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Property profile & analytics

767 Ikea Ct West Sacramento, CA 95605-1664

  • Retail space
  • 10,570 SF
  • 1.51 lot acres
OFF-MARKET
Last Sale
Mar 08, 2024
$5,195,000
Value Estimations
$4,750,000
Show details
Cap Rate Potential
2.9%
Retail space
Location Intelligence
Property ID
US09-5825063
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Beach Hut Deli / Deli / Sandwich Shop
  • Manchuria Hakka Cuisine / Restaurant / Chinese Restaurant
  • T4 Tea 4 / Bubble Tea Store / Tea House
  • We Fix It Phone Repair / Mobile Phone Repair Shop / Electronics Repair Shop
  • Electrify America Charging Station / Electric Vehicle Charging Station

Property Details for 767 Ikea Ct

Year built
2008
Construction
WOOD
Lot size
1.51 lot acres
Property size
10,570 SF
Property type
Retail space
APN
014-793-073-000
APU
14793073000

Description

This exceptional investment opportunity presents a thriving T-4 franchise boba and snacks shop located at 767 Ikea Ct, West Sacramento, CA 95605. The 1,200 square foot Class A retail space, built in 2008, benefits from a highly desirable C-2 zoning. Currently operating under a NNN lease with a remaining term of approximately 3.9 years (expiring October 1, 2028), with a 10-year initial lease commencing October 1, 2018, and 5-year renewal options. The property features over $300,000 in tenant improvements, including a fully equipped kitchen with a grease trap, and a complete sprinkler system, making it ideal for a variety of food service businesses. The strategic location near Ikea and a Super Walmart ensures high foot traffic and visibility. The lease includes annual rent bumps of 3%, providing consistent income growth. This single-unit property is a turnkey operation ready for a new owner to step in and continue its success. The asking price is $199,999. This is a rare chance to acquire a well-established, profitable business in a prime location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $5,195,000
    ML approach
    $5,195,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $3,411,000
    Market price range: $871k - $6.35M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
West Sacramento
County
Yolo
State
California
Longitude
-121.551
Latitude
38.5893
CBSA code
40900
CBSA name
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$52,895
$1,185,000
$3,029,500
$4,214,500
-
$0.00
$0.00
$0.00
More about this property
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