5345 Madison AveSacramento, CA 95841
- Office properties
- 25,105 SF
Property Details for 5345 Madison Ave
- Year built
- 1989
- Construction
- WOOD
- Lot size
- 1.85 AC
- Property size (Sq ft)
- 25,105 SF
- Zone code
- BP
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 230-0053-004-0000
- APU
- 23000530040000
Description
This exceptional investment opportunity presents a single-story, Class B office building situated on a 1.85-acre lot at 5345 Madison Ave, Sacramento, CA 95841. The property boasts 25,105 rentable square feet, currently 40% occupied, and offers a compelling 6.93% cap rate with a $312,000 NOI. Built in 1989 and renovated in 2016, the building features a multi-tenant design, providing flexibility for diverse tenants. Its strategic location on Madison Avenue, a major commercial corridor with approximately 55,000 cars daily, and its proximity (1.2 miles) to Interstate 80, ensures high visibility and accessibility. The property includes separate meters for easy multi-tenant management and a gated parking lot for enhanced security. The asking price is $4,500,000, translating to $179.25 per square foot. The property is zoned BP and features a convenient single-story design. This is an excellent opportunity for investors seeking a strong return in a thriving Sacramento market. The property's 2016 renovation ensures modern amenities and functionality. The building's multi-tenant layout offers diverse income streams and potential for future lease growth. The substantial lot size provides ample space for expansion or future development. This property offers a rare combination of location, income, and potential for appreciation.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,324,025
- 6.5%
- $3,068,331
- 7%
- $2,849,164
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,584,492
- Geo Method
- $3,584,492
-
Alternative Use
- Use
- Valuation
- Residential
- $3,804,730
- Hospitality
- $3,485,113
- Educational
- $2,899,573
- Medical
- $2,999,294
- Retail
- $4,510,446
Location Insight
- City
- Sacramento
- County
- Sacramento
- State
- California
- Latitude
- 38.6613
- Longitude
- -121.339
- 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
FAQs
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