500 University Ave Sacramento, CA 95825
- Medical Office Space
- 50,454 SF
- 3.34 lot acres
Current Use by Public Records
- University Medical Imaging / Medical Clinic
- Sacramento Heart / Hospital
- UC Davis Medical Group - Sacramento - Campus Commons / Pediatrician / Physician
- Samaniego Nicole R / Physician
- Dr. Navindra Ramdeen, DO / Alternative Medicine Practice / Physician
Property Details for 500 University Ave
- Year built
- 1996
- Construction
- STEEL FRAME
- Lot size
- 3.34 lot acres
- Property size
- 50,454 SF
- Zone code
- C-1-R-PUD
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 295-0040-040-0000
- APU
- 29500400400000
Description
This exceptional medical office property, located at 500 University Ave, Sacramento, CA 95825, offers two available suites ranging from 191 to 3,620 square feet. The property is ideally situated in Sacramento County, providing convenient access to a significant healthcare market. Its strategic location is within 3.7 miles of four major acute care hospitals—UC Davis Medical Center, Sutter Medical Center, Sacramento, Kaiser Permanente Sacramento Medical Center, and Mercy General Hospital—comprising a total of 1,826 beds. This off-campus location is perfectly positioned to serve the growing residential communities in the area, experiencing increasing demand for specialized medical services. The property's key outpatient location complements UC Davis Health's ongoing outpatient expansion initiatives. Furthermore, the property benefits from its location within a prosperous and sought-after Sacramento submarket, boasting an average household income of $92,947 within a one-mile radius. The strong local economy, reflected in a low 3.4 percent unemployment rate, provides a robust support base for healthcare services. The property is classified as a multi-tenant office building with a "Medical Office" subtype. This presents a unique opportunity for healthcare professionals seeking a well-situated and established space to serve the thriving Sacramento community.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $12,950,000
- 6.5%
- $11,955,000
- 7%
- $11,100,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $10,035,000
- AI Estimate
- $7,231,000
Market price range: $5.37M - $13.5MMarket price range: $2.46M - $11.9M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $10,540,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $15,825,000 Change: +50% Conversion: Difficult
- RETAIL STORES
- $15,120,000 Change: +43% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $15,070,000 Change: +43% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $12,910,000 Change: +22% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $11,930,000 Change: +13% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $11,065,000 Change: +5% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.418
- Latitude
- 38.5683
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
