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Property profile & analytics
FOR LEASE
Medical Office Space

7248 S Land Park Dr Sacramento, CA 95831

32,705 SF 1.5 ac lot Built 1986
Individually Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-0252930
7248 S Land Park Dr, Sacramento, CA 95831 For Lease
$26.28 SF/Yr
7248 S Land Park Dr, Sacramento, CA 95831
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Property summary
AI-generated overview

This exceptional 31,591 square foot medical office building, located at 7248 South Land Park Drive in Sacramento, California (zip code 95831), presents a unique investment opportunity. The property boasts a multi-tenant configuration, with a currently available suite of 1,503 square feet and a total of 1,649 square feet of vacant space. The building is strategically situated within a thriving hub of medical and professional office buildings, benefiting from high visibility and convenient access. Existing suites feature substantial medical tenant improvements (TI's), reducing upfront costs for potential occupants. Ample parking is available for tenants and visitors, ensuring convenience and accessibility. The building's prime location is further enhanced by its proximity to the recently remodeled South Land Park Center, anchored by a Bel Air Grocery Store, providing immediate access to amenities and services. This property offers a blend of established medical infrastructure and a prime location, making it an ideal investment for those seeking a strong return in the Sacramento medical office market. The building's size and layout provide flexibility for a variety of medical practices or professional services. The available space presents an excellent opportunity for expansion or relocation for existing medical businesses or a chance for new entrants to establish themselves in a high-demand area.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1986
Construction WOOD
Total area 32,705 SF
Lot 1.5 ac (65,340 SF)
Zoning code OB-R-EA-3
APN 031-0122-018-0000
UPID US09-0252930
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
  • Sweet and Sultry AF Beauty Lounge Hair Salon Nail Salon
  • Lady Bits Physical Therapy Physician
  • West Insurance Brokers, Inc. Insurance Agency
  • Leong Jane MD Pediatrician Medical Clinic
  • Garcia Francisco L MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$7.46M
Comparable Approach Comparable
$5.39M
Blend (final) Blend
$5.36M
Owner & transaction history
Ethan G Conrad · 21 yrs held
Ethan G Conrad
since 2004
7 recorded transactions
2018
Price N/A
2004
Price N/A
1999
Price N/A
1998
$1.9M
1997
$1.9M
1990
$2.7M
1989
$2.7M
Zoning & alternative use
OB-R-EA-3 · Sacramento, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $8.4M +0.5%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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