7649 Fair Oaks BlvdCarmichael, CA 95608
- Retail properties
- 984 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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