Multi-Tenant Retail
2251 Northgate Boulevard, Sacramento, CA 95833
For Sale
$2,350,000
The center combines neighborhood service businesses, food operators, and a church in a fully occupied property.
Property Size9,800 SF
Price / SF$239.80
Days on Market22
Property Features for 2251 Northgate Boulevard
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Gross Income
Site & Location
Neighborhood
Highway Access
Additional Details
Tenant in Place
Amenities
on-site parking
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Grand Realty Group
3073418
Listed By:
Steven Tse
(916) 267-5176
Source:
Busybee
Added: Oct 19
Changed: Nov 7
Last Checked: Nov 8 at 6:22PM
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 Grand Realty Group
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Investment Insights
Based on property information with market context.
This 9,800-square-foot shopping center, built in 1984, contains six occupied tenant spaces. The mix includes a church, three salon and service businesses, a pizza restaurant, and a Mediterranean restaurant. The church uses two combined suites totaling approximately 5,000 square feet; the pizza restaurant occupies approximately 1,600 square feet, while most other suites are approximately 800 square feet. The property is zoned C-2-SPD.
The center is on Northgate Boulevard in Sacramento, with on-site parking and access to I-80 and I-5. Nearby commercial activity includes grocery stores, restaurants, service businesses, and national and regional retailers.
The center is on Northgate Boulevard in Sacramento, with on-site parking and access to I-80 and I-5. Nearby commercial activity includes grocery stores, restaurants, service businesses, and national and regional retailers.
Key Highlights
- 9,800‑square‑foot retail center with six occupied tenant spaces
- Tenant mix includes a church, three salon/service businesses, a pizza restaurant, and a Mediterranean restaurant
- Church occupies two combined suites totaling approximately 5,000 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,338
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,686,760
$3.7M
Cap Rate 7%
$2,633,400
$2.6M
Cap Rate 9%
$2,048,200
$2.0M
Market Conditions
NOI Build-Up for 9,800 SF
Gross rent
$258.7K $26.40/SF
− Vacancy
−$12.9K −$1.32/SF
EGI
$245.8K $25.08/SF
− OpEx
−$61.4K −$6.27/SF
NOI
$184.3K $18.81/SF
Area
Sacramento, CA
Vacancy
5.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,686,760
Cap Rate 7%
$2,633,400
Cap Rate 9%
$2,048,200
Alternative Uses
Best Use
Specialty Retail
$2.63M
$2.30M – $3.07M
NOI $184,338 @ 7.0% cap · market cap 7.84%
Second Best
Retail
$2.17M
$1.90M – $2.53M
NOI $151,989 @ 7.0% cap · market cap 6.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
37k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Home Improvements & Furnishings 22%
Dining 15%
Electronics 2%
Harbor Freight Tools
Home Improvements & Furnishings
8,139 visits/mo
0.2 miles
7-Eleven
Shops & Services
7,563 visits/mo
0.2 miles
Texaco
Shops & Services
7,337 visits/mo
0.2 miles
Chevron
Shops & Services
6,882 visits/mo
0.2 miles
Pizza Hut
Dining
2,822 visits/mo
0.2 miles
Demographics for 95833, CA
40,195
Population
16,751
Households
2.4
Avg Household Size
34
Median Age
32%
College-Educated
89%
High-School Grad
8.1 sq mi
ZIP Area
4,962
Density / Sq Mi
$87,016
Median Household Income
$50,997
Median Earnings
$1,835
Median Rent
$439,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Shopping centers in Sacramento
Vacancy Rate% for Retail in Sacramento, CA
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Frequently Asked Questions
What type of property is this?
Shopping center - The center combines neighborhood service businesses, food operators, and a church in a fully occupied property.
Where is this shopping center located?
The property is located at 2251 Northgate Boulevard Sacramento, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 9,800‑square‑foot retail center with six occupied tenant spaces; Tenant mix includes a church, three salon/service businesses, a pizza restaurant, and a Mediterranean restaurant; Church occupies two combined suites totaling approximately 5,000 square feet
