Multi-Tenant Retail
For Sale
Contact for pricing
2326 Fair Oaks Blvd, Sacramento, CA 95825
Multi-tenant retail building on light commercial-zoned land with restaurant patio space and Domino’s at opposite ends.
Property Size10,500 SF
Lot Size1.26 Acres
Price / SF$354.60
Days on Market1432
Property Features for 2326 Fair Oaks Blvd
General Information
Standard status
Active
Size
10,500 SF
Lot size
1.26 Acres
Property subtype
Retail
Zoning
LC Light Commercial
Occupancy
100%
Net Operating Income
$213,552
Amenities
monument signage
Building Details
Tenancy
Multi
Listing Agency:
Mueller Commercial
(916) 704-9341
Listed By:
Daniel Mueller · License #CA
Source:
Crexi
Added: Sep 8, 2022
Changed: Aug 8
Last Checked: Jul 23 at 1:23PM
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 Mueller Commercial
Investment Insights
Based on property information with market context.
This multi-tenant retail building is configured with seven tenants totaling approximately 10,500 square feet on roughly 1.26 acres of light commercial-zoned land. The left side features a restaurant with a patio, while the opposite end is home to Domino’s Pizza. Between those anchors are five retail tenants, including nail, hair, aesthetics, tanning, and a seamstress.
The property includes monument signage on Fair Oaks Blvd, positioned to the left of McDonald’s. The remarks also note a crosswalk connecting the pavilions across the street to this center.
The center is described as stabilized, with KB Nails identified as the largest tenant and Domino’s described as the most recognizable tenant.
The property includes monument signage on Fair Oaks Blvd, positioned to the left of McDonald’s. The remarks also note a crosswalk connecting the pavilions across the street to this center.
The center is described as stabilized, with KB Nails identified as the largest tenant and Domino’s described as the most recognizable tenant.
Key Highlights
- Multi‑tenant retail building with 7 tenants totaling +/-10,500 SF on +/-1.26 acres of light commercial‑zoned land
- Left‑side restaurant features a patio, with Domino’s Pizza located on the opposite end of the building
- Includes 5 retail tenants: nail, hair, aesthetics, tanning, and seamstress
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
$162,845
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
4.37%
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%
$3,256,900
$3.3M
Cap Rate 7%
$2,326,357
$2.3M
Cap Rate 9%
$1,809,389
$1.8M
Market Conditions
NOI Build-Up for 10,500 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
$247.0K $23.52/SF
− Vacancy
−$14.3K −$1.36/SF
EGI
$232.6K $22.16/SF
− OpEx
−$69.8K −$6.65/SF
NOI
$162.8K $15.51/SF
Area
Sacramento, CA
Vacancy
5.80%
Lease Rate
$23.52 /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%
$3,256,900
Cap Rate 7%
$2,326,357
Cap Rate 9%
$1,809,389
Alternative Uses
Best Use
Retail
$2.33M
$2.04M – $2.71M
NOI $162,845 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.82M
$2.47M – $3.29M
NOI $197,505 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,511
Businesses Nearby
168k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 20%
Groceries 19%
Beauty & Spa 9%
Save Mart
Groceries
29,025 visits/mo
0.2 miles
McDonald's
Dining
16,557 visits/mo
0.5 miles
Jamba Juice
Dining
12,778 visits/mo
0.2 miles
Jack's Urban Eats
Dining
12,304 visits/mo
0.1 miles
Wells Fargo
Shops & Services
9,304 visits/mo
0.1 miles
Demographics for 95825, CA
36,081
Population
16,803
Households
2.1
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
4.7 sq mi
ZIP Area
7,677
Density / Sq Mi
$64,264
Median Household Income
$35,994
Median Earnings
$1,582
Median Rent
$433,500
Median Home Value
Market
Vacancy Rate% for Retail in Sacramento, CA
Questions? Ask Rey
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Similar Off Market Nearby
- The UV — 458 Howe Ave, Sacramento, CA 95825
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- Pavilions Shopping Center — 563 Pavilions Ln, Sacramento, CA 95825
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail building on light commercial-zoned land with restaurant patio space and Domino’s at opposite ends.
Where is this shopping center located?
The property is located at 2326 Fair Oaks Blvd Sacramento, CA.
What is the asking price?
The asking price for this property is $3,723,268.
What are key features of this property?
This property features: Multi‑tenant retail building with 7 tenants totaling +/-10,500 SF on +/-1.26 acres of light commercial‑zoned land; Left‑side restaurant features a patio, with Domino’s Pizza located on the opposite end of the building; Includes 5 retail tenants: nail, hair, aesthetics, tanning, and seamstress
