Warehouse with 40 Overhead
For Sale
Contact for pricing
2301 Vehicle Dr, Rancho Cordova, CA 95670
Warehouse is 100% leased with 10 tenants and 40 overhead doors for flexible loading operations.
Property Size29,720 SF
Price / SF$151.41
Days on Market68
Property Features for 2301 Vehicle Dr
General Information
Standard status
Active
Size
29,720 SF
Property subtype
INDUSTRIAL
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
Gallelli Real Estate
(916) 772-1700
Listed By:
Rick Phillips
(916) 789-3349
Source:
Moodyscre
Added: Jul 16
Changed: Sep 10
Last Checked: Sep 20 at 12:32PM
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 Gallelli Real Estate
Investment Insights
Based on property information with market context.
This warehouse property is 100% leased and operated with 10 tenants. The facility includes (40) 12’ x 16’ overhead doors, supporting multiple loading bays and unit access. The offering notes below-market rents and lists 4.5 parking spaces per 1,000 square feet.
The property is located at 2301 Vehicle Dr in Rancho Cordova, California (95670).
The property is located at 2301 Vehicle Dr in Rancho Cordova, California (95670).
Key Highlights
- Warehouse is 100% leased with 10 tenants
- 10 tenants support the leased occupancy for income potential
- Includes 40 overhead doors, supporting flexible loading operations
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
$227,964
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
5.07%
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%
$4,559,280
$4.6M
Cap Rate 7%
$3,256,629
$3.3M
Cap Rate 9%
$2,532,933
$2.5M
Market Conditions
NOI Build-Up for 29,720 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
$285.3K $9.60/SF
− Vacancy
−$17.1K −$0.58/SF
EGI
$268.2K $9.02/SF
− OpEx
−$40.2K −$1.35/SF
NOI
$228.0K $7.67/SF
Area
Sacramento County, CA
Vacancy
6.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$4,559,280
Cap Rate 7%
$3,256,629
Cap Rate 9%
$2,532,933
Alternative Uses
Best Use
Warehouse
$3.26M
$2.85M – $3.80M
NOI $227,964 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.92M
$6.93M – $9.24M
NOI $554,227 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse is 100% leased with 10 tenants and 40 overhead doors for flexible loading operations.
Where is this warehouse located?
The property is located at 2301 Vehicle Dr Rancho Cordova, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Warehouse is 100% leased with 10 tenants; 10 tenants support the leased occupancy for income potential; Includes 40 overhead doors, supporting flexible loading operations
