5345 Madison Ave Sacramento, CA 95841-3141
- Office buildings
- 25,105 SF
- 1.85 lot acres
Jul 21, 2023
Current Use by Public Records
- Eat Farm to Fork / Media Company
- KDND / Radio Broadcaster
- 98 Rock / Radio Broadcaster
- KCTC / Radio Broadcaster
- Kkdo / Radio Broadcaster
Property Details for 5345 Madison Ave
- Year built
- 1989
- Construction
- WOOD
- Lot size
- 1.85 lot acres
- Property size
- 25,105 SF
- Zone code
- BP
- Property type
- Office buildings
- APN
- 230-0053-004-0000
- APU
- 23000530040000
Description
This exceptional investment opportunity presents a single-story, Class B office building situated on a 1.85-acre lot at 5345 Madison Ave, Sacramento, CA 95841. The property boasts 25,105 rentable square feet, currently 40% occupied, and offers a compelling 6.93% cap rate with a $312,000 NOI. Built in 1989 and renovated in 2016, the building features a multi-tenant design, providing flexibility for diverse tenants. Its strategic location on Madison Avenue, a major commercial corridor with approximately 55,000 cars daily, and its proximity (1.2 miles) to Interstate 80, ensures high visibility and accessibility. The property includes separate meters for easy multi-tenant management and a gated parking lot for enhanced security. The asking price is $4,500,000, translating to $179.25 per square foot. The property is zoned BP and features a convenient single-story design. This is an excellent opportunity for investors seeking a strong return in a thriving Sacramento market. The property's 2016 renovation ensures modern amenities and functionality. The building's multi-tenant layout offers diverse income streams and potential for future lease growth. The substantial lot size provides ample space for expansion or future development. This property offers a rare combination of location, income, and potential for appreciation.
Value Estimations
-
AI approach
- Estimation
- $2,460,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,030,000
- 6.5%
- $2,080,000
- 7%
- $1,865,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,885,000
- Geo Method
- $2,210,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,640,000
- Retail
- $1,820,000
- Mixed-Use
- $2,085,000
- Hospitality
- $2,165,000
- Educational
- $2,015,000
- Residential Income
- $2,160,000
- Energy
- $1,860,000
- Income-Based Land
- $1,990,000
- Food Service
- $1,615,000
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Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.339
- Latitude
- 38.6613
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA