310 Walsh Ave Hamilton City, CA 95951
- Warehouses
- 22,200 SF
- 0.98 lot acres
Current Use by Public Records
- Warehouses
Property Details for 310 Walsh Ave
- Year built
- 1950
- Lot size
- 0.98 lot acres
- Property size
- 22,200 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
Exceptional investment opportunity: a 22,200-square-foot single-story warehouse in Hamilton City, CA. This property, located at 310 Walsh Ave, 95951, boasts a substantial 0.98-acre lot and offers a projected annual net operating income (NOI) of $242,360, resulting in a compelling pro-forma capitalization rate of 22.44%. Built in 1950 and renovated in 2017, the building is currently vacant and zoned M (M-Industrial), providing flexibility for various industrial or warehouse uses. The asking price is $1,080,000, translating to $48.65 per square foot. Features include 20 parking spaces and a gross lease structure. Previously used as a skate ball event center, this property presents a unique chance for owner-users or investors seeking strong returns. The property's assessed parcel number (APN) is 032-092-006-000. A potential gross rent of $266,400 is projected based on a $1 per square foot rate. This is a single-unit property.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hamilton City
- County
- Glenn
- State
- California
- Longitude
- -122.011
- Latitude
- 39.7421
