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Property profile & analytics
OFF-MARKET
Estimated value
$3,240,000
Retail properties & Spaces
2421 Del Paso Blvd Sacramento, CA 95815-2508
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2921913
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1988
Construction
TILT-UP CONCRETE
Total area
26,968 SF
Lot
2.99 ac (130,244 SF)
Zoning code
C-2
APN
263-0252-028-0000
UPID
US09-2921913
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
-
OpConnect Charging Station Electric Vehicle Charging Station
-
O'Reilly Auto Parts Auto Parts Store
-
Allan Appliance's Repair Service Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.17M
Blend (final)
Blend
$3.24M
Owner & transaction history
Ocean Queen USA LLC · 8 yrs held
Ocean Queen USA LLC
since 2018
7 recorded transactions
Zoning & alternative use
C-2 · 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
RETAIL STORES
$2,790,000
Current use
Blend value · Realmo final
$3.24M
Range $2.92M – $3.56M · ±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
$120 / 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
$55,961
Tax year 2024
Assessed value
$3,108,946
Assessed 2024
Previous assessed
$3,108,946
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$1,160,137
Assessed improvement
$1,948,809
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
26,968 SF
Lot
2.99 ac (130,244 SF)
Zoning code
C-2
APN
263-0252-028-0000
UPID
US09-2921913
Jurisdiction
SACRAMENTO
Zoning & alternative use
C-2 · Sacramento, CA
Zoning C-2 · permitted uses
C-2 · 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
RETAIL STORES Current
Est. value
$2.8M
RETAIL STORES Current
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
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
2.99 ac
Current owner
From public records · entity-resolved
Ocean Queen USA LLC
Entity
Mailing address
1650 DELTA CT, HAYWARD, CA 94544-7043
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2018
$4,500,000
Ocean Queen USA LLC
Yee 2007 Family Trust
Trustees Deed
$2,925,000 · Cathay Bk
Jan 30, 2013
—
Shen Qi Y Family 2007 Trust
—
Deed Of Trust
related
$3,575,000 · Cathay Bank
Oct 13, 2009
—
Yee Family 2007 Trust
Yee,kam F
Affidavit Of Death
related
—
Sep 12, 2008
—
Yee Family 2007 Trust
Yee Family 2007 Trust
Quit Claim Deed
related
—
Oct 22, 2007
—
Yee Family 2007 Trust
Yee,kam F
Quit Claim Deed
related
—
Aug 14, 2006
$5,520,000
Kam F Yee
Stenberg,erland & Mary A
Grant Deed
$3,836,000 · Cathay Bank
Aug 14, 2006
—
Kam F Yee
Stenberg,erland & Mary A
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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