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646 El Camino Ave

2,872 SF Office Building Sacramento, CA 95815 $589,000 ($205/SF) 6.80% Cap Rate

Investment Highlights

  • Heavy Vehicle Traffic with great signage exposure potential
  • Off street parking and ample side street public parking

Executive Summary

This is a standalone - brick facade building with wide zoning uses as a C-2 zoning in the City of Sacramento. The property features off street parking as well as a fence enclosed backyard and side yard. The property was previously used with a medical tenant and the property has been returned to an empty shell with bathroom, office and storage rooms still in the property. The property is on the high traffic street of El Camino Ave in the Northern Sacramento area. The proforma numbers are based on an asking rent of $3,500, a NNN lease and included is a vacancy rate.

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income $42,000 $14.62
Other Income $6,965 $2.43
Vacancy Loss $2,100 $0.73
Effective Gross Income $46,865 $16.32
Taxes $5,240 $1.82
Operating Expenses $1,725 $0.60
Total Expenses $6,965 $2.43
Net Operating Income $39,900 $13.89

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual $42,000
Annual Per SF $14.62
Other Income
Annual $6,965
Annual Per SF $2.43
Vacancy Loss
Annual $2,100
Annual Per SF $0.73
Effective Gross Income
Annual $46,865
Annual Per SF $16.32
Taxes
Annual $5,240
Annual Per SF $1.82
Operating Expenses
Annual $1,725
Annual Per SF $0.60
Total Expenses
Annual $6,965
Annual Per SF $2.43
Net Operating Income
Annual $39,900
Annual Per SF $13.89

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Office
Property Subtype
Medical
Building Size
2,872 SF
Building Class
C
Year Built/Renovated
1985/2024
Price
$589,000
Price Per SF
$205
Cap Rate
6.80%
NOI
$40,052
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,872 SF
Building FAR
0.39
Land Acres
0.17 AC
Opportunity Zone
Yes
Zoning
C-2 - General Commercial
Parking
4 Spaces (1.39 Spaces per 1,000 SF Leased)

Amenities

  • Central Heating
  • Yard
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 2,872 SF
  • Office/Retail
  • Shell Space
  • Now

Great retail or office space location on a highly-trafficked street (El Camino Ave) with great street exposure. and a beautiful brock veneer. A shell space with one office and one bathroom with the rest to design to your needs. 4 parking spaces and ample public parking on the side street to the property for your customers. Yard space in the west side and back of the property for outdoor storage or other uses. Triple Net lease.

Space Size Space Use Condition Available
1st Floor 2,872 SF Office/Retail Shell Space Now

1st Floor

Size
2,872 SF
Space Use
Office/Retail
Condition
Shell Space
Available
Now

1st Floor

Size 2,872 SF
Space Use Office/Retail
Condition Shell Space
Available Now

Great retail or office space location on a highly-trafficked street (El Camino Ave) with great street exposure. and a beautiful brock veneer. A shell space with one office and one bathroom with the rest to design to your needs. 4 parking spaces and ample public parking on the side street to the property for your customers. Yard space in the west side and back of the property for outdoor storage or other uses. Triple Net lease.

Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
275-0041-011
Land Assessment
$132,600
Improvements Assessment
$275,400
Total Assessment
$408,000
Annual Taxes
$5,240 ($1.82/SF)
Tax Year
2024
  • Listing ID: 33523812

  • Date on Market: 10/15/2024

  • Last Updated:

  • Address: 646 El Camino Ave, Sacramento, CA 95815

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