10190 Systems PkwySacramento, CA 95827

  • Industrial properties
  • 19,630 SF
For Sale
$3,150,000 View listing

Property Details for 10190 Systems Pkwy

Year built
1988
Construction
TILT-UP CONCRETE
Lot size
1.47 AC
Property size (Sq ft)
19,630 SF
Zone code
OIMU
Property type
Industrial properties
APN
077-0360-032-0000
APU
7703600320000

Description

Exceptional investment opportunity: a 19,630-square-foot flex building located at 10190 Systems Parkway, Sacramento, CA 95827. This single-story, 100% occupied property boasts four loading docks and sits on a 1.47-acre lot. Built in 1988 and extensively renovated in 2020 and 2023, the building features a desirable OIMU zoning designation. Currently housing three tenants, including the State of California (occupying 83% of the space), this stabilized asset offers a strong 5.08% cap rate and a substantial net operating income (NOI) of $160,068. The asking price is $3,150,000, translating to $160.47 per square foot. This property presents a compelling investment opportunity, particularly for those seeking a 1031 exchange. The property's strong tenancy and recent renovations ensure a stable and potentially appreciating asset. The under-market rents provide an opportunity for future income growth.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,530,694
    Hospitality
    $3,234,097
    Educational
    $2,690,730
    Medical
    $2,783,269
    Retail
    $4,185,581

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.5639
Longitude
-121.314
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
$22,231
$334,654
$1,561,225
$1,895,879
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