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Property profile & analytics
OFF-MARKET
Medical Office Space
2660 Covell Blvd, Davis, CA 95616-5645
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-2590082
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1994
Construction
WOOD
Lot
2.26 ac (98,445 SF)
Zoning code
P-D
APN
036-691-001-000
UPID
US09-2590082
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
-
U C Davis Medical Group: Sprinkle Ron MD Physician
-
Dr. Ronnie V. Sprinkle, MD Pediatrician Physician
-
Yang Wendy MD Physician
-
Dr. Paul C. Riggle, MD Pediatrician Physician
-
Tanji Jeffrey L MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Aspen Court Partners LP · 13 yrs held
Aspen Court Partners LP
since 2012
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$5,818
Tax year 2023
Assessed value
$6,554,891
Assessed 2023
Previous assessed
$6,554,891
+0.0% YoY
Effective rate
0.09%
On assessed value
Assessed land
$331,416
Assessed improvement
$6,223,475
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
Year built
1994
Construction
WOOD
Heating
YES
Lot
2.26 ac (98,445 SF)
Zoning code
P-D
APN
036-691-001-000
UPID
US09-2590082
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
Year built
1994
Construction
WOOD
Heating
YES
Lot
2.26 ac
Current owner
From public records · entity-resolved
Aspen Court Partners LP
Entity
Mailing address
2001 2ND ST STE #4, DAVIS, CA 95618-5476
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2023
—
West Davis Medical Building LP
—
Deed
related
$7,500,000 · River City Bank
Jul 31, 2012
—
Aspen Court Partners LP
West Davis Associates
Quit Claim Deed
$3,750,000 · Bank Of Sacramento
Apr 3, 2006
$463,000
Jnj Trust
Glacier Circle Senior Cmnty In
Grant Deed
—
Dec 9, 2004
$720,000
Circle Senior Cmnty In Glacier
West Davis Associates
Grant Deed
—
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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