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7732-7734 Fair Oaks Dr 1,650 SF Vacant Retail Building Carmichael, CA 95608 $551,576 CAD ($334.29 CAD/SF) 6.30% Cap Rate
Investment Highlights
- Empty office space for new owner to lease out.
- Open floor plan for owner to renovate for business need.
- Outdoor patio area in the back
- Two separate address.
- Busy street that will attract customers
Executive Summary
Prime Commercial Investment & Owner-User Opportunity. This property offers outstanding visibility, convenient access, and strong exposure to both vehicle and pedestrian traffic. The property features two commercial addresses (7732 & 7734 Fair Oaks Blvd), creating flexibility for owner-users, investors, or businesses seeking multiple suites. Its strategic location places it among established retail, professional services, restaurants, and residential neighborhoods, providing a steady customer base and excellent accessibility. Previous lease was $3,000 per month with a cap rate at 6%. Both sides are vacant.
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$49,642
|
$30.09
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,137
|
$2.51
|
| Effective Gross Income |
$45,505
|
$27.58
|
| Taxes |
$2,998
|
$1.82
|
| Operating Expenses |
$2,482
|
$1.50
|
| Total Expenses |
$5,480
|
$3.32
|
| Net Operating Income |
$40,025
|
$24.26
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $49,642 |
| Annual Per SF | $30.09 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,137 |
| Annual Per SF | $2.51 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $45,505 |
| Annual Per SF | $27.58 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,998 |
| Annual Per SF | $1.82 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $2,482 |
| Annual Per SF | $1.50 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $5,480 |
| Annual Per SF | $3.32 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $40,025 |
| Annual Per SF | $24.26 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,650 SF
Building Class
C
Year Built
1945
Price
$551,576 CAD
Price Per SF
$334.29 CAD
Cap Rate
6.30%
NOI
$34,749 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.15 AC
Zoning
GC - General Commercial zoning. Could be for retail and office use.
Parking
9 Spaces (5.45 Spaces per 1,000 SF Leased)
Frontage
55’ on Fair Oaks Boulevard
Amenities
- Air Conditioning
- Smoke Detector
- Shower Facilities
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 260-0021-007 | Total Assessment | $177,885 CAD (2026) |
| Land Assessment | $100,064 CAD (2026) | Annual Taxes | $2,998 CAD ($1.82 CAD/SF) |
| Improvements Assessment | $77,821 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
260-0021-007
Land Assessment
$100,064 CAD (2026)
Improvements Assessment
$77,821 CAD (2026)
Total Assessment
$177,885 CAD (2026)
Annual Taxes
$2,998 CAD ($1.82 CAD/SF)
Tax Year
2025
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7732-7734 Fair Oaks Dr
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