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Property profile & analytics
OFF-MARKET Estimated value $4,620,000
Strip malls

8005 Watt Ave Antelope, CA 95843-9792

39,106 SF 8.96 ac lot Built 1992
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US09-1500946
Property summary
AI-generated overview

Elverta Crossing Shopping Center, located at 8005 Watt Ave in Antelope, CA 95843, presents a unique opportunity for retail businesses. This 7,000 square foot shopping center, currently fully vacant, offers multiple tenancy options with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 3,400 square feet. The center boasts a prime location at the high-traffic intersection of Elverta Road (approximately 23,268 average daily traffic) and Watt Avenue (approximately 22,051 average daily traffic), ensuring significant visibility and accessibility. The property is situated in Sacramento County and benefits from a strong demographic profile, with approximately 16,104 people residing within a one-mile radius and approximately 93,796 within three miles. This dense residential population provides a substantial customer base for potential tenants. The center's previous tenants included a mix of quick-service restaurants such as Huckleberry's Breakfast and Lunch, Taco Bell, and KFC, demonstrating the site's suitability for similar businesses. The center is also anchored by Tractor Supply & Co and Life Storage, providing strong co-tenancy and drawing additional traffic. This is an exceptional opportunity to establish a presence in a thriving retail area with high foot traffic and a large, readily accessible customer base.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1992
Construction WOOD
Total area 39,106 SF
Lot 8.96 ac (390,298 SF)
Zoning code GC
APN 203-0050-062-0000
UPID US09-1500946
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.62M
Owner & transaction history
Standard Insurance Company · 2 yrs held
Standard Insurance Company
since 2023
5 recorded transactions
2023
Price N/A
2018
Price N/A
2018
$6.3M
2012
$6.4M
2006
Price N/A
Zoning & alternative use
GC · Antelope, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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