137 Placerville DrPlacerville, CA 95667

Property Details for 137 Placerville Dr

Year built

1963

Construction

TILT-UP CONCRETE

Lot size

0.53 AC

Property size (Sq ft)

9,229 SF

Zone code

C

Property type

Retail space

APN

325-160-031-000

APU

325160031000

Description

This exceptional investment opportunity presents a fully leased 9,400 square foot retail/industrial building situated on the prime retail corridor of Placerville Drive in Placerville, California. The property sits on a 0.53-acre lot and offers a compelling blend of stable tenancy and strong cash flow, making it ideal for investors seeking a low-maintenance, high-return asset. Currently 100% occupied, the building boasts a diverse mix of national and local credit tenants, ensuring consistent income generation. The modified gross leases structure the operating expenses to be proportionally shared by the tenants, minimizing the owner's operational burden. This translates to a highly attractive 7.0% capitalization rate on the asking price of $1,650,900. The property's location on a busy retail thoroughfare ensures high visibility and accessibility, further enhancing its investment appeal. This is a turnkey investment opportunity with a proven track record of stable occupancy and strong tenant relationships, providing a secure and profitable addition to any investment portfolio. The property's size and tenant mix offer a balanced approach to risk and reward, making it an attractive option for both seasoned and emerging investors in the commercial real estate market. The current lease agreements provide a solid foundation for long-term financial stability and predictable income streams. This is a rare opportunity to acquire a well-managed, high-performing asset in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,131,828

  6.5%

  $1,967,841

  7%

  $1,827,281

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,199,269

  Geo Method

  $3,320,646

• Alternative Use

  Use

  Valuation

  Residential

  $1,659,948

  Hospitality

  $1,520,503

  Educational

  $1,265,041

  Medical

  $1,308,548

  Retail

  $1,967,841

Location Insight

City

Placerville

County

El Dorado

State

California

Latitude

38.7252

Longitude

-120.836

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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