Two-Unit Flex
For Sale
$1,500,000
Pending
2635 Land Ave, Sacramento, CA 95815
Gated facility offers office and storage areas, roll-up access, and ample parking.
Property Size10,000 SF
Lot Size0.58 Acres
Days on Market887
Property Features for 2635 Land Ave
General Information
Standard status
Pending
Size
10,000 SF
Lot size
0.58 Acres
Additional Details
Clear Height
18 ft
Amenities
separate entrance
high ceiling
roll-up doors
painted exterior
LED ceiling lights
shared driveway
Building Details
Buildings
1
Building Size
10,000 SF
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
Yeah Realty
Listed By:
Jeffrey Zeng
(925) 272-8938
Source:
Exprealty
Added: May 15, 2024
Changed: Oct 10
Last Checked: Oct 16 at 12:16PM
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 Yeah Realty
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Investment Insights
Based on property information with market context.
This gated flex warehouse property contains approximately 10,000 square feet across two units on a 25,090-square-foot parcel. The owner’s approximately 5,200-square-foot unit includes office and storage space, while the approximately 4,800-square-foot tenant unit is currently occupied by a tenant willing to remain and continue the lease. The building has separate entrance access, ceilings ranging from approximately 12 to 18 feet, and two roll-up doors measuring 12 feet wide by 14 feet high.
Located in Cannon Industrial Park in North Sacramento, the property includes ample parking and a shared driveway with neighboring properties. Additional features include a painted exterior and new LED ceiling lights.
Located in Cannon Industrial Park in North Sacramento, the property includes ample parking and a shared driveway with neighboring properties. Additional features include a painted exterior and new LED ceiling lights.
Key Highlights
- Approximately 10,000 SF warehouse building on a 25,090‑square‑foot parcel
- Two units: approximately 5,200 SF owner unit and approximately 4,800 SF tenant unit
- Ceiling heights range from approximately 12' to 18'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,395
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,187,900
$2.2M
Cap Rate 7%
$1,562,786
$1.6M
Cap Rate 9%
$1,215,500
$1.2M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$180.0K $18.00/SF
− Vacancy
−$11.7K −$1.17/SF
EGI
$168.3K $16.83/SF
− OpEx
−$58.9K −$5.89/SF
NOI
$109.4K $10.94/SF
Area
Sacramento, CA
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,187,900
Cap Rate 7%
$1,562,786
Cap Rate 9%
$1,215,500
Alternative Uses
Best Use
Flex RnD
$1.56M
$1.37M – $1.82M
NOI $109,395 @ 7.0% cap · market cap 7.29%
Second Best
Warehouse
$1.10M
$959.8K – $1.28M
NOI $76,786 @ 7.0% cap · market cap 5.12%
Theoretical Best
Specialty Retail
$2.69M
$2.35M – $3.14M
NOI $188,100 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
18 ft
Clear height
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
784
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 95815, CA
27,838
Population
10,527
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
79%
High-School Grad
7.7 sq mi
ZIP Area
3,615
Density / Sq Mi
$58,590
Median Household Income
$37,199
Median Earnings
$1,448
Median Rent
$298,400
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 Sacramento, CA
Similar Off Market Nearby
- Ampoule Kitchen — 882 El Camino Ave, Sacramento, CA 95815
- Grill Factor Meal Prep — 882 El Camino Ave, Sacramento, CA 95815
- Roti Boti Halal Catering — 2600 Rio Linda Blvd, Sacramento, CA 95815
Frequently Asked Questions
What type of property is this?
Flex space - Gated facility offers office and storage areas, roll-up access, and ample parking.
Where is this flex space located?
The property is located at 2635 Land Ave Sacramento, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 10,000 SF warehouse building on a 25,090‑square‑foot parcel; Two units: approximately 5,200 SF owner unit and approximately 4,800 SF tenant unit; Ceiling heights range from approximately 12' to 18'
