8212 Fair Oaks BlvdCarmichael, CA 95608
- Mixed-use properties
- 2.35 AC
Property Details for 8212 Fair Oaks Blvd
- Lot size
- 2.35 AC
- Zone code
- LC
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 260-0031-033-0000
- APU
- 26000310330000
Description
This exceptional investment opportunity presents a 16,850 square foot property encompassing a 7,600 square foot warehouse with ample yard space and a 9,250 square foot retail strip center. Situated on a desirable 2.35-acre lot in Carmichael, California (8212 Fair Oaks Blvd, zip code 95608), this property boasts a prime location with over 30,000 cars passing daily. The property currently enjoys a 91% occupancy rate, generating a strong net operating income (NOI) of $135,205 and a 7.01% cap rate, offering significant upside potential. The flexible LC zoning allows for a wide variety of uses, making it attractive to both investors and owner-users. Below-market rents on the existing warehouse space present a clear opportunity to increase profitability. The two buildings are strategically positioned to serve a variety of business needs, from retail operations to storage and distribution. This property is an ideal choice for investors seeking a value-add opportunity with strong cash flow and significant potential for future growth. The substantial yard space adds further versatility and income potential. The property's location on Fair Oaks Boulevard ensures high visibility and accessibility. This is a rare chance to acquire a well-positioned, multi-use property in a thriving Sacramento County market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $16,806,664
- 6.5%
- $15,513,843
- 7%
- $14,405,712
-
Comparable approach
- Method
- Valuation
- Relative Method
- $22,654,518
- Geo Method
- $22,654,518
-
Alternative Use
- Use
- Valuation
- Residential
- $15,513,843
- Hospitality
- $14,210,597
- Educational
- $11,823,050
- Medical
- $12,229,663
- Retail
- $18,391,412
Location Insight
- City
- Carmichael
- County
- Sacramento
- State
- California
- Latitude
- 38.6356
- Longitude
- -121.311
- 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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