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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Investment properties
2830 I St Sacramento, CA 95816-4311
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0030153
Property summary
AI-generated overview
The Jeffery Building, a three-story, 5,013 square foot Class B office building located at 2830 I St, Sacramento, CA 95816, presents a compelling investment opportunity. Built in 1915 and renovated in 1962, this stabilized property boasts 100% occupancy with 16 tenants across 17 units, generating a strong NOI of $131,200 and a 7.00% cap rate. The asking price is $1,875,000, translating to $374.03 per square foot and $110,294.12 per unit. The property features a gross lease structure and sits on a 3,200 square foot lot. Its prime Midtown location offers easy access to I-80, public transportation, and numerous restaurants and businesses. The building's tenant base is primarily comprised of mental and physical health therapists, providing a market-resilient income stream. Over 50% of tenants have occupied the space for three or more years, and over 70% are on lease renewals. Amenities include a common kitchen area and two bathrooms. This property is ideal for investors seeking a 1031 exchange due to its stable income and high occupancy rate. The APN is 007-0044-010. The property is suitable for creative, medical, and traditional office uses.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1915
Construction
WOOD
Total area
5,013 SF
Lot
0.07 ac (3,200 SF)
Zoning code
C-2-SPD
APN
007-0044-010-0000
UPID
US09-0030153
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
-
Robin Kurland MFT inc Counselor
-
Ray Jennifer M Physician Medical Clinic
-
Terri L. Ciochetti, MFT Psychotherapist
-
Martin Jennifer DC Alternative Medicine Practice
-
Sacramento Institute for Psychotherapy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.50M
Owner & transaction history
Lmd Associates LLC · 1 yrs held
Lmd Associates LLC
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
C-2-SPD · Sacramento, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+87.1%
Apartment house (5+ units)
$1.7M
+30.1%
Neighborhood: shopping center
$1.6M
+19.0%
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
$1,500,000
ML approach
$1,500,000
CAP Approach
CAP Return
Estimation
6%
$1,155,000
6.5%
$1,065,000
7%
$990,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,320,000
Current use
RESTAURANT
$2,470,000
Change: +87% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,720,000
Change: +30% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,570,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$1,440,000
Change: +9% · Conversion: Easy
RETAIL STORES
$1,300,000
Change: -2% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,285,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$1,275,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.50M (Dec 23 2024)
Last sale anchor
$1.50M
Dec 23 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
$299 / 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
$19,313
Tax year 2024
Assessed value
$1,640,466
Assessed 2024
Previous assessed
$1,640,466
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$246,068
Assessed improvement
$1,394,398
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1915
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Total area
5,013 SF
Lot
0.07 ac (3,200 SF)
Zoning code
C-2-SPD
APN
007-0044-010-0000
UPID
US09-0030153
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
RESTAURANT
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
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
1915
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Lmd Associates LLC
Entity
Mailing address
54 PLEASANT CT, FOSTER CITY, CA 94404-3965
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
—
Lmd Associates LLC
Lmd Associates LLC
Deed
related
$951,450 · Oak Valley Community Bank
May 31, 2019
$1,500,000
Lmd Associates LLC
Hayden Trust
Grant Deed
$1,050,000 · American River Bk
May 25, 2016
$1,725,000
Hayden Trust
Rahimian M & M Fam Trust
Grant Deed
$990,000 · Bank Of The West
Jul 17, 2015
$1,700,000
Rahimian,m & M Family Trust
Real Estate Portfolio Manageme
Grant Deed
—
Oct 16, 2014
—
Real Estate Portfolio Manageme
Real Estate Portfolio LLC
Quit Claim Deed
related
$1,200,000 · Wilshire Fin Ptrs
May 15, 2013
$995,000
Real Estate Portfolio LLC
Lynn,michael P
Grant Deed
—
Sep 21, 2005
—
Michael P Lynn
Lynn,michael P
Quit Claim Deed
related
—
Sep 7, 2005
$1,225,000
Michael P Lynn
Martin,jennifer L
Grant Deed
—
Sep 7, 2005
—
Michael P Lynn
Lynn,angelica
Quit Claim Deed
related
$475,000 · Oates Marvin L Trust
Apr 20, 1999
$340,000
Jennifer Martin
Bankers Trust Co California NA
Grant Deed
$203,250 · Westamerica Bank
Nov 6, 1997
$338,340
Bankers Trust Co Ca Trustee
Schauer,terry & Sharon K
Trustees Deed
related
—
May 17, 1995
$85,000
Arthur H Grandy
Robert K Baker Trust
Grant Deed
related
—
Oct 5, 1994
$1,000
Schauer R T
Homefront Ltd
Grant Deed
related
—
Jan 20, 1993
$1,000
Homefront Ltd
Schauer,r Terry
Grant Deed
related
—
Mar 16, 1990
$75,000
Grandy Arthur H
Deferred Holding
Trustees Deed
related
—
Mar 16, 1990
—
Deferred Holding
Schauer R Terry
Trustees Deed
related
—
Oct 17, 1989
$25,000
R Terry Schauer
Grandy Arthur H
Grant Deed
related
—
Sep 14, 1989
$25,000
R Terry Schauer
Schauer R Terry
Grant Deed
related
—
Nov 30, 1988
$470,000
R Terry Schauer
Home Federal S&l
Grant Deed
$423,000 · Homefed Bank
—
—
Jennifer L Martin
—
Deed Of Trust
related
$550,000 · Westamerica Bank
—
—
Michael P Lynn
—
Deed Of Trust
related
$475,000 · Five Star Bank
—
—
Jennifer Martin
—
Deed Of Trust
related
$200,000 · Edf Resource Capital INC
—
—
Michael P Lynn
—
Deed Of Trust
related
$475,000 · Five Star Bank
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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