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Property profile & analytics
FOR SALE
Medical Office Space
515 Michigan Blvd West Sacramento, CA 95691
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-5387482
For Sale
1 / 2
$895,000
515 Michigan Blvd, West Sacramento, CA 95691
View Listing →
Property summary
AI-generated overview
This exceptional 3,707 square foot freestanding commercial building in West Sacramento, California, presents a unique investment opportunity. Situated on a 0.38-acre lot at the highly visible corner of Jefferson Boulevard and Michigan Boulevard, this two-story building offers convenient access to Highway 80. Built in 1985, the property features a single tenancy and boasts ADA accessibility, including restrooms and a stair lift. The Central Business District zoning allows for diverse uses, including retail, office, restaurant, assembly, veterinary services, and even residential on the upper floor (verification with the City of West Sacramento is recommended). Currently configured as a medical office, the space includes multiple exam rooms with sinks, a reception area, a waiting room, and two restrooms on each level. The property also includes a gated, fenced lot with 16 parking spaces. The APN is 008-140-081-000, located in Yolo County, CA, 95691. This versatile property is available for sale or lease and is ready for its next chapter. The building has one elevator.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Lot
0.38 ac (16,764 SF)
Zoning code
R-4
APN
008-140-081-000
UPID
US09-5387482
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
-
Live Well Med Center Physician
-
Priscilla Np Ching Physician
-
Fine Harmony Health Clinic Medical Clinic
-
Cesar Dua Pediatrician Medical Clinic
-
Dr. David Kyle Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$825k
Owner & transaction history
Nabil Hanania Separate Property Tru · 1 yrs held
Nabil Hanania Separate Property Tru
since 2025
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
R-4 · West 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 West Sacramento submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$870,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $750k (Apr 29 2022)
Last sale anchor
$750k
Apr 29 2022
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
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,350
Tax year 2023
Assessed value
$765,000
Assessed 2023
Previous assessed
$765,000
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$163,200
Assessed improvement
$601,800
Applied tax rate
4.0000
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 Sale
Year built
1985
Heating
NONE
Lot
0.38 ac (16,764 SF)
Zoning code
R-4
APN
008-140-081-000
UPID
US09-5387482
Jurisdiction
YOLO
Zoning & alternative use
R-4 · West Sacramento, CA
Zoning R-4 · permitted uses
R-4 · West Sacramento, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Sacramento. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Lot
0.38 ac
Current owner
From public records · entity-resolved
Nabil Hanania Separate Property Tru
Entity
Mailing address
117 DAWN RIV WAY, FOLSOM, CA 95630-5047
Ownership since
2025
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
Jul 18, 2025
$775,000
Nabil Hanania Separate Property Tru
2006 Sl Family Trust
Grant Deed
—
Jul 18, 2025
—
Sonia Martin Khoury
Samuel Sherman Martin
Quitclaim Deed
related
—
Apr 29, 2022
$750,000
Salmeh J Naser
Ling Jing Enterprises LP
Grant Deed
—
Dec 31, 2007
—
Ling Jing Ents
Ib Property Holdings LLC
Grant Deed
—
Apr 26, 2007
$510,000
Ib Property Holdings LLC
Specialized INC
Trustees Deed
related
—
Mar 29, 2006
$595,000
Tamaira Sandifer
Lawrence Garcia
Individual Deed
$446,250 · Bayview Financial Small Business Fu
Mar 29, 2006
—
Tamaira Sandifer
Sandifer,antoine
Quit Claim Deed
related
—
Sep 4, 2003
—
Garcia,tr
Garcia,lawrence & Nancy E
Quit Claim Deed
related
—
Mar 4, 2002
—
Nancy E Garcia
Garcia,lawrence & Nancy E
Quit Claim Deed
related
—
—
—
Ling Jing Ents
—
Deed Of Trust
related
$337,500 · Bank Of The West
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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