4980 Freeport BlvdSacramento, CA 95822

Property Details for 4980 Freeport Blvd

Year built

1965

Construction

TILT-UP CONCRETE

Lot size

1.03 AC

Property size (Sq ft)

18,144 SF

Zone code

C-2-EA-4

Property type

Retail properties

Property subtype

Other individual retail properties

APN

017-0172-010-0000

APU

1701720100000

Description

This exceptional 18,144-square-foot retail property, formerly a drugstore, is ideally situated in Sacramento's highly desirable Land Park neighborhood. Located on busy Freeport Boulevard, this single-tenant building benefits from a mature trade area with high barriers to entry. The property's prime location is approximately one mile south of Sacramento City College and the expansive 106-acre Land Park, contributing to a strong and stable customer base. Land Park consistently ranks among the top five neighborhoods in Sacramento for families, ensuring a robust and affluent demographic. Further enhancing its appeal, the recently renovated Park shopping center, anchored by Raley's, is conveniently located within a quarter-mile radius. This presents a unique investment opportunity in a thriving and sought-after community, offering significant potential for future growth and return. The property's size and location make it suitable for a variety of retail uses, capitalizing on the area's strong residential base and high foot traffic. The property is in Sacramento County, California, with a 95822 zip code.

• CAP approach

  CAP return

  Valuation

  6%

  $4,486,936

  6.5%

  $4,141,788

  7%

  $3,845,946

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,528,313

  Geo Method

  $6,528,313

• Alternative Use

  Use

  Valuation

  Residential

  $3,493,753

  Hospitality

  $3,200,259

  Educational

  $2,662,578

  Medical

  $2,754,148

  Retail

  $4,141,788

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.5294

Longitude

-121.496

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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