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    640 Placerville Dr Placerville, CA 95667

    Sponsored
    For Sale
    $400,000

    Prime Placerville Office w/ Apartment Income

    Property size:
    1,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 1,600 square foot Class B executive office building situated on a 0.19-acre lot in Placerville, California. The property, located at 640 Placerville Drive, boasts a highly visible location right next to Home Depot, ensuring excellent exposure. Built in 1950 and extensively renovated approximately 8-10 years ago, the building features a two-story design, offering approximately 800 square feet of vacant office space and an additional 800 square feet currently leased as a one-bedroom, one-bathroom apartment generating $1,200 per month in month-to-month rental income. This presents an ideal owner-user scenario with supplemental income potential. The property includes exclusive rear parking and is zoned C-Commercial (APN# 323-580-005-000). The asking price is $400,000. The building is also available for lease at $1.75 per square foot, modified gross (tenant responsible for utilities, janitorial services, and data/phone). This presents a rare chance to acquire a well-maintained, income-producing property in a high-traffic area of Placerville. The property's combination of office space and a rental apartment makes it a unique and attractive investment.

    Property Features for 640 Placerville Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,600 SF
    Class
    B
    Lot Size
    8,276 SF

    Building Details

    Year Built/Renovated
    1950/2014
    Stories
    2

    HighLights

    • $400,000 asking price.
    • $1.75/SF modified gross lease rate (tenant pays utilities, janitorial, and data/phone).
    • 1,600 SF two‑story building with approximately 800 SF of vacant office space.
    • 800 SF, one‑bedroom, one‑bathroom apartment generating $1,200/month in month‑to‑month rent.
    • Ideal owner‑user opportunity with supplemental rental income.
    • Exclusive rear parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Placerville
    County
    El Dorado
    State
    California
    Longitude
    -120.8230866
    Latitude
    38.7318741

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Placerville Office w/ Apartment Income
    Where is this office property / space located?
    The property is located at 640 Placerville Dr Placerville, CA.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: $400,000 asking price.; $1.75/SF modified gross lease rate (tenant pays utilities, janitorial, and data/phone).; 1,600 SF two-story building with approximately 800 SF of vacant office space.
    Request Owner's contact information
    640 Placerville Dr Placerville, CA 95667
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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
    640 Placerville Dr Placerville, CA 95667
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