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Property profile & analytics
FOR LEASE
Strip malls

2648 Watt Ave Sacramento, CA 95821

14,500 SF 1.11 ac lot Built 1992
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US09-3050360
Property summary
AI-generated overview

This exceptional retail property, located at 2648 Watt Avenue in Sacramento, California, offers a substantial 4,774 square feet of leasable space. Currently entirely vacant, this presents a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to collaborate and create a vibrant retail hub. The property is classified as retail and is situated in Sacramento County, zip code 95821. Its prime location on Watt Avenue offers excellent visibility and accessibility for customers. The building's total square footage is 4,774 square feet, all of which is readily available for lease. This presents a blank canvas for a business seeking to establish a strong presence in a bustling Sacramento neighborhood. The property's address is easily accessible and benefits from high traffic volume, making it an ideal location for a variety of retail businesses. The building is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire further to explore the possibilities this versatile space offers. The property is situated at 38.6135701 latitude and -121.3820805 longitude. This is a multi-tenant property, although currently fully vacant. Serious inquiries only.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1992
Construction WOOD
Total area 14,500 SF
Lot 1.11 ac (48,351 SF)
Zoning code SC
APN 269-0090-058-0000
UPID US09-3050360
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
Current use
Occupant on record · Public records
  • Subway Take-out & Catering Catering Service
  • Garage Do​ors Repa​ir Auto Parts Store
  • Starbucks Cafe & Coffee Shop
  • Don Quixote's Mexican Grill Restaurant
  • Two Hands Corn dogs Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.43M
CAP Approach CAP
$4.20M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.31M
Owner & transaction history
Sunridge Investments LLC · 4 yrs held
Sunridge Investments LLC
since 2022
Last sale
$3.2M
7 recorded transactions
2022
$3.2M
2018
Price N/A
2017
$3.2M
2015
$9.4M
2014
$2.0M
2007
Price N/A
1969
Price N/A
Zoning & alternative use
SC · Sacramento, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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