Citrus Heights Medical
For Sale
Contact for pricing
6337 Matheny Way, Citrus Heights, CA 95621
Medical facility with surgery center and clinic/office space for sale.
Property Size6,250 SF
Price / SF$260
Days on Market887
Property Features for 6337 Matheny Way
General Information
Standard status
Active
Size
6,250 SF
Class
B
Property subtype
Office
Zoning
Business Professional
Lease Type
NNN
Investment Type
Stabilized
Building Details
Year Built
1986
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Cushman & Wakefield - Sacramento, California
(916) 769-3141
Listed By:
Lisa Stanley · License #CA 01340056
Source:
Crexi
Added: Mar 21, 2024
Changed: Aug 14
Last Checked: Aug 24 at 1:01PM
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 Cushman & Wakefield - Sacramento, California
Investment Insights
Based on property information with market context.
This property offers an owner/user opportunity with a tenant expressing interest in negotiating a lease buyout, potentially during escrow. The building is currently vacant. It features a ±2,152 SF surgery center and ±3,125 SF of clinic/office space. The surgery center is a fully functional, 2-room, state-of-the-art, Medicare-approved Ambulatory Surgical Center (ASC). Additionally, ±1,000 SF of clinic/office space is located within the 2-hour firewall of the ASC and could be incorporated as part of the ASC. The property is located at 6337 Matheny Way, Citrus Heights, CA 95621 and has a total size of 6,250 SF.
Key Highlights
- Fully functional, 2‑room, state‑of‑the‑art, Medicare‑approved Ambulatory Surgical Center (ASC)
- ±2,152 SF Surgery Center and ±3,125 SF Clinic/Office space
- ±1,000 SF of clinic/office space within the 2‑hour firewall of the ASC
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
$63,617
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
3.91%
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%
$1,272,340
$1.3M
Cap Rate 7%
$908,814
$908.8K
Cap Rate 9%
$706,856
$706.9K
Market Conditions
NOI Build-Up for 6,250 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
$114.8K $18.36/SF
− Vacancy
−$8.7K −$1.40/SF
EGI
$106.0K $16.96/SF
− OpEx
−$42.4K −$6.79/SF
NOI
$63.6K $10.18/SF
Area
Sacramento County, CA
Vacancy
7.60%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
40.00%
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%
$1,272,340
Cap Rate 7%
$908,814
Cap Rate 9%
$706,856
Alternative Uses
Best Use
Healthcare Medical
$908.8K
$795.2K – $1.06M
NOI $63,617 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,552 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
Explore this area
Business Placement
Demographics for 95621, CA
42,941
Population
17,284
Households
2.5
Avg Household Size
40
Median Age
20%
College-Educated
90%
High-School Grad
6.7 sq mi
ZIP Area
6,409
Density / Sq Mi
$77,377
Median Household Income
$43,789
Median Earnings
$1,776
Median Rent
$401,900
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical center - Medical facility with surgery center and clinic/office space for sale.
Where is this medical center located?
The property is located at 6337 Matheny Way Citrus Heights, CA.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Fully functional, 2‑room, state‑of‑the‑art, Medicare‑approved Ambulatory Surgical Center (ASC); ±2,152 SF Surgery Center and ±3,125 SF Clinic/Office space; ±1,000 SF of clinic/office space within the 2‑hour firewall of the ASC
