Flex Building with Fenced
6500 Elvas Avenue Sacramento, CA 95819
6500 Elvas Avenue, Sacramento, CA, 95819
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For Sale
Contact for pricing
Flex property includes a 9,600 SF building and a fenced 16,875 SF yard at a highly visible corner location.
Property Size9,600 SF
Price / SF$218.75
Days on Market147
Property Features for 6500 Elvas Avenue
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Property subtype
- Retail, Industrial
Building Details
- Year Built
- 1972
Listing agency
Turton Commercial Real Estate
Listed by
Kaylyn Ibarra · License #02350645
Source
Crexi
Added: Feb 24 Updated: Jul 21 at 1:50AM Checked: Jul 21 at 10:23AM
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 Turton Commercial Real Estate
Investment Insights
Based on property information with market context.
This flex property includes an approximately 9,600 square foot building and an approximately 16,875 square foot fenced-in yard. The offering is described as a flexible commercial opportunity with zoning and the property configuration supporting a range of retail, service, and commercial uses. In addition, the package is presented as having mixed-use development potential based on proximity to the university.
The property is located near Highway 50 and 65th Street, with the pedestrian entry point on the west side of Sacramento State referenced as Hornet Xing. The site is also positioned on the corner of 65th Street and Elvas Avenue, with the remarks citing exposure to over 15,800 cars per day.
By right, the building parcel is stated to allow up to 74,000 square feet of vertical development (FAR 4:1), and the yard parcel is stated to allow up to 67,500 square feet of development (FAR 4:1). The property is offered as a bundle for sale, or the building and yard are available separately. Leasing is also available for both the building and yard on an NNN basis, as described in the remarks.
The property is located near Highway 50 and 65th Street, with the pedestrian entry point on the west side of Sacramento State referenced as Hornet Xing. The site is also positioned on the corner of 65th Street and Elvas Avenue, with the remarks citing exposure to over 15,800 cars per day.
By right, the building parcel is stated to allow up to 74,000 square feet of vertical development (FAR 4:1), and the yard parcel is stated to allow up to 67,500 square feet of development (FAR 4:1). The property is offered as a bundle for sale, or the building and yard are available separately. Leasing is also available for both the building and yard on an NNN basis, as described in the remarks.
Key Highlights
- Built in 1972, the property includes an approx. 9,600 SF commercial building plus an approx. 16,875 SF fenced‑in yard.
- Corner of 65th St and Elvas Ave with exposure to over 15,800 cars per day; just 0.3 miles to Hwy 50 and 65th St.
- Located under 200 feet from Hornet Xing, the primary pedestrian entry point on the west side of Sacramento State.
Local Financial Insights For Retail
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 | $225.8k | $23.52 |
| − Vacancy | −$13.1k | −$1.36 |
| EGI | $212.7k | $22.16 |
| − OpEx | −$63.8k | −$6.65 |
| NOI | $148.9k | $15.51 |
9,600 SF · lease $23.52/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.13M
$1.86M – $2.48M
NOI $148,887 @ 7.0% cap · market cap 7.09%
Second Best
Flex RnD
$1.50M
$1.31M – $1.75M
NOI $105,019 @ 7.0% cap · market cap 5.00%
Theoretical Best
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,576 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
SiteOne Landscape Supply
Garden Center
Similar For Sale Nearby
Similar Off Market Nearby
- Shef Madres Catering — 5774 Broadway, Sacramento, CA 95820
FAQs
What type of property is this?
Flex space - Flex property includes a 9,600 SF building and a fenced 16,875 SF yard at a highly visible corner location.
Where is this flex space located?
The property is located at 6500 Elvas Avenue Sacramento, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Built in 1972, the property includes an approx. 9,600 SF commercial building plus an approx. 16,875 SF fenced‑in yard.; Corner of 65th St and Elvas Ave with exposure to over 15,800 cars per day; just 0.3 miles to Hwy 50 and 65th St.; Located under 200 feet from Hornet Xing, the primary pedestrian entry point on the west side of Sacramento State.
