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Property profile & analytics
FOR LEASE
Community centers
8121 Madison Ave Fair Oaks, CA 95628
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3105522
For Lease
1 / 16
$9,225,000
8121 Madison Ave, Fair Oaks, CA 95628
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1982
Construction
WOOD
Total area
56,180 SF
Lot
4.39 ac (191,228 SF)
Zoning code
LC
APN
249-0040-030-0000
UPID
US10-3105522
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
-
Kiki's Chicken Place Take-out & Catering Restaurant
-
A1 Meat Market & Grocery Grocery & Convenience Store Food Market
-
Los Tres Reyes Mexican Cuisine Restaurant
-
ZT Real Estate Real Estate Agency
-
Elise nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.00M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.23M
Owner & transaction history
Azarnia LLC · 10 yrs held
Azarnia LLC
since 2016
7 recorded transactions
Zoning & alternative use
LC · Fair Oaks, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,915,000
6.5%
$10,995,000
7%
$10,210,000
Blend value · Realmo final
$9.23M
Range $8.30M – $10.15M · ±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
$164 / 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
$93,690
Tax year 2024
Assessed value
$7,600,000
Assessed 2024
Previous assessed
$7,600,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$2,300,000
Assessed improvement
$5,300,000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1982
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Total area
56,180 SF
Lot
4.39 ac (191,228 SF)
Zoning code
LC
APN
249-0040-030-0000
UPID
US10-3105522
Jurisdiction
SACRAMENTO
Zoning & alternative use
LC · Fair Oaks, CA
Zoning LC · permitted uses
LC · Fair Oaks, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fair Oaks. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Lot
4.39 ac
Current owner
From public records · entity-resolved
Azarnia LLC
Entity
Mailing address
102 SEBASTIAN CT, LOS GATOS, CA 95032-5156
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2026
—
Azarnia LLC
—
Deed
related
$5,725,000 · The Golden 1 Cu
May 6, 2016
—
Azarnia LLC
Azarfar Family Trust
Quit Claim Deed
—
Apr 18, 2016
—
Azarnia LLC
Shahriar Azarfar
Grant Deed
$6,700,000 · Mechanics Bank
Oct 23, 2003
—
Tahamtanzadeh,tr
Tahamtanzadeh,ali
Quit Claim Deed
related
—
Aug 7, 2003
—
Ali Tahamtanzadeh
Tahamtanzadeh,elizabeth F
Quit Claim Deed
related
—
—
—
Azarfar Family Trust
—
Deed Of Trust
related
$7,900,000 · Union Bank Of California
—
—
Lfc Ltd
—
Deed Of Trust
related
$4,513,364 · Crown Life Insurance
—
—
Azarfar,tr
—
Deed Of Trust
related
$5,625,000 · Affinity Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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