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Property profile & analytics
OFF-MARKET Estimated value $1,075,000
Retail space

137 Placerville Dr Placerville, CA 95667-3909

9,229 SF 0.53 ac lot Built 1963
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US09-1954428
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1963
Construction TILT-UP CONCRETE
Total area 9,229 SF
Lot 0.53 ac (23,086 SF)
Zoning code C
APN 325-160-031-000
UPID US09-1954428
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.01M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.09M
Blend (final) Blend
$1.08M
Owner & transaction history
August Jamine LLC · 5 yrs held
August Jamine LLC
since 2021
Last sale
$1.1M
3 recorded transactions
2021
$1.1M
2011
$900,000
1963
Price N/A
Zoning & alternative use
C · Placerville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.8M +55.4%
Commercial (general) $1.7M +47.7%
Office building $1.7M +45.7%
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