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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2969 Prospect Park Dr Rancho Cordova, CA 95670

    • Office buildings
    • 46,768 SF
    • 3.44 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2768799
    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

    • Siemens / Engineer / Engineering Consultant
    • TEKsystems / Employment Agency
    • Caltrans-DOT / State Government Office
    • Civil Bureau Office / Government Office

    Property Details for 2969 Prospect Park Dr

    Year built
    1983
    Construction
    TILT-UP CONCRETE
    Lot size
    3.44 lot acres
    Property size
    46,768 SF
    Zone code
    OIMU
    Property type
    Office buildings
    APN
    072-0590-014-0000
    APU
    7205900140000

    Description

    This exceptional two-story office building, located at 2969 Prospect Park Drive in Rancho Cordova, California (zip code 95670), offers a prime opportunity for businesses seeking executive office space. The building boasts a total of 46,182 square feet, with multiple tenancy options available. Currently, there are 12,052 square feet of vacant space ready for immediate occupancy. Flexible lease terms are available for spaces ranging from a minimum of 4,340 square feet to a maximum contiguous space of 7,712 square feet, catering to a variety of business needs and sizes. The property is conveniently situated in Sacramento County and provides ample parking, with a ratio of 4.0 parking spaces per 1,000 square feet. The building's classification as "Executive Office, Professional" reflects its high-quality construction and finishes, ideal for businesses seeking a sophisticated and professional image. This is a rare opportunity to secure premium office space in a desirable location. Contact us today to schedule a viewing and explore the possibilities for your business. The property is categorized as Office and Subtype Executive Office, Professional.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,697,000
      Market price range: $4.15M - $10.3M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $7,105,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rancho Cordova
    County
    Sacramento
    State
    California
    Longitude
    -121.277
    Latitude
    38.595
    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
    $76,815
    $1,200,000
    $5,200,000
    $6,400,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6.28 Acres

      2729 Prospect Park Dr

      OFFICE BUILDING (MULTI-STORY) • 6.28 Acres
      2729 Prospect Park Dr, Rancho Cordova, CA 95670-6291
      View Details
    • Value Estimation
      $8,420,000
      82,441 SF

      10845 International Dr

      OFFICE BUILDING (MULTI-STORY) • 82,441 SF
      10845 International Dr, Rancho Cordova, CA 95670-7358
      View Details
    • Value Estimation
      $1,085,000
      22,500 SF

      10933 Trade Ctr Dr

      OFFICE BUILDING • 22,500 SF
      10933 Trade Ctr Dr, Rancho Cordova, CA 95670-6181
      View Details
    • Value Estimation
      $27,570,000
      192,500 SF

      10850 White Rock Rd

      OFFICE BUILDING (MULTI-STORY) • 192,500 SF
      10850 White Rock Rd, Rancho Cordova, CA 95670-6044
      View Details
    • Value Estimation
      $8,140,000
      72,302 SF

      10951 White Rock Rd

      OFFICE BUILDING (MULTI-STORY) • 72,302 SF
      10951 White Rock Rd, Rancho Cordova, CA 95670-6366
      View Details
    • Value Estimation
      $7,175,000
      49,954 SF

      2920 Kilgore Rd

      OFFICE BUILDING (MULTI-STORY) • 49,954 SF
      2920 Kilgore Rd, Rancho Cordova, CA 95670-6157
      View Details

    Similar Nearby for Sale

    • $3,399,000
      13,660 SF

      Rancho Cordova Office Building

      Office building for sale in Rancho Cordova, CA.
      3017 Gold Canal Dr, Rancho Cordova, CA 95670
      View Details
    • $4,618,525
      12,110 SF

      Professional Office Campus For Sale

      Office campus with park environment, convenient highway access and parking.
      2366 Gold Meadow Way, Gold River, CA 95670
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      35,134 SF

      Gold River Office Building

      Office building available for sale in Gold River, CA.
      12150 Tributary Point Dr, Gold River, CA 95670
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    • Contact for pricing
      31,680 SF

      Rancho Cordova Office Building

      Office building with 31,680 square feet of space.
      11093 Sun Center Dr, Rancho Cordova, CA 95670
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      Gold River Office Building

      Office building with 32,539 square feet of space.
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    • $9,000,000
      113,000 SF

      Rancho Cordova Office Complex

      113,000 SF Office Building, 9 Acres
      11031 Sun Center Dr, Rancho Cordova, CA 95670
      View Details

    Similar Nearby for Lease

    • $3,240,000
      24,000 SF

      Gold River Professional Office Space

      Professional office campus with easy highway access and nearby amenities.
      2330 Gold Meadow Way, Gold River, CA 95670
      View Details
    • $1.85 SF/Yr
      15,000 SF

      Rancho Cordova Office Space Available

      Single-story office building with high ceilings and modern data center.
      3130 Kilgore Rd, Rancho Cordova, CA 95670
      View Details
    • $23 SF/Yr
      4,039 SF

      Class A Office Space Available

      Two-story office building with flexible floor plans and ample parking.
      2995 Prospect Park Dr, Rancho Cordova, CA 95670
      View Details
    • $21 SF/Yr
      37,146 SF

      Class A Office Space

      Modern office campus with excellent accessibility and amenities.
      10734 International Dr, Rancho Cordova, CA 95670
      View Details
    • $22 SF/Yr
      4,340 SF

      Renovated Office Building For Rent

      Two-story, 46,182 SF renovated office building in Prospect Park.
      2969 Prospect Park Dr, Rancho Cordova, CA 95670
      View Details
    • $1.55 SF/Yr
      7,468 SF

      Renovated Office Building For Lease

      Two-story office building with renovated lobby and restrooms available for lease.
      2339 Gold Meadow Way, Gold River, CA 95670
      View Details
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    Rancho Cordova, CA 95670
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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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