Mixed-Use Property with Auto
8864 Greenback Lane, Orangevale, CA 95662
For Sale
$1,500,000
Five office suites accompany a separate automotive service building and yard within the Greenback Lane Special Planning Area.
Property Size7,484 SF
Lot Size0.86 Acres
Price / SF$200.43
Days on Market38
Property Features for 8864 Greenback Lane
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Road Access
Outdoor Storage
Additional Details
Automotive Uses
Office Units
Real Estate Included
Property Use
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
BERKSHIRE HATHAWAY Home Services NorCal Real Estate
Listed By:
John Acord
Source:
Gatedre
Added: Oct 2
Changed: Nov 7
Last Checked: Nov 7 at 5:37PM
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 BERKSHIRE HATHAWAY Home Services NorCal Real Estate
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Investment Insights
Based on property information with market context.
The property combines a multi-suite office and commercial building with a separate automotive service building and yard. The office portion is arranged as five suites, including a larger suite that may be divided further; several suites are vacant. Built in 1978, the improvements support a mix of office and automotive commercial uses.
Located on Greenback Lane near Hazel Avenue, the site is within the Greenback Lane Special Planning Area, GC Subzone. Automotive-related redevelopment is underway on the adjoining property, and commercial construction is progressing across the street.
Located on Greenback Lane near Hazel Avenue, the site is within the Greenback Lane Special Planning Area, GC Subzone. Automotive-related redevelopment is underway on the adjoining property, and commercial construction is progressing across the street.
Key Highlights
- Office and commercial building configured as 5 suites, with several suites vacant
- Separate automotive service building and yard
- Located in the Greenback Lane Special Planning Area, GC Subzone
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,043
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,340,860
$2.3M
Cap Rate 7%
$1,672,043
$1.7M
Cap Rate 9%
$1,300,478
$1.3M
Market Conditions
NOI Build-Up for 7,484 SF
Gross rent
$192.2K $25.68/SF
− Vacancy
−$36.1K −$4.83/SF
EGI
$156.1K $20.85/SF
− OpEx
−$39.0K −$5.21/SF
NOI
$117.0K $15.64/SF
Area
Sacramento County, CA
Vacancy
18.80%
Lease Rate
$25.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,340,860
Cap Rate 7%
$1,672,043
Cap Rate 9%
$1,300,478
Alternative Uses
Best Use
Office B
$1.67M
$1.46M – $1.95M
NOI $117,043 @ 7.0% cap · market cap 7.80%
Second Best
Retail
$1.39M
$1.22M – $1.62M
NOI $97,429 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$1.99M
$1.74M – $2.33M
NOI $139,564 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
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Business Placement
Demographics for 95662, CA
32,688
Population
13,028
Households
2.5
Avg Household Size
43
Median Age
30%
College-Educated
94%
High-School Grad
10.8 sq mi
ZIP Area
3,027
Density / Sq Mi
$93,613
Median Household Income
$52,521
Median Earnings
$1,841
Median Rent
$500,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Sacramento County, CA
Properties on Market for Mixed-use properties in Sacramento County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five office suites accompany a separate automotive service building and yard within the Greenback Lane Special Planning Area.
Where is this mixed-use property located?
The property is located at 8864 Greenback Lane Orangevale, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Office and commercial building configured as 5 suites, with several suites vacant; Separate automotive service building and yard; Located in the Greenback Lane Special Planning Area, GC Subzone
