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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Warehouses
401 1st Ave Sacramento, CA 95818-2972
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-3361224
Property summary
AI-generated overview
This exceptional 28,184 square foot parcel, located at 401 1st Avenue in Sacramento, CA 95818, presents a unique investment opportunity. Zoned M-1, this property is ideally situated within the West Broadway Specific Plan, directly adjacent to The Mill at Broadway, a thriving high-density residential development. Its strategic location at the intersection of Interstates 5 and 80, and Highway 50, provides unparalleled access to major transportation arteries, maximizing its potential for a variety of uses. The property's Assessed Parcel Number (APN) is 009-0237-017. This infill site offers significant potential for developers seeking to capitalize on Sacramento's robust growth. The asking price is $845,000. The property's designation as an Opportunity Zone further enhances its investment appeal. This land is perfect for owner-users or developers looking to create a high-impact project in a prime Sacramento location. Don't miss this chance to acquire a highly desirable development site in a rapidly growing area.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1983
Total area
1,472 SF
Lot
0.65 ac (28,184 SF)
Zoning code
C-2
APN
009-0237-017-0000
UPID
US09-3361224
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$770k
Owner & transaction history
401 1st Avenue LLC · 5 yrs held
401 1st Avenue LLC
since 2021
Last sale
$775,000
2 recorded transactions
Zoning & alternative use
C-2 · 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
Method
Estimation
Statistic approach
$970,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $775k (Jun 16 2021)
Last sale anchor
$775k
Jun 16 2021
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
$523 / 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
$12,756
Tax year 2024
Assessed value
$822,436
Assessed 2024
Previous assessed
$822,436
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$822,436
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1983
Heating
NONE
Buildings
2
Stories
1
Total area
1,472 SF
Lot
0.65 ac (28,184 SF)
Zoning code
C-2
APN
009-0237-017-0000
UPID
US09-3361224
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.
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Stories
1
Buildings
2
Lot
0.65 ac
Current owner
From public records · entity-resolved
401 1st Avenue LLC
Entity
Mailing address
PO BOX 1690, DIAMOND SPRINGS, CA 95619-1690
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2021
$775,000
401 1st Avenue LLC
Gary A Saccani
Grant Deed
$350,000 · Ken Wong
May 28, 2013
—
Saccani,r & V Family Trust
Saccani,roland
Affidavit Of Death
related
—
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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