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    Property profile & analytics

    1905 Aviation Blvd Lincoln, CA 95648-9557

    • Warehouses
    • 23,617 SF
    • 1.50 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2022
    $3,160,000
    Value Estimations
    $2,945,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9165432
    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

    • Superior Equipment Repair, Inc. / Auto Repair Shop

    Property Details for 1905 Aviation Blvd

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    1.50 lot acres
    Property size
    23,617 SF
    Zone code
    LI
    Property type
    Warehouses
    APN
    021-562-005-000
    APU
    21562005000

    Description

    This exceptional investment opportunity presents a 23,650-square-foot Class B warehouse in Lincoln, California, currently operating at 100% occupancy under a Net Lease agreement. Located at 1905 Aviation Blvd, this single-tenant property boasts a strong 6.65% cap rate and a substantial net operating income (NOI) of $372,000, with an asking price of $5,590,000 ($236.36/sq ft). Built in 1985, the one-story building features four loading docks and sits on a 1.5-acre lot with an adjacent 1.5-acre parcel. The current tenant is interested in a long-term leaseback, providing future owners with financial stability. Planned improvements include roof replacement, additional grade-level doors, and site enhancements to the adjacent parcel (grading, fencing, and gravel). Further enhancing the investment potential, the property includes a revenue-generating cell tower. The property's prime location across from the Lincoln Airport and its potential for future expansion make this a compelling acquisition. APN: 021-562-005, 021-562-007. Rent bumps are included in the lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,445,000
      ML approach
      $2,275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,687,000
      Market price range: $1.57M - $3.69M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,560,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Placer
    State
    California
    Longitude
    -121.338
    Latitude
    38.9096
    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
    2024
    $28,434
    $603,432
    $2,080,800
    $2,684,232
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,270,000
      17,175 SF

      810 1st St

      MINI-WAREHOUSE, STORAGE • 17,175 SF
      810 1st St, Lincoln, CA 95648-1770
      View Details
    • Value Estimation
      $7,070,000
      81,600 SF

      2975 Venture Dr

      WAREHOUSE, STORAGE • 81,600 SF
      2975 Venture Dr, Lincoln, CA 95648-9353
      View Details
    • Value Estimation
      $13,565,000
      155,610 SF

      1401 Aviation Blvd

      WAREHOUSE, STORAGE • 155,610 SF
      1401 Aviation Blvd, Lincoln, CA 95648-9312
      View Details
    • Value Estimation by Request
      13,260 SF

      105 Flocchini Cir

      WAREHOUSE, STORAGE • 13,260 SF
      105 Flocchini Cir, Lincoln, CA 95648-1771
      View Details
    • Value Estimation
      $530,000
      16,896 SF

      107 Flocchini Cir

      WAREHOUSE, STORAGE • 16,896 SF
      107 Flocchini Cir, Lincoln, CA 95648-1771
      View Details
    • Value Estimation by Request
      200 SF

      2480 Athens Ave

      WAREHOUSE, STORAGE • 200 SF
      2480 Athens Ave, Lincoln, CA 95648-9393
      View Details

    Similar Nearby for Sale

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      Pending

      Industrial Zoned Land For Sale

      Industrial zoned lots for sale together in Lincoln, California.
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      Highway 65 Land Parcel

      Land parcel on Highway 65 in Lincoln, California.
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    Similar Nearby for Lease

    • Contact for pricing
      30,000 SF

      Lincoln Warehouse Space Available

      30,000 sq ft warehouse space for lease in Lincoln.
      1501 Aviation Blvd, Lincoln, CA 95648
      View Details
    • Contact for pricing
      7,910 SF

      Light Industrial Flex Space Available

      7,910 SF light industrial space for lease.
      3144 Venture Dr, Lincoln, CA 95648
      View Details
    • Contact for pricing
      77,778 SF

      HVAC Warehouse Space Available

      77,778 sqft warehouse with full HVAC system for rent.
      1601 Aviation Blvd, Lincoln, CA 95648
      View Details
    • Contact for pricing
      57,551 SF

      Office Space in Lincoln, CA

      Office space available for lease in Lincoln, California.
      3071 Venture Dr, Lincoln, CA 95648
      View Details
    • Contact for pricing
      176,013 SF

      Lincoln Warehouse Space Available

      Large warehouse space available for lease in Lincoln, California.
      3225 Venture Dr, Lincoln, CA 95648
      View Details
    • Contact for pricing
      61,231 SF

      Lincoln Warehouse with High Clearance

      61,231 SF warehouse with 28' clearance height for rent.
      2221 Athens Ave, Lincoln, CA 95648
      View Details
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    Lincoln, CA 95648-9557
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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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