3301 Alta Arden ExpySacramento, CA 95825
- Healthcare properties
- 8,048 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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