Property profile

6337 Matheny Way Citrus Heights, CA 95621

FOR SALE
Medical Office Space
Property ID
US09-0869778
6,640 SF 0.5 ac lot Built 1986
Entity Owned 8-yr Hold ~ Est. High Equity
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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

Location

6337 Matheny Way Citrus Heights, CA 95621
Citrus Heights metro Census 8131 SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
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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

since 2018
7 recorded transactions
2021
Price N/A
2018
$1.7M
2007
Price N/A
2001
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

SPA · Citrus Heights, CA
Zoning description

A. Purpose. The provisions of this Section are intended to allow development within the Antelope Commons SPA to buffer future residents from Antelope Road and adjoining commercial uses, and support an innovative mixed us…

General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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