Add Listing
    For Sale
    • 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

    2991-3025 Hurley Way Sacramento, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Located near Hurley Way and Morse Ave, Sacramento, CA

    Type:LAND
    Lot size:
    0.79 Acres
    Added:
    Dec 22, 2023
    Days on Market:
    855
    Last Refresh:
    Apr 5 at 11:22 pm

    Property Features for 2991-3025 Hurley Way

    General Information

    Standard status
    Active
    Lot size
    0.79 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Daniel Mueller
    Daniel Mueller

    Listing agent Daniel Mueller

    Listing office Century 21 - Mueller Commercial | Sacramento

    Listing date Dec 22, 2023

    Source Moodyscre

    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 Century 21 - Mueller Commercial | Sacramento

    Overview

    Commercial Land For Sale

    The subject property is located at the northwesterly corner of Hurley Way and Morse Ave, approximately 2.15 miles north of US 50 and 2.80 miles east of Interstate 80. The location is between Arden Way to the north, Watt Avenue to the east, Northrop Avenue to the south, and Fulton Avenue to the west. The property is zoned SC- Shopping Center, a light commercial zone that allows for retail and professional office space. It also provides for the sale of commodities or performance of services, including repair facilities, offices, grocery stores, apartments, as well as potentially mixed-use type of properties.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.393
    Latitude
    38.589

    Nearby Similar for Sale

    • $750,000
      3,612 SF

      Spruce Manor Multifamily Investment Opportunity

      Four-unit property near American River College with income potential.
      5519 Keoncrest Circle, Sacramento, CA 95841
      View Details
    • $750,000
      3,738 SF

      Rosemont Fourplex Investment Opportunity

      Fourplex in desirable Rosemont neighborhood, Sacramento. Close to amenities.
      2840 Norcade Cir, Sacramento, CA 95826
      View Details
    • $475,000
      1,404 SF

      Sacramento Duplex with Rental Income

      Income-producing duplex in Sacramento's East Del Paso Heights neighborhood.
      1852 Grand AVE, SACRAMENTO, CA 95838
      View Details
    • $850,000
      2,555 SF

      Historic Victorian Office Building

      Historic Sacramento office building, potential for residence or multifamily conversion.
      2200 L ST, SACRAMENTO, CA 95816
      View Details
    • $1,225,000
      5,502 SF

      SACRAMENTO Multifamily Residential Property

      Multifamily residential property for sale in SACRAMENTO, CA.
      2408 Empress ST, SACRAMENTO, CA 95815
      View Details
    • $875,000
      3,008 SF

      North Oak Park Fourplex Opportunity

      Fourplex in North Oak Park, Sacramento, with strong rental potential.
      3208 2nd Ave, Sacramento, CA 95817
      View Details
    • $650,000
      3,224 SF

      Two-Story Commercial Building in Curtis Park

      Two-story commercial building with office and retail space.
      2724 24th Street, Sacramento, CA, 95818
      View Details
    • $2,900,000

      Commercial Land in Sacramento

      2.23 acre commercial land for sale or land lease.
      3940 Norwood AVE, SACRAMENTO, CA 95838
      View Details
    • $6,841,000
      14,257 SF

      Sacramento Retail Asset in TowneCentre

      Multi-tenant retail asset in a high-visibility Sacramento location.
      6005 Florin Rd, Sacramento, CA 95823
      View Details
    • $1,330,000
      7,095 SF

      Industrial Building Near Highway 99

      7,095 SF industrial building with freeway access and gated yard.
      3722 W Pacific Ave, Sacramento, CA 95820
      View Details
    • $1,625,000

      Residential Lot in Sacramento

      Almost 5-acre residential lot, ideal for development or personal use.
      3830 Pasadena Avenue, Sacramento, CA 95821
      View Details
    • $1,399,000
      5,320 SF

      East Sacramento Multi-Story Office Building

      Income-producing office building in a sought-after urban neighborhood.
      722 Alhambra, Sacramento, CA 95816
      View Details

    FAQs

    What type of property is this?
    Commercial land - Located near Hurley Way and Morse Ave, Sacramento, CA
    Where is this commercial land located?
    The property is located at 2991-3025 Hurley Way Sacramento, CA.
    What are key features of this property?
    This property features: Zoned SC- Shopping Center, allowing for diverse uses.; Located at the corner of Hurley Way and Morse Ave.; Proximity to major roadways: 2.15 miles North of US 50 and 2.80 miles East of Interstate 80.
    (916) 704-9341 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Daniel Mueller
    Daniel Mueller
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!