Renovated Flex Space with
For Sale
Contact for pricing
14165 Market Street Walnu, Walnut Grove, CA 95690
Flex space featuring warehouse, office, and fenced yard.
Property Size12,600 SF
Price / SF$99.21
Days on Market516
Property Features for 14165 Market Street Walnu
General Information
Standard status
Active
Size
12,600 SF
Property subtype
Industrial
Zoning
SPA
Building Details
Stories
1
Listing Agency:
CBRE - Downtown Los Angeles
(916) 203-5257
Listed By:
Tyler Howell · License #CA02100245
Source:
Crexi
Added: Mar 20, 2025
Changed: Aug 14
Last Checked: Aug 14 at 3:15PM
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 CBRE - Downtown Los Angeles
Investment Insights
Based on property information with market context.
Approximately 12,600 square feet of space is available for sale, including around 1,032 square feet of office space and approximately 11,568 square feet of warehouse area. The property features a fenced yard of about 6,775 square feet. Demised into multiple units, the property was fully renovated in 2023.
Key Highlights
- Fully renovated in 2023
- Approx. 12,600 SF available, including 1,032 SF of office space and 11,568 SF of warehouse space
- Approx. 6775 SF fenced yard
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
$79,592
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
6.37%
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%
$1,591,840
$1.6M
Cap Rate 7%
$1,137,029
$1.1M
Cap Rate 9%
$884,356
$884.4K
Market Conditions
NOI Build-Up for 12,600 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
$121.0K $9.60/SF
− Vacancy
−$7.3K −$0.58/SF
EGI
$113.7K $9.02/SF
− OpEx
−$34.1K −$2.71/SF
NOI
$79.6K $6.32/SF
Area
Sacramento County, CA
Vacancy
6.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,591,840
Cap Rate 7%
$1,137,029
Cap Rate 9%
$884,356
Alternative Uses
Best Use
Flex RnD
$2.73M
$2.39M – $3.18M
NOI $190,912 @ 7.0% cap · market cap 15.27%
Second Best
Industrial
$1.14M
$994.9K – $1.33M
NOI $79,592 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$3.36M
$2.94M – $3.92M
NOI $234,968 @ 7.0% cap · market cap 18.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 95690, CA
2,270
Population
727
Households
3.1
Avg Household Size
41
Median Age
40%
College-Educated
81%
High-School Grad
51.6 sq mi
ZIP Area
44
Density / Sq Mi
$88,173
Median Household Income
$32,197
Median Earnings
$1,329
Median Rent
$710,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space featuring warehouse, office, and fenced yard.
Where is this flex space located?
The property is located at 14165 Market Street Walnu Walnut Grove, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Fully renovated in 2023; Approx. 12,600 SF available, including **1,032 SF of office space** and **11,568 SF of warehouse space**; Approx. 6775 SF fenced yard
