Updated Multifamily
New
For Sale
$599,000
10997 Hirschfeld WAY, Rancho Cordova, CA 95670
Fully occupied rental asset with substantial recent capital work and convenient commuter access.
Property Size2,031 SF
Price / SF$294.93
Days on Market5
Property Features for 10997 Hirschfeld WAY
General Information
Standard status
Active
Size
2,031 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Year Built
1977
Listing Agency:
Radius Agent Realty
(415) 571-7383
Listed By:
Joe Stevenson · License #01953136
(415) 571-7383
Source:
Exitrealty
Added: Aug 18
Changed: Aug 21
Last Checked: Aug 21 at 4:17AM
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 Radius Agent Realty
Investment Insights
Based on property information with market context.
This 2031-square-foot multifamily property was built in 1977 and is fully occupied. Capital work completed approximately within the last five years includes a newer roof, exterior improvements, interior updates, and replacement of the A/C system. The property occupies a lot exceeding 10,000 sqft, adding meaningful land area to the asset.
Located at 10997 Hirschfeld WAY in Rancho Cordova, the property offers access to Highway 50, shopping, dining, schools, and major employment centers. Its established neighborhood setting and commuter connectivity complement the existing rental profile. The combination of full occupancy and completed major improvements provides a stabilized multifamily asset for investor consideration.
Located at 10997 Hirschfeld WAY in Rancho Cordova, the property offers access to Highway 50, shopping, dining, schools, and major employment centers. Its established neighborhood setting and commuter connectivity complement the existing rental profile. The combination of full occupancy and completed major improvements provides a stabilized multifamily asset for investor consideration.
Key Highlights
- Fully occupied multifamily property
- 2031‑square‑foot building constructed in 1977
- Lot size exceeds 10,000 sqft
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,110
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$542,200
$542.2K
Cap Rate 7%
$387,286
$387.3K
Cap Rate 9%
$301,222
$301.2K
Market Conditions
NOI Build-Up for 2,031 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.9K $26.04/SF
− Vacancy
−$3.6K −$1.77/SF
EGI
$49.3K $24.27/SF
− OpEx
−$22.2K −$10.92/SF
NOI
$27.1K $13.35/SF
Area
Sacramento County, CA
Vacancy
6.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$542,200
Cap Rate 7%
$387,286
Cap Rate 9%
$301,222
Alternative Uses
Best Use
Apartment 5plus
$387.3K
$338.9K – $451.8K
NOI $27,110 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$541.1K
$473.4K – $631.3K
NOI $37,875 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
775
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Fully occupied rental asset with substantial recent capital work and convenient commuter access.
Where is this multifamily property located?
The property is located at 10997 Hirschfeld WAY Rancho Cordova, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Fully occupied multifamily property; 2031‑square‑foot building constructed in 1977; Lot size exceeds 10,000 sqft
