Retail Center Across From
183 Placerville Drive Placerville, CA 95667
183 Placerville Drive, Placerville, CA, 95667
$1,400,000
For Sale
$1,400,000
Updated retail property with long-term tenants and modernized HVAC, roof, fresh paint, and upgraded parking lot.
Property Size7,200 SF
Price / SF$194.44
Days on Market1220
Property Features for 183 Placerville Drive
General Information
- Standard status
- Active
- Size
- 7,200 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1977
Listing agency
6206000
Listed by
Team Real Estate
6206000
Source
Xome
Added: Mar 21, 2023 Updated: Jul 21 at 12:41PM Checked: Jul 21 at 12:41PM
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 Team Real Estate
Investment Insights
Based on property information with market context.
This updated retail property offers an easy-to-manage setup with long-term tenants and leases that include rollovers. The building is reported to be in excellent condition, with improvements that include updated HVAC units, a new roof, fresh paint, and a parking lot upgrade. There is also a large space that can support an owner/user or allow for an additional tenant, depending on how the space is configured.
The property is described as having high visibility and being located across from Raley’s, supporting strong day-to-day retail exposure.
For buyers seeking a retail investment with established tenancy and recent building and site improvements, this offering may also include owner carry, as noted in the remarks.
The property is described as having high visibility and being located across from Raley’s, supporting strong day-to-day retail exposure.
For buyers seeking a retail investment with established tenancy and recent building and site improvements, this offering may also include owner carry, as noted in the remarks.
Key Highlights
- Commercial General zoning retail building built in 1977
- Long‑term tenants in place with good leases and rollover potential
- Updated HVAC, updated roof, fresh paint, and upgraded parking lot
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.5k | $21.60 |
| − Vacancy | −$9.2k | −$1.27 |
| EGI | $146.3k | $20.33 |
| − OpEx | −$43.9k | −$6.10 |
| NOI | $102.4k | $14.23 |
7,200 SF · lease $21.60/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.46M
$1.28M – $1.71M
NOI $102,441 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.57M
$2.25M – $3.00M
NOI $180,189 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Updated retail property with long-term tenants and modernized HVAC, roof, fresh paint, and upgraded parking lot.
Where is this retail space located?
The property is located at 183 Placerville Drive Placerville, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Commercial General zoning retail building built in 1977; Long‑term tenants in place with good leases and rollover potential; Updated HVAC, updated roof, fresh paint, and upgraded parking lot
