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Property profile & analytics
FOR LEASE
Medical Office Space
391 Howe Ave Sacramento, CA 95825
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1028588
For Lease
1 / 2
$3,150,000
391 Howe Ave, Sacramento, CA 95825
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1972
Construction
WOOD
Total area
13,507 SF
Lot
0.83 ac (35,980 SF)
Zoning code
C-1-PUD
APN
295-0402-001-0000
UPID
US09-1028588
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
-
Wais Tarrar Pediatrician Physician
-
Jaswant Virk Physician
-
JOSEPH FLORES Physician
-
AIMS Urgent Care Medical Clinic
-
Smith & Associates Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.15M
CAP Approach
CAP
$3.20M
Comparable Approach
Comparable
$2.86M
Blend (final)
Blend
$3.15M
Owner & transaction history
Axel Pro Properties LLC · 1 yrs held
Axel Pro Properties LLC
since 2024
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
C-1-PUD · Sacramento, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.2M
+50.1%
Retail stores
$4.1M
+43.4%
Apartment house (5+ units)
$4.0M
+43.0%
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
$3,150,000
ML approach
$3,150,000
CAP Approach
CAP Return
Estimation
6%
$3,465,000
6.5%
$3,200,000
7%
$2,970,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,820,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,235,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$4,050,000
Change: +43% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,035,000
Change: +43% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,455,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,195,000
Change: +13% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,960,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$3.15M
Range $2.84M – $3.47M · ±10% · vs last sale $3.15M (Oct 11 2024)
Last sale anchor
$3.15M
Oct 11 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
$233 / 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
$32,024
Tax year 2024
Assessed value
$2,495,253
Assessed 2024
Previous assessed
$2,495,253
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$667,333
Assessed improvement
$1,827,920
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1972
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Total area
13,507 SF
Lot
0.83 ac (35,980 SF)
Zoning code
C-1-PUD
APN
295-0402-001-0000
UPID
US09-1028588
Jurisdiction
SACRAMENTO
Zoning & alternative use
C-1-PUD · Sacramento, CA
Zoning C-1-PUD · permitted uses
C-1-PUD · 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
MEDICAL BUILDING Current
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
RETAIL STORES
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1972
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Lot
0.83 ac
Current owner
From public records · entity-resolved
Axel Pro Properties LLC
Entity
Mailing address
3860 EL DORADO HLS BLVD STE #601, EL DORADO HILLS, CA 95762-4563
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2024
$3,150,000
Axel Pro Properties LLC
Md3 Properties LLC
Grant Deed
$2,677,500 · Bank Of America NA
Jul 29, 2015
$2,150,000
Md3 Properties LLC
391 Partners LLC
Grant Deed
$980,000 · Jpmorgan Chase Bank NA
Oct 29, 2002
—
391 Partners
Bank Of America
Grant Deed
related
—
Sep 5, 1991
$1,850,000
Southwes Pacific
Resolution Trust
Quit Claim Deed
related
—
—
—
Md3 Properties LLC
—
Deed Of Trust
related
$1,009,000 · Mortgage Cap Dev
—
—
391 Partners
—
Loan Modification
related
$1,155,000 · Wells Fargo Bank
—
—
391 Partners
—
Deed Of Trust
related
$2,000,000 · Wells Fargo 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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