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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Medical Office Space
8329 Fair Oaks Blvd Carmichael, CA 95608-1949
Individually Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1128399
Property summary
AI-generated overview
This exceptional 7,500 square foot office building, situated at 8329 Fair Oaks Blvd, Carmichael, CA 95608, presents a unique opportunity. Built in 1970 and renovated in 2000, this Class B property boasts two single-story buildings offering 3,000 square feet of immediately available space. The space is highly versatile, suitable for traditional office use or medical/dental practices. Three individual offices are available, two of which are contiguous and total 2,000 square feet, rentable together or separately. A minimum of 1,000 square feet is available, expandable to 2,000 square feet. This property benefits from excellent street visibility on a high-traffic thoroughfare in the heart of Carmichael, Sacramento County. The building features 25 parking spaces and convenient access. The lease is easily transferable. The landlord pays for all expenses (water, garbage, taxes), making this a truly gross lease with no NNN charges. The property has on-site owner/management. This is an ideal location for a satellite office or a primary business location. The ceiling height is 8 feet.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1962
Construction
WOOD
Total area
6,515 SF
Lot
0.55 ac (24,061 SF)
Zoning code
BP
APN
245-0251-028-0000
UPID
US09-1128399
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
-
Houghton Dental Corporation Dental Office
-
Fonda Webber DDS Dental Office
-
Healthy Impressions Dental Office
-
Alsahli Moutaz DDS Dental Office
-
Alain Ionescu: Allstate Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$470k
Blend (final)
Blend
$730k
Owner & transaction history
Alain V Ionescu · 9 yrs held
Alain V Ionescu
since 2017
4 recorded transactions
Zoning & alternative use
BP · Carmichael, 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 Carmichael submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carmichael 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%
$1,105,000
6.5%
$1,020,000
7%
$945,000
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$112 / 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
$7,422
Tax year 2024
Assessed value
$612,508
Assessed 2024
Previous assessed
$612,508
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$273,076
Assessed improvement
$339,432
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
Off-Market
Year built
1962
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
6,515 SF
Lot
0.55 ac (24,061 SF)
Zoning code
BP
APN
245-0251-028-0000
UPID
US09-1128399
Jurisdiction
SACRAMENTO
Zoning & alternative use
BP · Carmichael, CA
Zoning BP · permitted uses
BP · Carmichael, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carmichael. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
Alain V Ionescu
Individual
Free & Clear · 9 yrs held
Mailing address
6988 LOS OLIVOS WAY, CARMICHAEL, CA 95608-1568
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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 20, 2017
—
Alain V Ionescu
Ionescu,alain V
Quit Claim Deed
related
—
Dec 28, 2016
$530,000
Alain V Ionescu
Crp Properties INC
Grant Deed
—
Jul 7, 2016
$492,320
Crp Properties INC
Quality Loan Service Corp|lovejoy Living Trust Lt
Trustees Deed
related
—
Apr 29, 2005
—
Douglas A Lovejoy
Douglas A Lovejoy
Intrafamily Transfer
related
$648,000 · Washington Mutual 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.
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