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    4401 Hazel Ave Fair Oaks, CA 95628

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    4401 Hazel Ave Fair Oaks, CA 95628

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    • Office buildings
    • 32,117 SF
    • 1.64 lot acres
    For Lease
    $6,340,000
    View Listing →
    Fair Oaks Office Space Available For Lease
    $6,340,000
    1,254 SF

    Fair Oaks Office Space Available

    Office space available for rent in Fair Oaks, CA.

    4401 Hazel Ave, Fair Oaks, CA
    View Listing
    Property ID
    US09-5633794
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Crawford & Associates / Structural Engineer
    • Dr. Richard G. Sheils, DDS / Dental Office
    • Cummins Insurance Agency, Inc. / Insurance Agency
    • Valley Sierra Insurance / Insurance Agency
    • Sandy Alva - State Farm Insurance Agent / Insurance Agency

    Property Details for 4401 Hazel Ave

    Year built
    1987
    Construction
    WOOD
    Lot size
    1.64 lot acres
    Property size
    32,117 SF
    Zone code
    LC
    Property type
    Office buildings
    APN
    246-0620-048-0000
    APU
    24606200480000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,930,000
      6.5%
      $8,245,000
      7%
      $7,655,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,892,000
      Market price range: $4.15M - $13.5M
      AI Estimate
      $4,887,000
      Market price range: $3.02M - $11.3M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $8,320,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $9,200,000
      Change: +11% Conversion: Easy
      MEDICAL BUILDING
      $8,360,000
      Change: +1% Conversion: Easy
      AUTO REPAIR, GARAGE
      $8,295,000
      Change: -0% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $7,500,000
      Change: -10% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $6,700,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fair Oaks
    County
    Sacramento
    State
    California
    Longitude
    -121.226
    Latitude
    38.6465
    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
    $42,424
    $1,000,000
    $2,400,000
    $3,400,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,610,000
      21,685 SF

      8090 Madison Ave

      OFFICE BUILDING (MULTI-STORY) • 21,685 SF
      8090 Madison Ave, Fair Oaks, CA 95628-3758
      View Details
    • Value Estimation
      $1,300,000
      6,036 SF

      8896 Winding Way

      OFFICE BUILDING • 6,036 SF
      8896 Winding Way, Fair Oaks, CA 95628-6322
      View Details
    • Value Estimation by Request
      28,528 SF

      5330 Primrose Dr Ste, Unit 242

      OFFICE BUILDING (MULTI-STORY) • 28,528 SF
      5330 Primrose Dr Ste, Fair Oaks, CA 95628-3542
      View Details
    • Value Estimation by Request
      5,144 SF

      7949 California Ave

      OFFICE BUILDING (MULTI-STORY) • 5,144 SF
      7949 California Ave, Fair Oaks, CA 95628-7156
      View Details
    • Value Estimation
      $810,000
      3,472 SF

      8004 California Ave

      OFFICE BUILDING • 3,472 SF
      8004 California Ave, Fair Oaks, CA 95628-7506
      View Details
    • Value Estimation
      $2,815,000
      12,544 SF

      11140 Fair Oaks Blvd

      OFFICE BUILDING • 12,544 SF
      11140 Fair Oaks Blvd, Fair Oaks, CA 95628-5126
      View Details

    Similar Nearby for Sale

    • $1,119,250
      6,050 SF

      Remodeled Office Building For Lease

      Recently remodeled office building with upgraded finishes and ample parking.
      9701 Fair Oaks Blvd, Fair Oaks, CA 95628
      View Details
    • $1,100,000
      5,037 SF

      Fair Oaks Office Building

      5,037 SF office building for sale in Fair Oaks.
      9807 Fair Oaks Blvd, Fair Oaks, CA 95628
      View Details
    • Contact for pricing
      1,959 SF

      Fair Oaks Office Condo Available

      Office condo in Fair Oaks with flexible space options.
      7840 Fair Oaks Blvd, Fair Oaks, CA 95628
      View Details
    • Contact for pricing
      1,916 SF

      Fair Oaks Office Condo Units

      Office condo units available in Fair Oaks, California.
      7844 Madison Ave, Fair Oaks, CA 95628
      View Details
    • Contact for pricing
      4,644 SF

      Office Condo Leased to Government

      Office condominium leased to the California Department of Rehabilitation.
      7840 Fair Oaks Blvd, Fair Oaks, CA 95628
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Fair Oaks Development Opportunity

      Prime location suitable for various commercial developments in Fair Oaks.
      9641 Fair Oaks Blvd, Fair Oaks, CA 95628
      View Details
    • Contact for pricing

      Fair Oaks Three-Story Office Building

      Prominent three-story office building with glassline in Fair Oaks.
      11707 Fair Oaks Blvd, Fair Oaks, CA 95628
      View Details
    • Contact for pricing

      Fair Oaks Office Space Available

      Office suites available in Fair Oaks, California.
      7940 California Ave, Fair Oaks, CA 95628
      View Details
    • $1.60 SF/Yr

      Sunrise Professional Centre Office Space

      Office space for lease in Fair Oaks with open floorplan.
      7840 Madison Ave, Fair Oaks, CA 95628
      View Details
    • Contact for pricing

      Fair Oaks Retail/Office Opportunity

      Thriving business community with flexible spaces in Fair Oaks.
      10940 Fair Oaks Blvd, Fair Oaks, CA 95628
      View Details
    • Contact for pricing
      1,254 SF

      Fair Oaks Office Space Available

      Office space available for rent in Fair Oaks, CA.
      4401 Hazel Ave, Fair Oaks, CA 95628
      View Details
    View Listing
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    Fair Oaks, CA 95628
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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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