Fully Occupied
For Sale
$585,000
10383 Mills Tower Drive, Rancho Cordova, CA 95670
Residential income property with established occupancy and tenant continuity.
Property Size1,636 SF
Price / SF$357.58
Days on Market156
Property Features for 10383 Mills Tower Drive
General Information
Standard status
Active
Size
1,636 SF
Property subtype
Multi Family
Occupancy
100%
Building Details
Year Built
1963
Listing Agency:
Intero Real Estate Services
(916) 624-0767
Listed By:
Sarah P. Oyler · License #01404919
(916) 316-2028
Source:
Exitrealty
Added: May 14
Changed: Sep 30
Last Checked: Sep 30 at 11:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Intero Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 1636 square feet and was built in 1963. The property is fully occupied, with long-term tenants who would like to remain. Classified as a residential income property, the asset is located in Rancho Cordova, California.
Key Highlights
- Fully occupied duplex
- 1636 square feet
- Built in 1963
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,781
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,620
$475.6K
Cap Rate 7%
$339,729
$339.7K
Cap Rate 9%
$264,233
$264.2K
Market Conditions
NOI Build-Up for 1,636 SF
Gross rent
$36.3K $22.20/SF
− Vacancy
−$2.3K −$1.43/SF
EGI
$34.0K $20.77/SF
− OpEx
−$10.2K −$6.23/SF
NOI
$23.8K $14.54/SF
Area
Sacramento County, CA
Vacancy
6.46%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,620
Cap Rate 7%
$339,729
Cap Rate 9%
$264,233
Alternative Uses
Best Use
Multifamily LT 5
$339.7K
$297.3K – $396.4K
NOI $23,781 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$312.0K
$273.0K – $364.0K
NOI $21,837 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$435.8K
$381.4K – $508.5K
NOI $30,509 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
830
Businesses Nearby
Explore this area
Business Placement
Demographics for 95670, CA
57,988
Population
22,779
Households
2.5
Avg Household Size
38
Median Age
32%
College-Educated
89%
High-School Grad
12.9 sq mi
ZIP Area
4,495
Density / Sq Mi
$90,414
Median Household Income
$47,271
Median Earnings
$1,693
Median Rent
$463,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with established occupancy and tenant continuity.
Where is this duplex located?
The property is located at 10383 Mills Tower Drive Rancho Cordova, CA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Fully occupied duplex; 1636 square feet; Built in 1963
