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    5240 Rio Linda Blvd Sacramento, CA 95838

    For Sale
    $1,285,000

    1.38 Acres, Prime Location, Reduced Price

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.38-acre development site, located at 5240 Rio Linda Blvd in Sacramento, CA 95838 (APN 226-0102-001), presents a unique investment opportunity. Zoned C-1-R Commercial/Multi-Family Residential, this triangular parcel boasts high visibility from Rio Linda Boulevard. Approved plans are in place for a 43-unit apartment complex, making this a turnkey project ready for immediate development. The land is priced at $1,285,000 ($5.94/SF), representing a significant price reduction from the previous listing. The property benefits from its proximity to schools and a nearby bike trail, enhancing its appeal. City of Sacramento services are readily available. Furthermore, the project directly abuts a planned single-unit family residential development, suggesting strong future neighborhood growth. This is a rare chance to acquire a well-positioned, ready-to-build residential development site in a thriving Sacramento location. Don't miss this opportunity to capitalize on the strong demand for multi-family housing in this area.

    Property Features for 5240 Rio Linda Blvd

    General Information

    Property type
    Land
    Lot Size
    60,113 SF

    HighLights

    • Excellent schools nearby.
    • Property borders a bike trail.
    • Served by City of Sacramento utilities and services.
    • Adjacent to a planned single‑family residential development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.448029
    Latitude
    38.66424

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    FAQs

    What type of property is this?
    Land - 1.38 Acres, Prime Location, Reduced Price
    Where is this land located?
    The property is located at 5240 Rio Linda Blvd Sacramento, CA.
    What is the asking price?
    The asking price for this property is $1,285,000.
    What are key features of this property?
    This property features: Excellent schools nearby.; Property borders a bike trail.; Served by City of Sacramento utilities and services.
    Request Owner's contact information
    5240 Rio Linda Blvd Sacramento, CA 95838
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    Sacramento, CA 95838
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    Realmo Value Estimation

    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.

    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.

    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
    5240 Rio Linda Blvd Sacramento, CA 95838
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