6104 San Juan Ave Citrus Heights, CA 95610
- Retail space
- 6,000 SF
- 0.55 lot acres
Current Use by Public Records
- All About Pets / Veterinarian / Animal Hospital
- Amped Studios / Ballroom Dance Instructor / Dance Company
Property Details for 6104 San Juan Ave
- Year built
- 1989
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.55 lot acres
- Property size
- 6,000 SF
- Zone code
- SC
- Property type
- Retail space
- APN
- 243-0090-021-0000
- APU
- 24300900210000
Description
This exceptional 6,000 square foot medical office building, located at 6104 San Juan Avenue in Citrus Heights, California (95610), presents a compelling investment opportunity. Built in 1989, the property sits on a substantial 23,958 square foot lot, offering a land value of $200 per square foot. Currently, the building houses two tenants: a well-established veterinary clinic and a dance studio. The veterinary clinic boasts multiple exam rooms, a surgical room, a treatment area, and private offices. The dance studio, which underwent interior improvements in 2021, features three studio rooms, a breakroom, an office, and storage space. Both tenants are currently operating under below-market lease rates, presenting significant potential for future income growth. The property's strong cash flow is evidenced by a Net Operating Income (NOI) of $56,552 and a 5.14% capitalization rate. The asking price is $1,100,000. This property offers a unique owner-user opportunity for a medical professional seeking a well-located, established practice space with substantial upside potential. The property's APN is 243-0090-021-0000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $530,000
- ML approach
- $495,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $928,000
Market price range: $532k - $1.39M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $950,000 Current use
- INDUSTRIAL (GENERAL)
- $1,250,000 Change: +32% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Citrus Heights
- County
- Sacramento
- State
- California
- Longitude
- -121.292
- Latitude
- 38.6762
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA