000,000 · Cathay Bank
—
—
Northgate Strip LLC
—
Deed Of Trust
related
$2,800,000 · Logix FCU
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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