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    10947 Olson Dr Rancho Cordova, CA 95670

    For Lease
    $16 SF/Yr

    ±220,000 SF Shopping Center, prime Rancho Cordova location.

    Lot size:
    219,216 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Koreana Plaza, located at 10947 Olson Dr, Rancho Cordova, CA 95670, presents a significant retail investment opportunity. This ±220,000 square foot strip center, built in 1984, sits on a substantial 27-acre lot and offers multiple tenancy options. The property boasts a minimum divisible space of 975 square feet, with a maximum contiguous space available of 76,158 square feet, providing flexibility for a range of tenants. The center is anchored by Floor & Decor and KP International Market, a key driver of significant foot traffic. KP International Market's diverse offerings attract over 1.2 million customers annually, catering to a broad demographic with Asian, European, Hispanic, and American products and food. This strong anchor tenant contributes to the center's robust performance and consistent customer base. Furthermore, Koreana Plaza benefits from its strategic location within a thriving commercial area, surrounded by over 12 million square feet of office and industrial space, ensuring a substantial daytime population and consistent customer flow. This established shopping center offers a compelling opportunity for investors seeking a well-positioned retail property in a high-demand area of Rancho Cordova. The property's size and location make it an ideal investment for both established businesses and new ventures seeking a prominent presence in a bustling community.

    Property Features for 10947 Olson Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    219,216 SF
    Total Rate
    295941.6

    Building Details

    Year Built
    1984

    Unit(s) available at that property

    Space
    Suite 711
    Size
    2,740 SF
    Rate per SF
    $16
    Space
    Suite 405
    Size
    2,750 SF
    Rate per SF
    $28
    Space
    Suite 710
    Size
    1,373 SF
    Rate per SF
    $24
    Space
    Suite 712
    Size
    1,300 SF
    Rate per SF
    $21
    Space
    Suite 709
    Size
    2,252 SF
    Rate per SF
    $21

    HighLights

    • Large destination shopping center totaling ±220,000 square feet on a 27‑acre lot.
    • Abundant parking available.
    • Monument and pylon signage for high visibility.
    • Strong demographics supported by over 1.2 million annual customers at the KP International Market anchor tenant.
    • Close proximity to the freeway for convenient access.
    • Retail hub in Rancho Cordova, surrounded by over 12 million square feet of office and industrial space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Luxy Anna Make-Up Artist Mochinut Bakery Osaki Massage Chair ... Furniture Store South Pacific & Asian ... Indian Grocery Store Halal Mart Market ... Supermarket

    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
    Rancho Cordova
    County
    Sacramento
    State
    California
    Longitude
    -121.2831871
    Latitude
    38.5962714

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    FAQs

    What type of property is this?
    Neighborhood center - ±220,000 SF Shopping Center, prime Rancho Cordova location.
    Where is this neighborhood center located?
    The property is located at 10947 Olson Dr Rancho Cordova, CA.
    What is the lease rate?
    The lease rate is $16-$28 SF/Yr.
    What are key features of this property?
    This property features: Large destination shopping center totaling ±220,000 square feet on a 27-acre lot.; Abundant parking available.; Monument and pylon signage for high visibility.
    Request Owner's contact information
    10947 Olson Dr Rancho Cordova, CA 95670
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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
    10947 Olson Dr Rancho Cordova, CA 95670
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