Light Industrial
For Sale
Contact for pricing
2510 Evergreen Ave, West Sacramento, CA 95691
M-1 (Light Industrial) zoning positions this West Sacramento warehouse within an established industrial setting.
Property Size36,000 SF
Price / SF$225.69
Days on Market180
Property Features for 2510 Evergreen Ave
General Information
Standard status
Active
Size
36,000 SF
Total Parking Spaces
13
Property subtype
Industrial
Zoning
M-1 (Light Industrial) – City of West Sacramento
Lease Type
NNN
Building Details
Year Built
1975
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
CBRE - Sacramento
(916) 446-8756
Listed By:
Matt Post · License #CA 01899707
Source:
Crexi
Added: Mar 3
Changed: Aug 29
Last Checked: Aug 29 at 10:12PM
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 CBRE - Sacramento
Investment Insights
Based on property information with market context.
This 36,000-square-foot warehouse was built in 1975 and carries M-1 (Light Industrial) zoning under the City of West Sacramento. The property is located at 2510 Evergreen Ave in West Sacramento, California, providing an established industrial asset for users seeking warehouse space within the city.
West Sacramento offers access to Interstate 80, Highway 50, and Interstate 5, with the Port of Sacramento and Sacramento International Airport also identified as nearby regional logistics connections. The local industrial market includes 25.4MSF of space, while Light Industrial Class B inventory totals 6.3MSF and has a reported 1.3% vacancy rate. No industrial buildings are currently under construction in West Sacramento.
West Sacramento offers access to Interstate 80, Highway 50, and Interstate 5, with the Port of Sacramento and Sacramento International Airport also identified as nearby regional logistics connections. The local industrial market includes 25.4MSF of space, while Light Industrial Class B inventory totals 6.3MSF and has a reported 1.3% vacancy rate. No industrial buildings are currently under construction in West Sacramento.
Key Highlights
- 36,000‑square‑foot warehouse on Evergreen Ave
- M‑1 (Light Industrial) zoning — City of West Sacramento
- Built in 1975
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
$293,642
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
3.61%
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%
$5,872,840
$5.9M
Cap Rate 7%
$4,194,886
$4.2M
Cap Rate 9%
$3,262,689
$3.3M
Market Conditions
NOI Build-Up for 36,000 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
$362.9K $10.08/SF
− Vacancy
−$17.4K −$0.48/SF
EGI
$345.5K $9.60/SF
− OpEx
−$51.8K −$1.44/SF
NOI
$293.6K $8.16/SF
Area
Yolo County, CA
Vacancy
4.80%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
15.00%
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%
$5,872,840
Cap Rate 7%
$4,194,886
Cap Rate 9%
$3,262,689
Alternative Uses
Best Use
Warehouse
$4.19M
$3.67M – $4.89M
NOI $293,642 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.71M
$8.50M – $11.33M
NOI $679,968 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,090
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95691, CA
39,849
Population
14,826
Households
2.7
Avg Household Size
37
Median Age
37%
College-Educated
89%
High-School Grad
39.0 sq mi
ZIP Area
1,022
Density / Sq Mi
$100,822
Median Household Income
$53,351
Median Earnings
$1,543
Median Rent
$532,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Core Cold Storage — 2424 Del Monte St, West Sacramento, CA 95691
- Miles treaster and associates — 3201 Evergreen Ave #340, West Sacramento, CA 95691
- National Self Storage — 2600 Evergreen Ave, West Sacramento, CA 95691
- A Atlas Mobile Storage — 720 Sutter St, West Sacramento, CA 95691
- Dan's Mission Towing — 716 Houston St, West Sacramento, CA 95691
Frequently Asked Questions
What type of property is this?
Warehouse - M-1 (Light Industrial) zoning positions this West Sacramento warehouse within an established industrial setting.
Where is this warehouse located?
The property is located at 2510 Evergreen Ave West Sacramento, CA.
What is the asking price?
The asking price for this property is $8,125,000.
What are key features of this property?
This property features: 36,000‑square‑foot warehouse on Evergreen Ave; M‑1 (Light Industrial) zoning — City of West Sacramento; Built in 1975
