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    1640 / 1648 W Capitol Ave West Sacramento, CA 95861

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    Sponsored
    Source: https://svn.com
    For Sale
    $1,200,000

    WEST CAPITOL CONVIENCE CENTER For Sale

    Property size:
    4,960 SF

    Property Features for 1640 / 1648 W Capitol Ave

    General Information

    Property type
    Shopping centers
    Square Feet
    4,960 SF
    Price / Square Foot
    $241
    Elevators
    N/A
    Net Operating Income
    $73,534

    Building Details

    Buildings
    2
    Stories
    1

    Overview

    West Capitol Retail Investment Opportunity

    This sale consists of two buildings on separate adjoining parcels, plus a third adjoining parcel. The front parcel features a stand-alone 1,404-square-foot building occupied by Capitol Gyros, complete with a drive-thru window. The rear parcel is improved with a 3,556-square-foot building housing Kwik Mart Conv. Store and Romans Pizza. An adjoining parcel includes an abandoned alleyway, approximately 21 feet by 750 feet, running behind the property and four other adjacent parcels, presenting the possibility of subdividing it to adjacent owners. Situated on a signalized corner near a McDonald's, Raley's, and a Marathon filling station with a Circle K, the property is one block south of Jefferson Boulevard, offering convenient access to Interstate 80 and Highway 50. The property backs up to a residential area with single-family homes and apartment complexes. This location benefits from a signalized corner with high traffic count and long-term tenants. The property has tremendous upside potential as an investment or redevelopment site, perfect for a single-tenant net-lease opportunity. The alleyway parcel can be parceled and sold. The property needs TLC to bring out its existing potential.

    We can help!

    Listing Contact
    Gary Gustafson

    Learn more

    Property Insight Report

    HighLights

    • * Tremendous Upside Potential as investment * Redevelopment Site - Perfect for STNL * Alleyway parcel can be parceled and sold * Needs TLC to bring out potential to exiting * Signalized Corner - High Traffic Count * Long Term Tenants
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Capitol Gyros Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Sacramento
    State
    California
    Longitude
    -118.755997
    Latitude
    36.7014631

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    FAQs

    What type of property is this?
    Shopping center - WEST CAPITOL CONVIENCE CENTER For Sale
    Where is this shopping center located?
    The property is located at 1640 / 1648 W Capitol Ave West Sacramento, CA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: * Tremendous Upside Potential as investment * Redevelopment Site - Perfect for STNL * Alleyway parcel can be parceled and sold * Needs TLC to bring out potential to exiting * Signalized Corner - High Traffic Count * Long Term Tenants
    (415) 516-1863
    Request Owner's contact information
    1640 / 1648 W Capitol Ave West Sacramento, CA 95861
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    West Sacramento, CA 95861
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1640 / 1648 W Capitol Ave West Sacramento, CA 95861
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    We can help!
    Listing Contact
    Gary Gustafson
    (415) 516-1863
    Learn more
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