814 Court StWoodland, CA 95695

Property Details for 814 Court St

Year built

2000

Lot size

0.48 AC

Property size (Sq ft)

6,408 SF

Zone code

C-2

Property type

Office buildings

APN

005-222-016-000

APU

5222016000

Description

Exceptional investment opportunity in downtown Woodland, California. This 5,849 square foot, single-story building, constructed in 2000 and renovated in 2022, sits on a 0.48-acre lot (21,083 sq ft) and offers 21 parking spaces. Currently operating as a 10-bedroom sober living environment with a stable tenant under a modified lease with a remaining term of 2.9 years (expiring October 31, 2027), the property boasts a 100% occupancy rate since May 1, 2022. The lease includes annual rent of $199,560 with a 3.5% yearly increase. The property's Net Operating Income (NOI) is $150,000, resulting in a 6.38% cap rate. Located in a DX-1 (Mixed Use) Downtown zoning area, this property presents a low-maintenance investment with significant upside potential. The property's prime location in Woodland's downtown core, only 20 miles from Sacramento, and its designation as an Opportunity Zone further enhance its investment appeal. This is a rare opportunity to acquire a well-maintained, high-performing asset in a desirable location. The property features a modern build and is situated in a thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,154,863

  6.5%

  $1,066,028

  7%

  $989,883

• Comparable approach

  Method

  Valuation

  Relative Method

  $914,934

  Geo Method

  $914,934

• Alternative Use

  Use

  Valuation

  Residential

  $1,321,874

  Hospitality

  $1,210,830

  Educational

  $1,007,396

  Medical

  $1,042,042

  Retail

  $1,567,061

Location Insight

City

Woodland

County

Yolo

State

California

Latitude

38.6784

Longitude

-121.77

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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