Building Details

Tenancy Multi

Listing Agency: Reni Della Maggiore, Inc. g***@gmail.com Show Phone

Listed By: Reni Della Maggiore · License #CA 00671356

Source: Crexi

Added: Oct 9, 2024 Changed: Aug 19 Last Checked: Aug 29 at 8:44PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reni Della Maggiore, Inc.

Investment Insights

Based on property information with market context.

This mixed-use property offers a total of 7,742 square feet, featuring approximately 5,202 square feet of shop/warehouse space and 2,540 square feet of office/living space. The property also includes two additional free-standing warehouses, each measuring approximately 1,200 square feet. The sale encompasses a total of six separate Assessor’s Parcels. The property is suitable for various uses, including auto, farm, and marine repair, or a tow truck yard.

Key Highlights

• 7,742 sq ft property ideal for live/work setup.
• Approximately 5,202 sq ft shop/warehouse space included.
• Features 2,540 sq ft of office/living space.

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$59,384

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

7.43%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,187,680 $1.2M

Cap Rate 7%

$848,343 $848.3K

Cap Rate 9%

$659,822 $659.8K

Market Conditions

NOI Build-Up for 7,742 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$74.3K $9.60/SF

− Vacancy

−$4.5K −$0.58/SF

EGI

$69.9K $9.02/SF

− OpEx

−$10.5K −$1.35/SF

NOI

$59.4K $7.67/SF

Area

Sacramento County, CA

Vacancy

6.00%

Lease Rate

$9.60 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,187,680

Cap Rate 7%

$848,343

Cap Rate 9%

$659,822

Alternative Uses

Best Use

Office B

$1.73M

$1.51M – $2.02M (±1% cap)

NOI $121,078 @ 7.0% cap · market cap 15.15%

Second Best

Retail

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,788 @ 7.0% cap · market cap 12.61%

Theoretical Best

Office A

$2.06M

$1.80M – $2.41M (±1% cap)

NOI $144,375 @ 7.0% cap · market cap 18.07%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Live-work space

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Explore this area Business Placement

Demographics for 95615, CA

762

Population

390

Households

2

Avg Household Size

40

Median Age

36%

College-Educated

92%

High-School Grad

21.2 sq mi

ZIP Area

36

Density / Sq Mi

$70,438

Median Household Income

$47,062

Median Earnings

$957

Median Rent

$650,500

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use property with shop, warehouse, office, and living space.

Where is this mixed-use property located?

The property is located at 11775 Riverside Ave Courtland, CA.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: 7,742 sq ft property ideal for live/work setup.; Approximately 5,202 sq ft shop/warehouse space included.; Features 2,540 sq ft of office/living space.