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    2941 Sunrise Blvd Rancho Cordova, CA 95742

    Sponsored
    For Lease
    $19 SF/Yr ($10,990 /Mo)

    Prime Office Suites, Fully Remodeled

    Lot size:
    6,912 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    414
    This exceptional Rancho Cordova office property, known as Plaza de Oro, offers 6,912 square feet of completely remodeled space, currently available for lease. Located at 2941 Sunrise Blvd, Rancho Cordova, CA 95742, this traditional office building boasts significant upgrades. The exterior, landscaping, and parking lot have all undergone a complete transformation, enhancing the overall aesthetic appeal and functionality. Furthermore, all common areas and available suites have been meticulously remodeled, providing a modern and inviting work environment. The property is multi-tenant, allowing for flexibility in lease terms and space requirements. Individual suites range from a minimum of 1,429 square feet to a maximum contiguous space of 5,483 square feet. The entire 6,912 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to lease individual suites. Situated in Sacramento County, this property offers convenient access to major transportation routes and amenities. This is an ideal location for businesses seeking a high-quality, updated office space in a desirable area. The property's recent renovations ensure a modern and efficient workspace, ready for immediate occupancy. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 2941 Sunrise Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,912 SF
    Total Rate
    10990.08

    Unit(s) available at that property

    Space
    Suite 200
    Size
    1,079 SF
    Rate per SF
    $19
    Space
    Suite 230
    Size
    1,704 SF
    Rate per SF
    $19
    Space
    Suite 270
    Size
    152 SF

    We can help!

    Listing Contact
    Todd Newburn
    Todd Newburn

    Learn more

    Property Insight Report

    HighLights

    • Various office suites available for lease.
    • Monument and building signage opportunities available.
    • Located at a signalized intersection with excellent visibility.
    • High visibility from Sunrise Boulevard.
    • Three‑minute drive to Highway 50.
    • Five on‑site restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    MAKE N BUILD ... General Contractor AllureCare Home Health Care Service Bob Wolfe: Primerica ... Financial Consultant Knights Of Columbus - Cabral ... Corporate Office Condor Earth Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Building Supply Wholesale Shop Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rancho Cordova
    County
    Sacramento
    State
    California
    Longitude
    -121.2649724
    Latitude
    38.5964921

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Suites, Fully Remodeled
    Where is this office property / space located?
    The property is located at 2941 Sunrise Blvd Rancho Cordova, CA.
    What is the lease rate?
    The lease rate is $0.00-$19 SF/Yr.
    What are key features of this property?
    This property features: Various office suites available for lease.; Monument and building signage opportunities available.; Located at a signalized intersection with excellent visibility.
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2941 Sunrise Blvd Rancho Cordova, CA 95742
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    We can help!
    Listing Contact
    Todd Newburn
    Todd Newburn
    Real Estate License ID: 01226238
    Learn more
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