Automotive Repair Facility on Fair
For Sale
Contact for pricing
Pending
7349 Fair Oaks Blvd, Carmichael, CA 95608
1,760 SF automotive repair shop on 0.5-acre parcel.
Property Size1,760 SF
Lot Size0.50 Acres
Days on Market154
Property Features for 7349 Fair Oaks Blvd
General Information
Standard status
Pending
Size
1,760 SF
Lot size
0.50 Acres
Property subtype
Retail
Zoning
LC (Limited Commercial)
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Owner/User
Building Details
Year Built
1963
Tenancy
Single
Listing Agency:
JACKS Commercial Real Estate - Sacramento
(916) 837-3456
Listed By:
Brian Jacks · License #CA 01217349
Source:
Crexi
Added: Mar 15
Changed: Aug 8
Last Checked: Jul 24 at 5:42PM
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 JACKS Commercial Real Estate - Sacramento
Investment Insights
Based on property information with market context.
This automotive repair facility, encompassing approximately 1,760 square feet on a 0.5-acre parcel, presents a rare opportunity for an owner-user in a highly visible infill location. The property has functioned as an automotive repair shop for 25 years. It includes an office, waiting room, two restrooms, and a 400 square foot metal garage located at the rear of the building. The facility is equipped with three drive-through service bays and two hydraulic lifts. Security is enhanced by fully fenced gates, and parking is available for over 30 vehicles. Situated on the corner of Fair Oaks Boulevard and Gibbons Drive, the site offers approximately 265 feet of street frontage and pole signage, with exposure to around 43,427 vehicles per day. The location benefits from visibility within Carmichael’s established "Main Street" corridor, near retail, restaurants, and employment centers. Currently occupied on a month-to-month basis since July 2000, the property offers flexibility for an owner-user or investor. The tenant pays below market rent of $2,580 per month plus electricity, water and garbage. The site was originally developed as a Texaco Service Station. Underground fuel tanks were previously removed and a September 2000 Phase II subsurface investigation reported soil contamination that was never remediated. This property is an ideal acquisition for an automotive repair shop operator.
Key Highlights
- High‑visibility corner location on Fair Oaks Blvd & Gibbons Dr with 265 ft frontage and 43,427 cars per day exposure.
- Established automotive repair facility with 3 drive‑through service bays and two hydraulic lifts.
- Large 1/2‑acre parcel with parking for 30+ vehicles and fully fenced security gates.
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
$22,912
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
2.88%
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%
$458,240
$458.2K
Cap Rate 7%
$327,314
$327.3K
Cap Rate 9%
$254,578
$254.6K
Market Conditions
NOI Build-Up for 1,760 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
$34.6K $19.68/SF
− Vacancy
−$1.9K −$1.08/SF
EGI
$32.7K $18.60/SF
− OpEx
−$9.8K −$5.58/SF
NOI
$22.9K $13.02/SF
Area
Sacramento County, CA
Vacancy
5.50%
Lease Rate
$19.68 /SF/Yr
Expense Ratio
30.00%
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%
$458,240
Cap Rate 7%
$327,314
Cap Rate 9%
$254,578
Alternative Uses
Best Use
Retail
$327.3K
$286.4K – $381.9K
NOI $22,912 @ 7.0% cap · market cap 2.88%
Second Best
Industrial
$158.8K
$139.0K – $185.3K
NOI $11,118 @ 7.0% cap · market cap 1.40%
Theoretical Best
Office A
$468.9K
$410.3K – $547.0K
NOI $32,821 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,070
Businesses Nearby
108k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Groceries 13%
Shops & Services 12%
Home Improvements & Furnishings 8%
McDonald's
Dining
22,007 visits/mo
0.3 miles
Starbucks
Dining
14,102 visits/mo
0.3 miles
Smart & Final
Groceries
13,484 visits/mo
0.2 miles
Burger King
Dining
9,899 visits/mo
0.2 miles
Ace Hardware
Home Improvements & Furnishings
8,787 visits/mo
0.5 miles
Demographics for 95608, CA
65,367
Population
27,312
Households
2.4
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
13.2 sq mi
ZIP Area
4,952
Density / Sq Mi
$83,638
Median Household Income
$45,625
Median Earnings
$1,549
Median Rent
$565,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- AAA Auto Glass Mobile Windshield repair and replacement — 3313 Mensch Ct C, Carmichael, CA 95608
- American Tire and Auto Service — 6800 Fair Oaks Blvd, Carmichael, CA 95608
- Midas — 6840 Fair Oaks Blvd, Carmichael, CA 95608
- Kauderer & Associates — 6833 Fair Oaks Blvd suite b, Carmichael, CA 95608
- American Eagle Body Shop — 6801 Fair Oaks Blvd, Carmichael, CA 95608
Frequently Asked Questions
What type of property is this?
Auto shop - 1,760 SF automotive repair shop on 0.5-acre parcel.
Where is this auto shop located?
The property is located at 7349 Fair Oaks Blvd Carmichael, CA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: High‑visibility corner location on Fair Oaks Blvd & Gibbons Dr with 265 ft frontage and 43,427 cars per day exposure.; Established automotive repair facility with **3 drive‑through service bays and two hydraulic lifts.**; Large 1/2‑acre parcel with parking for 30+ vehicles and fully fenced security gates.
