Two-Unit Professional Office
6339 Matheny Way Citrus Heights, CA 95621
6339 Matheny Way, Citrus Heights, CA, 95621
$1,399,000
Pending
For Sale
$1,399,000
Pending
Two-unit professional office building with one leased through 2030 and one recently updated, vacant suite.
Property Size6,640 SF
Days on Market103
Property Features for 6339 Matheny Way
General Information
- Standard status
- Pending
- Size
- 6,640 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1986
Listing agency
Grounded R.E.
(916) 905-2801
Listed by
Alina Kichko · License #02251102
Source
Exitrealty
Added: Apr 10 Updated: Jul 21 at 2:39AM Checked: Jul 21 at 4:52AM
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 Grounded R.E.
Investment Insights
Based on property information with market context.
This professional office building totals 6,640 SF and is configured as two separate units. One unit is currently leased through 2030, and the other was recently updated and is vacant. The layout is described as functional for a variety of professional uses, offering flexibility for an owner-user or an investor seeking additional rental income.
The property is positioned in the heart of Citrus Heights and is described as conveniently located near major freeways, shopping, and amenities. The building also includes ample on-site parking, supporting day-to-day tenant and visitor access.
The property is positioned in the heart of Citrus Heights and is described as conveniently located near major freeways, shopping, and amenities. The building also includes ample on-site parking, supporting day-to-day tenant and visitor access.
Key Highlights
- Two‑unit professional office building totaling 6,640 SF
- One suite is leased through 2030 for long‑term rental income
- Second suite is recently updated and currently vacant
Local Financial Insights For Office B
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 | $170.5k | $25.68 |
| − Vacancy | −$32.1k | −$4.83 |
| EGI | $138.5k | $20.85 |
| − OpEx | −$34.6k | −$5.21 |
| NOI | $103.8k | $15.64 |
6,640 SF · lease $25.68/SF/yr · vacancy 18.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.48M
$1.30M – $1.73M
NOI $103,844 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,825 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two-unit professional office building with one leased through 2030 and one recently updated, vacant suite.
Where is this office units located?
The property is located at 6339 Matheny Way Citrus Heights, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Two‑unit professional office building totaling 6,640 SF; One suite is leased through 2030 for long‑term rental income; Second suite is recently updated and currently vacant
