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Property profile & analytics
OFF-MARKET Estimated value $1,040,000
Parking lots & garages

4810 Watt Ave North Highlands, CA 95660-5109

0.07 ac lot
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-2824232
Property summary
AI-generated overview

This exceptional owner-user opportunity presents a 9,490-square-foot shopping center situated on a sizable 35,574-square-foot lot in North Highlands, California. The property, built in 1955, features a single-story building with three units, currently vacant. Located at 4810 Watt Ave, 95660, this retail center boasts excellent visibility and is strategically positioned within a thriving commercial area, surrounded by a mix of businesses, shops, restaurants, and multi-family residences. Its convenient location offers easy access to public transportation and benefits from nearby new developments. The property's significant lot size presents considerable upside potential for future development, allowing buyers to capitalize on value appreciation and adapt to evolving market demands. This presents a unique chance to generate passive income during any potential entitlement process for future projects. The property is offered for sale by the owner, who intends to close their business if the property is not sold. The APN numbers are 240-0011-016-0000, 240-0011-032-0000, and 240-0011-017-0000. The asking price is $2,000,000. North Highlands is a vibrant and diverse community within the Sacramento metropolitan area, known for its inclusive atmosphere and proximity to California State University, Sacramento.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.07 ac (3,240 SF)
Zoning code SPA
APN 240-0011-032-0000
UPID US09-2824232
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
  • Mattress Sale Department Store
  • Furniture Mart Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$985k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.04M
Owner & transaction history
5 Star Furnishings INC · 3 yrs held
5 Star Furnishings INC
since 2022
Last sale
$1.0M
3 recorded transactions
2022
Price N/A
2022
$1.0M
2004
Price N/A
Zoning & alternative use
SPA · North Highlands, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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