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Property profile & analytics
OFF-MARKET
Estimated value
$2,395,000
Strip malls
2800 Broadway Sacramento, CA 95817-1134
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-3350487
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
TILT-UP CONCRETE
Total area
6,799 SF
Lot
0.07 ac (3,028 SF)
Zoning code
C-2
APN
010-0244-002-0000
UPID
US09-3350487
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
-
Knowledge Massage Alternative Medicine Practice Spa & Massage Center
-
Western Union Bank Credit Union
-
Golden Dragon Restaurant Restaurant
-
Broadway Wash & Dry (Bike/Boat/Book/etc) Store
-
California Check Cashing Stores Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.40M
CAP Approach
CAP
$1.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.40M
Owner & transaction history
Midtown Broadway LLC · 1 yrs held
Midtown Broadway LLC
since 2024
Last sale
$2.4M
6 recorded transactions
Zoning & alternative use
C-2 · Sacramento, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.4M
+57.2%
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
$2,395,000
ML approach
$2,395,000
CAP Approach
CAP Return
Estimation
6%
$2,130,000
6.5%
$1,970,000
7%
$1,825,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,135,000
Current use
RESTAURANT
$3,350,000
Change: +57% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,015,000
Change: -6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,740,000
Change: -18% · Conversion: Difficult
MEDICAL BUILDING
$1,730,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.40M
Range $2.16M – $2.63M · ±10% · vs last sale $2.39M (Jul 24 2024)
Last sale anchor
$2.39M
Jul 24 2024
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
$352 / 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
$2,634
Tax year 2024
Assessed value
$66,467
Assessed 2024
Previous assessed
$66,467
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$66,467
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
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
6,799 SF
Lot
0.07 ac (3,028 SF)
Zoning code
C-2
APN
010-0244-002-0000
UPID
US09-3350487
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.1M
RESTAURANT
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Midtown Broadway LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2800 BROADWAY DR, SACRAMENTO, CA 95817-1134
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jul 31, 2024
—
Midtown Broadway LLC
Tony Kin Leung
Re-recorded Document
related
—
Jul 24, 2024
$2,394,000
Midtown Broadway LLC
Tony Kin Leung
Grant Deed
—
Dec 14, 2005
—
Leung Nui K C Trust
Leung Tak K & N K C Trust
Quit Claim Deed
related
—
Jun 15, 2001
$900,500
Leung Trust
Broadway Center
Grant Deed
—
Jan 5, 1994
—
Bruce Mintzer
—
Grant Deed
related
$648,000 · Bank Of America
Nov 30, 1984
$135,000
Bruce Mintzer
Barton,frank
Grant Deed
related
$58,330
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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