Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2828 Mills Park Dr Rancho Cordova, CA 95670

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.00 SF/Yr ($527 /Mo)

    Medical office space for lease in a gated business park.

    Property size:
    6,334 SF
    Lot size:
    6,334 SF

    Property Features for 2828 Mills Park Dr

    General Information

    Size
    6,334 SF

    Building Details

    Year built
    1962

    We can help!

    Listing Contact
    Veronica Sukkary
    Source: Corfac

    Listing Agent: Veronica Sukkary

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Medical Office Space Available

    Medical office spaces are available for lease in a fenced and gated business park. The property is located off Folsom Boulevard, situated between Coloma Road and Zinfandel Drive. It benefits from ample parking and strong demographics within a dense, mature neighborhood. The location provides close proximity to many amenities. The property is suitable for medical use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ABC Dental Group Dentist Zinfandel Medical Group Medical Group Live Well Medical ... Doctor OH Sun K ... Doctor Nguyen Hung-Anh MD Family Practice Physician

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Sacramento Veterinary Dental Services, Rancho Pet Hospital, Banfield Pet Hospital, Cordova Veterinary Hospital: Thomas Lori DVM, VCA Cordova Veterinary Dentistry Center

    Location Insight

    • Map
    • Local Demand
    City
    Rancho Cordova
    County
    Sacramento
    State
    California
    Longitude
    -121.2979249
    Latitude
    38.5928051

    Nearby Similar for Lease

    • Contact for pricing

      Rancho Cordova Flex/R&D Space

      Modern flex and R&D spaces with warehouse and roll-up doors.
      3140 Prospect Park Dr, Rancho Cordova, CA 95670
      View Details
    • $1.89 SF/Yr
      2,809 SF

      Rancho Cordova Retail Space Available

      Retail space for lease in Mills Shopping Center.
      10339 Folsom Blvd, Rancho Cordova, CA 95670
      View Details
    • $0.99 SF/Yr
      2,465 SF

      Rancho Cordova Retail Space Available

      Retail space for lease in Rancho Cordova shopping center.
      10301-10399 Folsom Blvd, Rancho Cordova, CA 95670
      View Details
    • Contact for pricing

      Rancho Cordova Retail Power Center

      Dominant retail intersection with Target, Ross, Marshall's, and ULTA.
      10801-10937 Olson Dr, Rancho Cordova, CA 95670
      View Details
    • $0.85 SF/Yr
      1,907 SF

      Rancho Cordova Flex Space Available

      Flexible layout near Sunrise Blvd & HWY 50.
      3039 Kilgore Rd, Rancho Cordova, CA 95670
      View Details
    • $3 SF/Yr
      5,536 SF

      Rancho Cordova Retail Space Available

      Retail space for lease in Mills Shopping Center.
      10347 Folsom Blvd, Rancho Cordova, CA 95670
      View Details
    • $1.89 SF/Yr
      2,897 SF

      Rancho Cordova Retail Space Available

      Retail space available in a busy Rancho Cordova shopping center.
      10321 Folsom Blvd, Rancho Cordova, CA 95670
      View Details
    • Contact for pricing

      Rancho Cordova LogistiCenter Space

      Lease space in LogistiCenter near Highway 50 and Mather Airport.
      10765 N Mather Blvd, Rancho Cordova, CA 95670
      View Details
    • $1.85 SF/Yr
      15,000 SF

      Rancho Cordova Office Space Available

      Single-story office building with high ceilings and modern data center.
      3130 Kilgore Rd, Rancho Cordova, CA 95670
      View Details
    • $2 SF/Yr
      7,771 SF

      Modern Office Space Available

      Rancho Cordova office space with amenities and easy access.
      10877 White Rock Rd, Rancho Cordova, CA 95670
      View Details
    • $2 SF/Yr
      4,483 SF

      Rancho Cordova Office Space Available

      Office space for rent in Rancho Cordova, California.
      10850 Gold Center Dr, Rancho Cordova, CA 95670
      View Details
    • Contact for pricing
      14,052 SF

      Rancho Cordova Office Space Available

      Office space for rent in Rancho Cordova, California.
      10911 White Rock Rd, Rancho Cordova, CA 95670
      View Details

    FAQs

    What type of property is this?
    Medical office - Medical office space for lease in a gated business park.
    Where is this medical office located?
    The property is located at 2828 Mills Park Dr Rancho Cordova, CA.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - Medical Use Offices Available For Lease; - Located off of Folsom Blvd, between Coloma Rd and Zinfandel Dr; - Ample Parking available for staff and patients.
    (916) 475-9865
    Request Owner's contact information
    2828 Mills Park Dr Rancho Cordova, CA 95670
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2828 Mills Park Dr
    Rancho Cordova, CA 95670
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2828 Mills Park Dr Rancho Cordova, CA 95670
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Veronica Sukkary
    Real Estate License ID: CalDRE #01905861
    (916) 475-9865
    Learn more
    Google sign-in failed. Please try again or use another login method.