Technical
Financial
Distress signals
Property profile

3500 El Camino Ave Sacramento, CA 95821

OFF-MARKET
Community centers
Property ID
US09-1954775
167,354 SF 10.14 ac lot Built 1961
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1961
Construction TILT-UP CONCRETE
Total area 167,354 SF
Lot 10.14 ac (441,698 SF)
Zoning code SC
APN 281-0011-046-0000
UPID US09-1954775

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3500 El Camino Ave Sacramento, CA 95821-6535
Sacramento metro Census 5701 SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$11.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.32M
Blend (final) Blend
$8.23M

Owner & transaction history

since 2025
Last sale
$8.2M
7 recorded transactions
2026
Price N/A
2025
$8.2M
2025
Price N/A
2022
$26.5M
2020
Price N/A
2019
Price N/A
2019
$5.6M

Zoning & alternative use

SC · Sacramento, CA
Zoning description

The purpose of the SC zone is to provide a wide range of goods and services to the community.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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