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Property profile & analytics
OFF-MARKET
Office buildings
3958 Martin Luther King Jr Blvd Sacramento, CA 95820-2723
Individually Owned
6-yr Hold
Free & Clear
Property ID
US10-2985340
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1953
Construction
TILT-UP CONCRETE
Total area
3,360 SF
Lot
0.11 ac (4,911 SF)
Zoning code
C-1
APN
020-0062-015-0000
UPID
US10-2985340
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
-
I CARE High School Vocational School
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
Philip Malaspina · 6 yrs held
Philip Malaspina
since 2019
7 recorded transactions
Zoning & alternative use
C-1 · Sacramento, 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 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
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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,673
Tax year 2024
Assessed value
$281,005
Assessed 2024
Previous assessed
$281,005
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$107,231
Assessed improvement
$173,774
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1953
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
3,360 SF
Lot
0.11 ac (4,911 SF)
Zoning code
C-1
APN
020-0062-015-0000
UPID
US10-2985340
Jurisdiction
SACRAMENTO
Zoning & alternative use
C-1 · Sacramento, CA
Zoning C-1 · permitted uses
C-1 · 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.
Building & site characteristics
From public records
Year built
1953
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Philip Malaspina
Individual
Free & Clear · 6 yrs held
Mailing address
3958 MARTIN LUTHER KING JR BLVD, SACRAMENTO, CA 95820-2723
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2019
—
Philip Malaspina
Malaspina,kimberly D
Quit Claim Deed
related
—
Aug 22, 2019
$70,000
Philip Malaspina
Rocco,phillip W & Kathleen F
Grant Deed
—
Jul 1, 2009
$258,345
Greg Blunden
Foreclosure Co
Trustees Deed
related
—
Apr 22, 2008
—
Hrh Ents LLC
Gaffney,travis
Grant Deed
$240,000 · Greg & Pamela Blunden
May 9, 2005
—
Joseph Y Lilley
Lilley,joseph Y
Quit Claim Deed
—
Dec 23, 2004
$10,000
Joseph Y Lilley
Gaffney,doreen C
Grant Deed
—
Nov 19, 1996
—
Doreen C Gaffney
Gaffney,travis D
Quit Claim Deed
related
$65,000 · Beneficial California INC
Nov 19, 1996
$275,000
Gaffney,doreen C
Maharaj,ram P
Trustees Deed
—
Dec 20, 1995
$105,288
Ram P Maharaj
Gaffney,doreen
Trustees Deed
—
Sep 9, 1994
$110,000
Gaffney,doreen
Maharaj,ram P
Trustees Deed
$100,000 · Seller
Sep 9, 1994
—
Doreen Gaffney
Gaffney,travis D
Quit Claim Deed
related
—
—
—
Hrh Ents LLC
—
Deed Of Trust
related
$200,000 · Joe Lilley
—
—
Travis Gaffney
—
Deed Of Trust
related
$1,300 · Two Rivers Investment
—
—
Hrh Ents LLC
—
Deed Of Trust
related
$5,000 · Eskinder Taddese
—
—
Doreen Gaffney
—
Deed Of Trust
related
$4,550 · Holt & Company INC
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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