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Property profile & analytics
FOR LEASE
Medical Office Space
4360 Arden Way Sacramento, CA 95864
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-0090439
For Lease
1 / 8
$1,490,000
4360 Arden Way, Sacramento, CA 95864
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Property summary
AI-generated overview
This exceptional executive office building at 4360 Arden Way in Sacramento, California, offers a rare opportunity for businesses seeking flexible and prestigious space. Located in Sacramento County, zip code 95864, the property boasts a total of 11,907 square feet, spread across two suites. Currently, 7,498 square feet of high-quality office space is available for lease, offering multiple tenancy options. Individual suites range from a minimum of 1,075 square feet to a maximum contiguous space of 6,423 square feet, providing flexibility to accommodate various business needs and sizes. The building provides ample parking with 20 spaces available for tenants and their clients. This prime location in Sacramento offers easy access to major transportation routes and is ideally situated for businesses seeking a prominent address in a thriving commercial area. The property is classified as an Executive Office and Commercial space, ensuring a professional and sophisticated environment. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this exceptional location.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1968
Construction
WOOD
Total area
6,708 SF
Lot
0.39 ac (16,897 SF)
Zoning code
BP
APN
289-0011-004-0000
UPID
US09-0090439
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
-
Arden Park Dental Care Dental Office
-
Shahnaz L. Formoli, DDS Dental Office
-
Heritage Wallcoverings Sacramento Painting Service Renovation Specialist
-
Dr. James Mucci Dental Office
-
Shahnaz Lali Formoli Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.52M
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.49M
Owner & transaction history
Mikellie LLC · 3 yrs held
Mikellie LLC
since 2023
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
BP · Sacramento, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.1M
+23.2%
Apartment house (5+ units)
$2.0M
+16.4%
Auto repair, garage
$1.7M
+0.5%
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
$1,520,000
CAP Approach
CAP Return
Estimation
6%
$1,720,000
6.5%
$1,590,000
7%
$1,475,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,710,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,105,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,985,000
Change: +16% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,715,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,585,000
Change: -7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,470,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±10% · vs last sale $1.42M (Apr 6 2023)
Last sale anchor
$1.42M
Apr 6 2023
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
$222 / 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
$20,103
Tax year 2024
Assessed value
$1,446,360
Assessed 2024
Previous assessed
$1,446,360
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$207,060
Assessed improvement
$1,239,300
Applied tax rate
54.0000
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
1968
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
6,708 SF
Lot
0.39 ac (16,897 SF)
Zoning code
BP
APN
289-0011-004-0000
UPID
US09-0090439
Jurisdiction
SACRAMENTO
Zoning & alternative use
BP · Sacramento, CA
Zoning BP · permitted uses
BP · 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
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1968
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
Mikellie LLC
Entity
Mailing address
4360 ARDEN WAY STE #1, SACRAMENTO, CA 95864-3153
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2023
—
Mikellie LLC
—
Deed
related
$490,000 · Cdc Small Business Finance Corp
Apr 6, 2023
$1,418,000
Mikellie LLC
Jahn Retirement Interests LLC
Grant Deed
$705,000 · Jackson Flagstar Centre Office
Apr 6, 2023
—
Howard A Jahn
Marsha A Jahn
Intrafamily Transfer
related
$476,560 · Jackson Flagstar Centre Office
Jun 18, 2020
—
Howard A Jahn
Jahn Family Trust
Quit Claim Deed
related
—
Apr 7, 2017
$650,000
Jahn Family Trust
Vannelli Properties
Grant Deed
—
Oct 3, 2003
—
Properties Vannelli
Vannelli,richard L & Sheryl N
Quit Claim Deed
related
$550,000 · Sonoma National Bank
May 23, 2003
$790,000
Richard L Vannelli
Charles,hugh M & Deborah A
Grant Deed
related
$450,361 · Hugh M & Deborah A Charles
Sep 9, 1999
—
Hugh M Charles
Charles,hugh M
Quit Claim Deed
related
—
Mar 28, 1991
$530,000
Hugh M Charles
Quessenberry Ira
Grant Deed
$395,000 · Seller
—
—
Rugh M Charles
—
Deed Of Trust
related
$477,000 · Bank Of America
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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