Corner Shopping
New
For Sale
$2,995,000
5044 Madison Avenue, Sacramento, CA 95841
LC zoning and central air service are noted, with air-conditioning details varying among units.
Property Size7,786 SF
Days on Market5
Property Features for 5044 Madison Avenue
General Information
Standard status
Active
Size
7,786 SF
Zoning
LC
Additional Details
Corner Location
Yes
Amenities
Major Tenant, See Remarks
Central Air, Varies by Unit
Central, Varies by Unit
Private
Building Details
Building Size
7,786 SF
Year Built
1976
Stories
1
Listed By:
Nicholas Maloof
(916) 217-1823
Source:
Evrealestate
Added: Sep 28
Last Checked: Oct 1 at 11:05AM
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 Nicholas Maloof
Investment Insights
Based on property information with market context.
This shopping center dates to 1976 and is zoned LC. Central air is listed, with the system configuration varying by unit.
The property occupies the southeast corner of Madison Avenue and Auburn Boulevard in Sacramento.
The property occupies the southeast corner of Madison Avenue and Auburn Boulevard in Sacramento.
Key Highlights
- Shopping center at the southeast corner of Madison Avenue and Auburn Boulevard
- LC zoning
- Built in 1976
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
$120,754
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
4.03%
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%
$2,415,080
$2.4M
Cap Rate 7%
$1,725,057
$1.7M
Cap Rate 9%
$1,341,711
$1.3M
Market Conditions
NOI Build-Up for 7,786 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
$183.1K $23.52/SF
− Vacancy
−$10.6K −$1.36/SF
EGI
$172.5K $22.16/SF
− OpEx
−$51.8K −$6.65/SF
NOI
$120.8K $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%
$2,415,080
Cap Rate 7%
$1,725,057
Cap Rate 9%
$1,341,711
Alternative Uses
Best Use
Retail
$1.73M
$1.51M – $2.01M
NOI $120,754 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.09M
$1.83M – $2.44M
NOI $146,455 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,238
Businesses Nearby
330k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Shops & Services 28%
Superstores 25%
Groceries 6%
Target
Superstores
83,981 visits/mo
0.2 miles
McDonald's
Dining
24,314 visits/mo
0.1 miles
Smart & Final
Groceries
19,305 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
16,546 visits/mo
0.1 miles
Dollar Tree
Shops & Services
15,565 visits/mo
0.2 miles
Demographics for 95841, CA
21,873
Population
8,817
Households
2.5
Avg Household Size
36
Median Age
27%
College-Educated
93%
High-School Grad
3.9 sq mi
ZIP Area
5,608
Density / Sq Mi
$62,305
Median Household Income
$40,388
Median Earnings
$1,577
Median Rent
$414,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Sacramento, CA
Questions? Ask Rey
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Similar Off Market Nearby
- FFC — at, Garfield Avenue, Auburn Blvd, Sacramento, CA 95841
Frequently Asked Questions
What type of property is this?
Shopping center - LC zoning and central air service are noted, with air-conditioning details varying among units.
Where is this shopping center located?
The property is located at 5044 Madison Avenue Sacramento, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Shopping center at the southeast corner of Madison Avenue and Auburn Boulevard; LC zoning; Built in 1976
