7649 Fair Oaks BlvdCarmichael, CA 95608

  • Retail properties
  • 984 SF
For Sale
$849,000 View listing

Property Details for 7649 Fair Oaks Blvd

Year built
1965
Lot size
0.38 AC
Property size (Sq ft)
984 SF
Zone code
GC
Property type
Retail properties
Property subtype
Auto shops
APN
245-0180-010-0000
APU
24501800100000

Description

This exceptional investment opportunity presents a 948 square foot auto repair building situated on a spacious 16,500 square foot lot in Carmichael, California. Located at 7649 Fair Oaks Blvd, this single-story, 1965-built property boasts a prime location with high visibility and significant traffic counts. Fair Oaks Boulevard sees 29,189 average daily traffic (ADT), while nearby Manzanita Avenue registers 34,303 ADT. Currently 100% occupied under a NNN lease expiring December 31, 2025 (1.1 years remaining), this property offers a stable income stream. The asking price is $849,000, translating to $895.57 per square foot. The property features a separate fenced yard and storage container, providing additional rental potential or tenant flexibility. Zoned for General Commercial use in Sacramento County (APN: 245-0180-010-0000), this property is an ideal investment for owner-users or those seeking a strong, established tenant base in a high-traffic area. The property's accessibility and location within a thriving commercial environment contribute to its long-term success potential. Please note that the property is fully occupied

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $191,521
    6.5%
    $176,789
    7%
    $164,161
  • Comparable approach

    Method
    Valuation
    Relative Method
    $354,049
    Geo Method
    $354,049
  • Alternative Use

    Use
    Valuation
    Residential
    $149,128
    Hospitality
    $136,600
    Educational
    $113,650
    Medical
    $117,558
    Retail
    $176,789
7649 Fair Oaks Blvd, Carmichael, California

Location Insight

City
Carmichael
County
Sacramento
State
California
Latitude
38.6371
Longitude
-121.324
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
$5,109
$303,554
$45,977
$349,531
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