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    FOR SALE
    Medical Office Space

    6337 Matheny Way, Citrus Heights, CA 95621

    6,640 SF 0.5 ac lot Built 1986
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US09-0869778
    Property summary
    AI-generated overview

    This exceptional 6,250 square foot medical office building in Citrus Heights, CA, presents a unique owner/user opportunity. Located at 5959 Greenback Lane (AKA 6337 Matheny Way), this single-story, Class B building sits on a 0.5-acre lot and boasts a permitted Business Professional zoning. Built in 1986, the property features a fully functional, Medicare-approved Ambulatory Surgical Center (ASC) with two operating rooms, plus approximately 3,125 square feet of additional clinic/office space. Approximately 1,000 square feet of the clinic/office space is within a two-hour firewall of the ASC and could be easily incorporated into the ASC. The current tenant, NVISION Eye Centers, has expressed interest in a lease buyout or sublease, potentially allowing for a buyout during escrow. The property is currently vacant. The asking price is $1,837,000, representing a pro-forma cap rate of 10.45% and a price per square foot of $293.92. The lease is NNN with a single tenant and expires January 31, 2028, with a one 5-year lease option. The APN is 229-0010-038-0000. This is an ideal opportunity for an owner/user seeking a well-equipped medical facility in a prime location. The property's size, location, and existing infrastructure make it a highly attractive investment.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1986
    Construction WOOD
    Total area 6,640 SF
    Lot 0.5 ac (21,693 SF)
    Zoning code SPA
    APN 229-0010-038-0000
    UPID US09-0869778
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.04M
    Comparable Approach Comparable
    $1.18M
    Blend (final) Blend
    $1.27M
    Owner & transaction history
    Greenback Citrus Heights LLC · 8 yrs held
    Greenback Citrus Heights LLC
    since 2018
    7 recorded transactions
    2021
    2018
    $1.7M
    2007
    2001
    1969
    1969
    1969
    Zoning & alternative use
    SPA · Citrus Heights, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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