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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Parking lots & garages
5609 J St Sacramento, CA 95819-3960
Individually Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2212703
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1940
Construction
WOOD
Total area
2,097 SF
Lot
0.18 ac (7,961 SF)
Zoning code
C-2
APN
008-0122-011-0000
UPID
US09-2212703
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
-
Jennifer Treadwell Physician
-
Children's Specialists Medical Physician
-
Dr. Neil Parikh Physician Medical Clinic
-
JEFFREY DANIEL BALDUZZI Physician Medical Clinic
-
Michael Balduzzi Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$665k
Blend (final)
Blend
$530k
Owner & transaction history
Bradley E Chipps · 7 yrs held
Bradley E Chipps
since 2019
4 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
by Request
ML approach
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$435,000
Current use
MEDICAL BUILDING
$360,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10%
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
$253 / 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
$2,943
Tax year 2024
Assessed value
$232,111
Assessed 2024
Previous assessed
$232,111
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$220,507
Assessed improvement
$11,604
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Total area
2,097 SF
Lot
0.18 ac (7,961 SF)
Zoning code
C-2
APN
008-0122-011-0000
UPID
US09-2212703
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.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$435,000
MEDICAL BUILDING
Est. value
$360,000
PARKING LOT Current
MEDICAL BUILDING
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
1940
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Bradley E Chipps
Individual
Free & Clear · 7 yrs held
Mailing address
2140 PROFESSIONAL DR STE #140, ROSEVILLE, CA 95661-3776
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2019
—
Bradley E Chipps
Chipps Family Trust
Quit Claim Deed
related
—
Apr 7, 2017
—
Bradley E Chipps
Bradley E Chipps
Intrafamily Transfer
related
$435,000 · First Citizens Bank & Trust Co
Aug 31, 2015
—
Bradley E Chipps
5609 J LLC
Grant Deed
$450,000 · Wells Fargo Bank NA
Aug 4, 2015
$703,500
5609 J LLC
5609 J Street Building Ptshp
Grant Deed
—
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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