137 Placerville Dr Placerville, CA 95667-3909
- Retail space
- 9,229 SF
- 0.53 lot acres
Jun 22, 2021
Current Use by Public Records
- Retail space
Property Details for 137 Placerville Dr
- Year built
- 1963
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.53 lot acres
- Property size
- 9,229 SF
- Zone code
- C
- Property type
- Retail space
- APN
- 325-160-031-000
- APU
- 325160031000
Description
This exceptional investment opportunity presents a fully leased 9,400 square foot retail/industrial building situated on the prime retail corridor of Placerville Drive in Placerville, California. The property sits on a 0.53-acre lot and offers a compelling blend of stable tenancy and strong cash flow, making it ideal for investors seeking a low-maintenance, high-return asset. Currently 100% occupied, the building boasts a diverse mix of national and local credit tenants, ensuring consistent income generation. The modified gross leases structure the operating expenses to be proportionally shared by the tenants, minimizing the owner's operational burden. This translates to a highly attractive 7.0% capitalization rate on the asking price of $1,650,900. The property's location on a busy retail thoroughfare ensures high visibility and accessibility, further enhancing its investment appeal. This is a turnkey investment opportunity with a proven track record of stable occupancy and strong tenant relationships, providing a secure and profitable addition to any investment portfolio. The property's size and tenant mix offer a balanced approach to risk and reward, making it an attractive option for both seasoned and emerging investors in the commercial real estate market. The current lease agreements provide a solid foundation for long-term financial stability and predictable income streams. This is a rare opportunity to acquire a well-managed, high-performing asset in a desirable location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,025,000
- ML approach
- $1,010,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,088,000
Market price range: $664k - $1.73M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,140,000 Current use
- MEDICAL BUILDING
- $1,770,000 Change: +55% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,685,000 Change: +48% Conversion: Easy
- OFFICE BUILDING
- $1,660,000 Change: +46% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,595,000 Change: +40% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Placerville
- County
- El Dorado
- State
- California
- Longitude
- -120.836
- Latitude
- 38.7252
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
