Current Use by Public Records
- Air Tech 24 Heating and Air Conditioning / Hardware & Home Improvement / HVAC Service
- Howe Dental Care / Dental Office
- Yasuda Kenneth T DDS / Dental Office
- Adams Candace / Physician / Medical Clinic
- 24Webstudio / Marketing & Advertising / (Bike/Boat/Book/etc) Store
Property Details for 650 Howe Ave
- Year built
- 1972
- Property type
- Office Spaces
- Property subtype
- Office Units
Description
This exceptional Sacramento office building, located at 650 Howe Ave, #700, presents a compelling investment opportunity. The 4,514 square foot property, built in 1972 and renovated in 1995, boasts a strong 7.74% cap rate and a Net Operating Income (NOI) of $77,400 annually. Currently 100% occupied since May 24, 2010, with three tenants under a gross lease structure, this single-story building offers ease of management. Tenants include a medical office, a hair salon (operating for over 14 years), and a church (with a 4-year lease and 5-year options). The asking price is $999,999, translating to $221.53 per square foot and $333,333 per unit. The property is zoned BP (Business Professional) and features a total of three units. Annual expenses include a $895 monthly HOA fee (covering exterior roof, walls, and parking, plus gas), $200 monthly for water and sewer, and $120-$150 monthly for electricity. The property's strong tenant base and consistent income stream make it an attractive investment for discerning buyers. The APN is 29400600070003. This sale is offered as a sale/leaseback.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.414
- Latitude
- 38.5768
