Historic Restaurant Redevelopment
For Sale
Contact for pricing
2525 Jefferson Blvd, West Sacramento, CA 95691
C-2-zoned corner property positioned at the entrance to a major shopping center with established retail anchors.
Property Size9,187 SF
Price / SF$348.32
Days on Market54
Property Features for 2525 Jefferson Blvd
General Information
Standard status
Active
Size
9,187 SF
Total Parking Spaces
120
Property subtype
Retail, Multifamily
Zoning
C-2
Lease Type
NNN
Investment Type
Redevelopment
Building Details
Year Built
1912
Buildings
2
Listing Agency:
Turton Commercial Real Estate
(916) 573-3309
Listed By:
KIMIO BAZETT · License #02152565
Source:
Crexi
Added: Jul 8
Changed: Aug 29
Last Checked: Aug 29 at 9:05PM
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 Turton Commercial Real Estate
Investment Insights
Based on property information with market context.
The former Club Pheasant occupies a 2.15-acre parcel with 93,654 SF of land area and a restaurant history spanning 87 years. Built in 1912, the property offers a historic restaurant setting suitable for redevelopment or owner-user consideration, with room for substantial outdoor gathering, dining, or entertainment components.
The site is located at the corner of Jefferson Boulevard and Lake Washington Boulevard, in front of Southport Town Center. Nearby shopping center anchors include Nugget Market and Target, with estimated annual consumer visits of 2.7 million. The property carries C-2 zoning and is positioned within an established commercial setting in West Sacramento.
The site is located at the corner of Jefferson Boulevard and Lake Washington Boulevard, in front of Southport Town Center. Nearby shopping center anchors include Nugget Market and Target, with estimated annual consumer visits of 2.7 million. The property carries C-2 zoning and is positioned within an established commercial setting in West Sacramento.
Key Highlights
- 2.15‑acre parcel with 93,654 SF of land area
- C‑2 zoning supports a range of commercial use considerations
- Hard corner at Jefferson Boulevard and Lake Washington Boulevard
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
$142,988
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
4.47%
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%
$2,859,760
$2.9M
Cap Rate 7%
$2,042,686
$2.0M
Cap Rate 9%
$1,588,756
$1.6M
Market Conditions
NOI Build-Up for 9,187 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
$201.7K $21.96/SF
− Vacancy
−$11.1K −$1.21/SF
EGI
$190.7K $20.75/SF
− OpEx
−$47.7K −$5.19/SF
NOI
$143.0K $15.56/SF
Area
Yolo County, CA
Vacancy
5.50%
Lease Rate
$21.96 /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%
$2,859,760
Cap Rate 7%
$2,042,686
Cap Rate 9%
$1,588,756
Alternative Uses
Best Use
Specialty Retail
$2.04M
$1.79M – $2.38M
NOI $142,988 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,524 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
136k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 47%
Groceries 29%
Shops & Services 19%
Dining 5%
Target
Superstores
64,262 visits/mo
0.3 miles
Nugget Market
Groceries
39,124 visits/mo
0.2 miles
Dollar Tree
Shops & Services
19,677 visits/mo
0.2 miles
Cold Stone Creamery
Dining
6,847 visits/mo
0.2 miles
SAFE Credit Union
Shops & Services
6,560 visits/mo
0.2 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - C-2-zoned corner property positioned at the entrance to a major shopping center with established retail anchors.
Where is this conventional restaurant located?
The property is located at 2525 Jefferson Blvd West Sacramento, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 2.15‑acre parcel with 93,654 SF of land area; C‑2 zoning supports a range of commercial use considerations; Hard corner at Jefferson Boulevard and Lake Washington Boulevard
