Listing Agency: CBRE | Sacramento

Listed By: Tyler Howell · License #02100245 Show Phone

Source: Cbre

Added: Mar 27 Changed: Oct 16 Last Checked: Oct 19 at 5:52AM

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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 / Yr

$79,592

Cap Rate

6.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,591,840 $1.6M

Cap Rate 7%

$1,137,029 $1.1M

Cap Rate 9%

$884,356 $884.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,600 SF

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 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 (±1% cap)

NOI $190,912 @ 7.0% cap · market cap 15.27%

Second Best

Industrial

$1.14M

$994.9K – $1.33M (±1% cap)

NOI $79,592 @ 7.0% cap · market cap 6.37%

Theoretical Best

Office A

$3.36M

$2.94M – $3.92M (±1% cap)

NOI $234,968 @ 7.0% cap · market cap 18.80%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Electrical Service HVAC Service Furniture & Home Goods Grocery & Convenience Store Pharmacy Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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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 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