Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3500 El Camino Ave Sacramento, CA 95821

    • Community centers
    • 167,354 SF
    • 10.14 lot acres
    For Lease
    View listing
    Last Sale
    Mar 25, 2022
    $26,500,000
    Value Estimations
    $26,335,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1954775
    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

    • Community centers

    Property Details for 3500 El Camino Ave

    Year built
    1961
    Construction
    TILT-UP CONCRETE
    Lot size
    10.14 lot acres
    Property size
    167,354 SF
    Zone code
    SC
    Property type
    Community centers
    APN
    281-0011-046-0000
    APU
    28100110460000

    Description

    This exceptional retail opportunity presents a substantial 156,000-square-foot former Macy's building in Sacramento, California. Located at 3500 El Camino Ave, at the corner of Watt Avenue, this single-tenant property sits on a generous 9.67-acre parcel within the Country Club Plaza Mall. The four-story building, constructed in 1961, offers ample space for a variety of retail uses. The property boasts 669 parking spaces, ensuring convenient access for customers. Its strategic location provides excellent visibility and accessibility, situated near major businesses including WinCo, Cinema West, Wells Fargo, and Rebounderz. The surrounding area is a well-established and desirable retail hub, benefiting from a strong customer base and high traffic volume. The property is zoned SC (Shopping Center) within Sacramento County (95821). This is a rare chance to acquire a significant retail space in a prime Sacramento location. The entire building is currently vacant, presenting a blank canvas for a new tenant or a redevelopment opportunity. The substantial size and prominent location make this property an ideal investment for a large-scale retailer or a developer seeking a high-impact project. The ample parking and convenient access further enhance its appeal. This is a unique opportunity to acquire a landmark property in a thriving retail corridor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $28,175,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $24,165,000
      Market price range: $24.2M - $117M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $42,820,000
      MEDICAL BUILDING
      $42,615,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.381
    Latitude
    38.6096
    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
    $78,037
    $4,317,660
    $2,096,406
    $6,414,066
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,560,000
      20,355 SF

      2502 Watt Ave

      MINI-MALL • 20,355 SF
      2502 Watt Ave, Sacramento, CA 95821-6312
      View Details
    • Value Estimation
      $3,500,000
      41,517 SF

      3460 El Camino Ave

      MINI-MALL • 41,517 SF
      3460 El Camino Ave, Sacramento, CA 95821-6310
      View Details
    • Value Estimation
      $3,085,000
      16,288 SF

      3308 El Camino Ave

      MINI-MALL • 16,288 SF
      3308 El Camino Ave, Sacramento, CA 95821-6327
      View Details
    • Value Estimation
      $22,220,000
      188,779 SF

      3400 El Camino Ave

      MINI-MALL • 188,779 SF
      3400 El Camino Ave, Sacramento, CA 95821-6310
      View Details
    • Value Estimation
      $8,825,000
      48,134 SF

      2702 Marconi Ave

      MINI-MALL • 48,134 SF
      2702 Marconi Ave, Sacramento, CA 95821-4914
      View Details
    • Value Estimation by Request
      1,005 SF

      2126 El Camino Ave

      Lifestyle centers • 1,005 SF
      2126 El Camino Ave, Sacramento, CA 95821
      View Details

    Similar Nearby for Sale

    • $1,750,000
      12,720 SF

      Cash Cow Property. Limitless Possibilities.

      Cash Cow Property. Limitless Possibilities.
      3108 Fulton Ave, Sacramento, CA 95821
      View Details
    • $1,916,640

      Carl's Jr. Drive-Thru Investment

      NNN leased Carl's Jr. with drive-thru and corporate guarantee.
      4205 Marconi Ave, Sacramento, CA 95821
      View Details
    • $8,736,667

      Gas Station & Laredo Taco

      New gas station and restaurant in Sacramento commuter corridor.
      3311 West El Camino Ave, Sacramento, CA 95821
      View Details
    • $1,050,000
      4,200 SF

      Marconi Ave Office Building

      Sacramento Office Building - Owner/User Opportunity
      3444 Marconi Ave, Sacramento, CA 95821
      View Details
    • $11,908,000
      133,799 SF

      Executive Office Complex, Sacramento

      Prime Sacramento Office Space, 133,799 SF
      3600 Marconi Ave, Sacramento, CA 95821
      View Details
    • Contact for pricing
      14,073 SF

      Professional Office Center For Sale

      Gated office center near Watt Ave. and Interstate 80.
      3650 Auburn Blvd, Sacramento, CA 95821
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,600 SF

      Retail Space in Sacramento Center

      Retail space available in shopping center anchored by Sprouts.
      2625-2638 El Paseo Ln, Sacramento, CA 95821
      View Details
    • $1.49 SF/Yr
      16,727 SF

      Watt Avenue Retail Space Available

      Retail spaces for lease with high traffic and accessibility.
      3321-3455 Watt Ave, Sacramento, CA 95821
      View Details
    • Contact for pricing
      4,153 SF

      Retail Space in Community Center

      Retail space available in high-traffic Sacramento community center.
      3328 El Camino Ave, Sacramento, CA 95821
      View Details
    • Contact for pricing
      156,000 SF

      Prime Sacramento Retail Space

      156,000 SF Former Macy's Building
      3500 El Camino Ave, Sacramento, CA 95821
      View Details
    • Contact for pricing
      5,200 SF

      Retail Space Anchored by Sprouts

      Retail space available in Sacramento, anchored by Sprouts.
      2805 Marconi Ave, Sacramento, CA 95821
      View Details
    • Contact for pricing
      16,000 SF

      Retail Space in Arden-Arcade Hub

      Retail opportunity in high-traffic Sacramento shopping center.
      3460 El Camino Ave, Sacramento, CA 95821
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3500 El Camino Ave
    Sacramento, CA 95821
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.