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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Retail space
7988 California Ave Fair Oaks, CA 95628-7140
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3160327
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Construction
TILT-UP CONCRETE
Total area
3,021 SF
Lot
0.14 ac (6,110 SF)
Zoning code
SPA
APN
244-0202-005-0000
UPID
US09-3160327
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
-
Dr Champlin Annex: Scott Bob Physician
-
Reilley Genevieve PHD Physician Medical Clinic
-
Fair Oaks Brew Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$692k
Blend (final)
Blend
$505k
Owner & transaction history
Jj Reed LLC · 2 yrs held
Jj Reed LLC
since 2023
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
SPA · Fair Oaks, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$785,000
+38.1%
Office building
$780,000
+37.3%
Auto repair, garage
$780,000
+36.9%
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 Fair Oaks submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fair Oaks 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
$445,000
ML approach
$475,000
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$560,000
Alternative Use
Use
Estimation
RETAIL STORES
$570,000
Current use
MEDICAL BUILDING
$785,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$780,000
Change: +37% · Conversion: Easy
AUTO REPAIR, GARAGE
$780,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$705,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $500k (Sep 8 2023)
Last sale anchor
$500k
Sep 8 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
$167 / 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
$8,290
Tax year 2024
Assessed value
$675,030
Assessed 2024
Previous assessed
$675,030
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$170,672
Assessed improvement
$504,358
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
3,021 SF
Lot
0.14 ac (6,110 SF)
Zoning code
SPA
APN
244-0202-005-0000
UPID
US09-3160327
Jurisdiction
SACRAMENTO
Zoning & alternative use
SPA · Fair Oaks, CAZoning SPA · permitted uses
SPA · Fair Oaks, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$570,000
MEDICAL BUILDING
Est. value
$785,000
OFFICE BUILDING
Est. value
$780,000
AUTO REPAIR, GARAGE
Est. value
$780,000
COMMERCIAL (GENERAL)
Est. value
$705,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (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
1930
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Jj Reed LLC
Entity
Free & Clear · 2 yrs held
Mailing address
8475 SCENIC VIS WAY, FAIR OAKS, CA 95628-3869
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2023
—
Jj Reed LLC
Jj Reed LLC
Intrafamily Transfer
related
—
Feb 28, 2017
—
Jj Reed LLC
—
Deed
related
$182,000 · Private Individual
Nov 29, 2016
$500,000
Jj Reed LLC
Schmitt Family Trust
Grant Deed
$250,000 · Tri Counties Bank
Apr 14, 2006
—
Schmitt Family Trust
Schmitt,richard J & M J
Quit Claim Deed
related
—
Jul 29, 2004
$345,000
Richard J Schmitt
Applegate,tr
Grant Deed
$262,500 · Auburn Community Bank
Apr 6, 1998
—
Applegate Trust
Applegate,jean O
Quit Claim Deed
related
—
—
—
Jj Reed LLC
—
Deed Of Trust
related
$182,000 · Private Individual
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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