3301 Alta Arden ExpySacramento, CA 95825

  • Healthcare properties
  • 8,048 SF
For Sale
$1,300,000 View listing

Property Details for 3301 Alta Arden Expy

Year built
1961
Construction
WOOD
Lot size
0.27 AC
Property size (Sq ft)
8,048 SF
Zone code
BP
Property type
Healthcare properties
Property subtype
Medical offices
APN
279-0225-003-0000
APU
27902250030000

Description

This exceptional 8,162-square-foot medical office building in Sacramento, California, presents a compelling investment opportunity. Located at 3301 Alta Arden Expressway, this single-story, 100% occupied property boasts a strong 6.26% cap rate and is priced at $1,300,000 ($159.27/SF). Built in 1961, the building sits on a 0.86-acre lot and features multiple tenants with month-to-month or short-term leases, offering immediate value-add potential through lease extensions and rent increases. Its prime location, just one block from the 287-bed Kaiser Permanente Sacramento Medical Center, provides exceptional visibility and access to a large patient base. The surrounding area is densely populated, with over 138,000 residents within a three-mile radius. This property is ideally suited for an owner-user seeking to occupy all or a portion of the building, or for an investor looking to capitalize on the under-market rents and enhance the property's value through strategic improvements. The property's APN is 279-0225-006, 279-0225-005, 279-0225-004 and 279-0225-003. This is a rare chance to acquire a well-located medical office building significantly below replacement cost in a thriving medical community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,224,551
    6.5%
    $1,130,354
    7%
    $1,049,615
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,149,094
    Geo Method
    $1,149,094
  • Alternative Use

    Use
    Valuation
    Residential
    $1,401,640
    Hospitality
    $1,283,894
    Educational
    $1,068,185
    Medical
    $1,104,922
    Retail
    $1,661,621
3301 Alta Arden Expy, Sacramento, California

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.5993
Longitude
-121.387
CBSA code
40900
CBSA name
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,495
$93,923
-
$93,923
-
-
-
-

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