Rancho Cordova Office/Flex
For Sale
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3215 Prospect Park Dr, Rancho Cordova, CA 95670
102,000 SF Office/Flex building in Prospect Park sub-market.
Property Size101,000 SF
Price / SF$79
Days on Market992
Property Features for 3215 Prospect Park Dr
General Information
Standard status
Active
Size
101,000 SF
Property subtype
Office
Building Details
Stories
1
Listing Agency:
Ethan Conrad Properties Inc
Listed By:
Ethan Conrad · License #CA 01298662
(916) 779-1000
Source:
Crexi
Added: Jan 18, 2024
Changed: Sep 23
Last Checked: Oct 5 at 3:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ethan Conrad Properties Inc
Investment Insights
Based on property information with market context.
This approximately 102,000 square foot office/flex building is situated in the Prospect Park sub-market of Sacramento County, with a central location along Highway 50. Constructed in 1987 as part of Capital Center, the property benefits from its OPMU zoning, which accommodates a diverse range of uses. These include medical facilities, offices, schools, religious institutions, manufacturing, research and development, and gym or sports facilities. The location offers convenient access to Highway 50 via Zinfandel Drive and Sunrise Boulevard. Numerous retail and restaurant amenities are located nearby.
Key Highlights
- ±102,000 SF Office/Flex building.
- Excellent access to Hwy 50 via Zinfandel Drive and Sunrise Blvd.
- Zoned OPMU allowing for a variety of uses (medical, office, schools, religious institutions, manufacturing, R&D, gym/sports facilities).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$637,997
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,759,940
$12.8M
Cap Rate 7%
$9,114,243
$9.1M
Cap Rate 9%
$7,088,856
$7.1M
Market Conditions
NOI Build-Up for 101,000 SF
Gross rent
$969.6K $9.60/SF
− Vacancy
−$58.2K −$0.58/SF
EGI
$911.4K $9.02/SF
− OpEx
−$273.4K −$2.71/SF
NOI
$638.0K $6.32/SF
Area
Sacramento County, CA
Vacancy
6.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,759,940
Cap Rate 7%
$9,114,243
Cap Rate 9%
$7,088,856
Alternative Uses
Best Use
Office B
$22.57M
$19.74M – $26.33M
NOI $1,579,551 @ 7.0% cap · market cap 19.80%
Second Best
Flex RnD
$21.86M
$19.13M – $25.51M
NOI $1,530,325 @ 7.0% cap · market cap 19.18%
Theoretical Best
Office A
$26.91M
$23.54M – $31.39M
NOI $1,883,477 @ 7.0% cap · market cap 23.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
911
Businesses Nearby
Explore this area
Business Placement
Demographics for 95670, CA
57,988
Population
22,779
Households
2.5
Avg Household Size
38
Median Age
32%
College-Educated
89%
High-School Grad
12.9 sq mi
ZIP Area
4,495
Density / Sq Mi
$90,414
Median Household Income
$47,271
Median Earnings
$1,693
Median Rent
$463,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 102,000 SF Office/Flex building in Prospect Park sub-market.
Where is this office building located?
The property is located at 3215 Prospect Park Dr Rancho Cordova, CA.
What is the asking price?
The asking price for this property is $7,979,000.
What are key features of this property?
This property features: ±102,000 SF Office/Flex building.; Excellent access to Hwy 50 via Zinfandel Drive and Sunrise Blvd.; Zoned OPMU allowing for a variety of uses (medical, office, schools, religious institutions, manufacturing, R&D, gym/sports facilities).
