Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3046 Watt Ave Sacramento, CA 95821-3527
    Back to Search
    Property profile & analytics

    3046 Watt Ave, Sacramento, CA 95821-3527

    View on Map
    • Medical Office Space
    • 2,000 SF
    • 0.18 lot acres
    Off-Market
    Last Sale Oct 24, 2023
    $375,000
    Property ID
    US09-2776231
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Samuel S Choi Dental Office / Dental Office

    Property Details for 3046 Watt Ave

    Year built
    1955
    Construction
    WOOD
    Lot size
    0.18 lot acres
    Zone code
    RD-5
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    269-0011-012-0000
    APU
    26900110120000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 24, 2023 $375,000 Mohannad Hawarneh Samuel S Choi Grant Deed —
    Oct 7, 2014 — Choi Family Living Trust Choi,sang J Quit Claim Deed · related —
    Apr 30, 1991 $155,000 Sang J Choi Maclay,william R Grant Deed $220k · Sacramento Commercial Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.383
    Latitude
    38.6206
    CBSA code
    40900
    CBSA name
    SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,577
    $160,000
    $215,000
    $375,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,270,000
      9,928 SF

      3517 Marconi Ave

      MEDICAL BUILDING
      3517 Marconi Ave, Sacramento, CA 95821-5328
      View Details
    • Value Estimation
      $710,000
      4,830 SF

      2835 Eastern Ave

      MEDICAL BUILDING
      2835 Eastern Ave, Sacramento, CA 95821-5400
      View Details
    • Value Estimation by Request
      2,500 SF

      3330 Balmoral Dr

      MEDICAL BUILDING
      3330 Balmoral Dr, Sacramento, CA 95821-6304
      View Details
    • Value Estimation by Request
      2,038 SF

      2906 Darwin St

      MEDICAL BUILDING
      2906 Darwin St, Sacramento, CA 95821-4510
      View Details
    • Value Estimation
      $1,695,000
      13,199 SF

      2821 Eastern Ave

      MEDICAL BUILDING
      2821 Eastern Ave, Sacramento, CA 95821-5445
      View Details
    • Value Estimation
      $2,100,000
      14,822 SF

      4020 El Camino Ave, Unit A3

      MEDICAL BUILDING
      4020 El Camino Ave, Sacramento, CA 95821-6633
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,400 SF

      Medical Office Building Investment

      Net leased medical office building in Sacramento, CA for sale.
      3840 Watt Ave, Sacramento, CA 95821
      View Details
    • Contact for pricing
      29,834 SF

      Sacramento Office Space For Rent

      Office space available for lease in Sacramento, California.
      3325-3327 Longview Dr, Sacramento, CA 95821
      View Details
    • Contact for pricing
      133,799 SF

      Two-Story Office Building For Sale

      Two-story office building totaling 133,799 square feet in Sacramento.
      3600 Marconi Ave, Sacramento, CA 95821
      View Details
    • Contact for pricing
      14,073 SF

      Professional Office Center For Sale

      Gated office center near Watt Ave. and Interstate 80.
      3650 Auburn Blvd, Sacramento, CA 95821
      View Details
    • Contact for pricing

      Remodeled Office Condominium For Sale

      3,077 SF office condominium with modern finishes, remodeled in 2021.
      Watt Ave, Sacramento, CA 95821
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,620 SF

      Carmichael Medical/General Office Space

      Medical/general office suites available in Carmichael, California.
      3637 Mission Ave, Carmichael, CA 95821
      View Details
    • $500 /Mo

      Executive Office Unit For Lease

      Office unit for lease in a high visibility location.
      3117 El Camino Ave, Sacramento, CA 95821
      View Details
    • Contact for pricing
      1,491 SF

      Remodeled Office Space For Rent

      Class B office space with recent remodeling and ample parking.
      3800 Watt Ave, Sacramento, CA 95821
      View Details
    • Contact for pricing
      2,857 SF

      Sacramento Office Building For Sale

      Office building totaling 83783 SF with retail amenities.
      2825-2829 Watt Ave, Sacramento, CA 95821
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3046 Watt Ave
    Sacramento, CA 95821-3527
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3046 Watt Ave, Sacramento, CA, 95821
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!