655 University AveSacramento, CA 95825

Property Details for 655 University Ave

Year built

1978

Construction

WOOD

Lot size

2.25 AC

Property size (Sq ft)

45,254 SF

Zone code

OB-PC-PUD

Property type

Office buildings

APN

295-0030-019-0000

APU

29500300190000

Description

This exceptional Class A office property, located at 655 University Avenue in Sacramento's Campus Commons submarket, offers a variety of spaces ideal for diverse business needs. The two-story building, totaling 45,463 square feet, boasts a beautifully landscaped park-like setting with convenient access to the American River bike trail. Currently, 1,105 square feet are immediately available, with additional spaces ranging from 1,105 to 2,975 square feet. Built in 1979 and extensively renovated in 2018, this property features a range of amenities including a fitness center with a pool and showers, on-site property management, and ample parking (a generous 4 spaces per 1,000 square feet). Security features include a 24-hour key card access system and on-site security patrols. The building also offers a convenient conference facility equipped with audio/visual technology. Its OB (Office Building) zoning ensures flexibility for various business types, including traditional office, executive office, coworking, medical office, and creative office uses. The property sits on a 2.27-acre lot and includes elevators for easy access to both floors. This prime location provides proximity to numerous restaurants and other amenities, making it an attractive option for businesses seeking a vibrant and convenient work environment in Sacramento County. The property's APN is 295-0030-019.

• CAP approach

  CAP return

  Valuation

  6%

  $10,751,276

  6.5%

  $9,924,255

  7%

  $9,215,379

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,461,366

  Geo Method

  $6,461,366

• Alternative Use

  Use

  Valuation

  Residential

  $12,306,076

  Hospitality

  $11,272,299

  Educational

  $9,378,421

  Medical

  $9,700,959

  Retail

  $14,588,655

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.5674

Longitude

-121.42

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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