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    Property profile & analytics

    1006 Riley St Folsom, CA 95630-3266

    • Strip malls
    • 56,200 SF
    • 5.64 lot acres
    OFF-MARKET
    Value Estimations
    $9,135,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0233518
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • 24 Hour Fitness / Gym / Fitness Center
    • Sacramento Skills Academy / Basketball Club
    • SafeSplash Swim School - Folsom / Swimming Instructor

    Property Details for 1006 Riley St

    Year built
    1992
    Lot size
    5.64 lot acres
    Property size
    56,200 SF
    Zone code
    C-2 PD
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    071-0690-028
    APU
    710690028

    Description

    This exceptional 3,127 square foot retail space is available for lease in a thriving Folsom location. Situated within an existing and operational 24 Hour Fitness gym, this property presents a unique opportunity for businesses in the health, wellness, and fitness sectors. Ideal uses include, but are not limited to: martial arts, Brazilian Jiu Jitsu, kickboxing, boxing, self-defense, physical therapy, sports rehabilitation therapy, chiropractic services, therapeutic massage, grappling, drip therapy, weight loss advisory services and related programs, health diagnostic screening and testing, and the sale of sport, health, and wellness products and accessories, including workout apparel. The landlord will consider other complementary fitness and sports uses. Please note that uses involving on-site food and beverage preparation, pole dancing classes, or those requiring extensive construction or utility upgrades are not permitted. This all-inclusive lease includes common area maintenance, property taxes, and utilities (excluding phone, cable, and internet). The property is located in the Folsom submarket cluster of Sacramento, offering excellent access to a large and active customer base. This is a rare opportunity to establish a business within a high-traffic, established fitness facility. Contact us today to learn more about this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,920,000
      6.5%
      $11,000,000
      7%
      $10,215,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Folsom
    County
    Sacramento
    State
    California
    Longitude
    -121.17
    Latitude
    38.6701
    CBSA code
    40900
    CBSA name
    SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2016
    $92,590
    $3,130,068
    $5,176,173
    $8,306,241
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,195,000
      26,500 SF

      618 Bidwell St

      SHOPPING CENTER, STRIP CENTER • 26,500 SF
      618 Bidwell St, Folsom, CA 95630-3121
      View Details
    • Value Estimation
      $985,000
      8,178 SF

      1010 Riley St

      SHOPPING CENTER, STRIP CENTER • 8,178 SF
      1010 Riley St, Folsom, CA 95630-3263
      View Details
    • Value Estimation
      $855,000
      7,980 SF

      1008 Riley St

      SHOPPING CENTER, STRIP CENTER • 7,980 SF
      1008 Riley St, Folsom, CA 95630-3262
      View Details
    • Value Estimation
      $1,460,000
      13,050 SF

      1002 Riley St

      SHOPPING CENTER, STRIP CENTER • 13,050 SF
      1002 Riley St, Folsom, CA 95630-3566
      View Details
    • Value Estimation
      $1,025,000
      10,200 SF

      404 Blue Ravine Rd

      SHOPPING CENTER, STRIP CENTER • 10,200 SF
      404 Blue Ravine Rd, Folsom, CA 95630-3822
      View Details
    • Value Estimation
      $2,885,000
      17,436 SF

      6693 Folsom Auburn Rd

      SHOPPING CENTER, STRIP CENTER • 17,436 SF
      6693 Folsom Auburn Rd, Folsom, CA 95630-2130
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      High-Profile Retail Space in Folsom

      Prominent retail space in a high-traffic Folsom location.
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    Folsom, CA 95630-3266
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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