Retail Building with Multiple
For Sale
Contact for pricing
14138 Market St, Walnut Grove, CA 95690
Two first-floor retail units plus a bottom-level unit with a finished patio make up this multi-level retail building.
Property Size4,872 SF
Price / SF$203.20
Days on Market31
Property Features for 14138 Market St
General Information
Standard status
Active
Size
4,872 SF
Property subtype
RETAIL
Listing Agency:
eXp Commercial - CA
(360) 685-4206
Listed By:
Jon Bias
(360) 685-4206
Source:
Moodyscre
Added: Jul 24
Changed: Aug 11
Last Checked: Aug 22 at 12:31PM
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 eXp Commercial - CA
Investment Insights
Based on property information with market context.
This +/- 4,900 SF retail building offers a versatile, multi-unit layout designed for an owner-user or investor. The first floor features two +/- 1,200 SF units, and the bottom level includes a spacious +/- 2,500 SF unit with a finished patio.
Located on busy Market Street in Walnut Grove, the property benefits from high visibility and steady foot traffic. The remarks also note proximity to the Sacramento River, with access to major transportation routes contributing to the area’s commercial activity.
The building’s configuration provides distinct retail spaces across levels, including an outdoor finished patio as part of the bottom-level unit.
Located on busy Market Street in Walnut Grove, the property benefits from high visibility and steady foot traffic. The remarks also note proximity to the Sacramento River, with access to major transportation routes contributing to the area’s commercial activity.
The building’s configuration provides distinct retail spaces across levels, including an outdoor finished patio as part of the bottom-level unit.
Key Highlights
- ±4,900 SF multi‑level retail building for sale at 14138 Market Street in Walnut Grove, CA
- First floor includes two ±1,200 SF retail units
- Bottom level features a ±2,500 SF retail unit with a finished patio
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
$63,425
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
6.41%
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%
$1,268,500
$1.3M
Cap Rate 7%
$906,071
$906.1K
Cap Rate 9%
$704,722
$704.7K
Market Conditions
NOI Build-Up for 4,872 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
$95.9K $19.68/SF
− Vacancy
−$5.3K −$1.08/SF
EGI
$90.6K $18.60/SF
− OpEx
−$27.2K −$5.58/SF
NOI
$63.4K $13.02/SF
Area
Sacramento County, CA
Vacancy
5.50%
Lease Rate
$19.68 /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%
$1,268,500
Cap Rate 7%
$906,071
Cap Rate 9%
$704,722
Alternative Uses
Best Use
Retail
$906.1K
$792.8K – $1.06M
NOI $63,425 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,854 @ 7.0% cap · market cap 9.18%
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two first-floor retail units plus a bottom-level unit with a finished patio make up this multi-level retail building.
Where is this retail space located?
The property is located at 14138 Market St Walnut Grove, CA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: ±4,900 SF multi‑level retail building for sale at 14138 Market Street in Walnut Grove, CA; First floor includes two ±1,200 SF retail units; Bottom level features a ±2,500 SF retail unit with a finished patio
