814 Court St Woodland, CA 95695
- Office buildings
- 6,408 SF
- 0.48 lot acres
Current Use by Public Records
- Office buildings
Property Details for 814 Court St
- Year built
- 2000
- Lot size
- 0.48 lot acres
- Property size
- 6,408 SF
- Zone code
- C-2
- Property type
- Office buildings
- APN
- 005-222-016-000
- APU
- 5222016000
Description
Exceptional investment opportunity in downtown Woodland, California. This 5,849 square foot, single-story building, constructed in 2000 and renovated in 2022, sits on a 0.48-acre lot (21,083 sq ft) and offers 21 parking spaces. Currently operating as a 10-bedroom sober living environment with a stable tenant under a modified lease with a remaining term of 2.9 years (expiring October 31, 2027), the property boasts a 100% occupancy rate since May 1, 2022. The lease includes annual rent of $199,560 with a 3.5% yearly increase. The property's Net Operating Income (NOI) is $150,000, resulting in a 6.38% cap rate. Located in a DX-1 (Mixed Use) Downtown zoning area, this property presents a low-maintenance investment with significant upside potential. The property's prime location in Woodland's downtown core, only 20 miles from Sacramento, and its designation as an Opportunity Zone further enhance its investment appeal. This is a rare opportunity to acquire a well-maintained, high-performing asset in a desirable location. The property features a modern build and is situated in a thriving downtown area.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,245,000
- ML approach
- $1,175,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,615,000
- 6.5%
- $1,490,000
- 7%
- $1,385,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,449,000
- AI Estimate
- $927,000
Market price range: $562k - $1.60MMarket price range: $364k - $1.36M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,270,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,800,000 Change: +42% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,395,000 Change: +10% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,365,000 Change: +7% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,215,000 Change: -4% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $1,200,000 Change: -6% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Woodland
- County
- Yolo
- State
- California
- Longitude
- -121.77
- Latitude
- 38.6784
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA