1,610 sqft

$549,000

193 Blue Ravine Road 120, Folsom CA, 95630

Price per sqft$340.99

Built in2005

Property size1,610 sqft

Property typeCommercial

Overview

Active

Listed Jun 16, 2026

Updated Jul 4

Fully Leased Office Condo - Passive Income with Long-Term Tenant. This is your chance to own a turnkey, passive income property in one of Folsom's most desirable professional corridors. Located at 193 Blue Ravine Road, this ground-floor office condo is fully leased to a well-established tenant who has occupied the space for over 13 years, with a lease secured through June 2028 and built-in 3% annual rent increases. The property generates $44,472 in annual income, with a net operating income of $28,186 after expenses and HOA reserves. At the asking price of $549,000, this delivers a solid 6.0% cap rate, making it an excellent fit for any investor seeking stable, low-maintenance returns. The building features a modern, professional design with mature landscaping, large windows for natural light, and plenty of on-site parking. Located close to major roads, shopping, and services, this condo is part of a professionally managed complex with most maintenance costs covered by the HOA. If you're looking for a dependable, hassle-free investment with long-term upside this one checks all the boxes.

Additional information

MLS^® ID: 226076681

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 8.6 Acres

Courtesy of Exp Commercial of California, Inc., Corey McKinney,
Listing Contact:

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