Downtown Roseville Retail and
For Sale
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246 Vernon St, Roseville, CA
Multi-tenant retail and restaurant building in Downtown Roseville.
Property Size4,980 SF
Lot Size0.10 Acres
Price / SF$316.27
Days on Market859
Property Features for 246 Vernon St
General Information
Standard status
Active
Size
4,980 SF
Lot size
0.10 Acres
Property subtype
OFFICE
Listing Agency:
TRI Commercial | Roseville
(916) 677-8000
Listed By:
Steve Park · License #01472232
(916) 792-1462
Source:
Moodyscre
Added: May 7, 2024
Changed: Sep 7
Last Checked: Sep 12 at 3:58AM
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 TRI Commercial | Roseville
Investment Insights
Based on property information with market context.
Located in the heart of Downtown Roseville, this multi-tenant building is suitable for retail and restaurant use. The property benefits from a corner location and high visibility. It features 12+ foot ceilings. A new parking garage is located within one block. The property is in close proximity to Highway 80. Outdoor seating is a possibility. The building has an existing tenant on a month-to-month rent. The property size is 4980 square feet.
Key Highlights
- Highly visible corner location in Downtown Roseville
- Multi‑tenant retail and restaurant building
- Close proximity to Highway 80
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
$84,441
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
5.36%
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%
$1,688,820
$1.7M
Cap Rate 7%
$1,206,300
$1.2M
Cap Rate 9%
$938,233
$938.2K
Market Conditions
NOI Build-Up for 4,980 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
$119.5K $24.00/SF
− Vacancy
−$6.9K −$1.39/SF
EGI
$112.6K $22.61/SF
− OpEx
−$28.1K −$5.65/SF
NOI
$84.4K $16.96/SF
Area
Roseville, CA
Vacancy
5.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,688,820
Cap Rate 7%
$1,206,300
Cap Rate 9%
$938,233
Alternative Uses
Best Use
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,441 @ 7.0% cap · market cap 5.36%
Second Best
Retail
$1.10M
$965.4K – $1.29M
NOI $77,235 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,945 @ 7.0% cap · market cap 6.09%
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
1,590
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant retail and restaurant building in Downtown Roseville.
Where is this office building located?
The property is located at 246 Vernon St Roseville, CA.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Highly visible corner location in Downtown Roseville; Multi‑tenant retail and restaurant building; Close proximity to Highway 80
