Building Details

Building Size 2,665 SF

Year Built 1966

Buildings 1

Units 1

Listing Agency: Wesely & Associates t**@timsreo.com Show Phone

Listed By: Christy D Press Show Phone

Source: Fitforliferealestate

Added: Oct 19 Changed: Oct 23 Last Checked: Oct 23 at 4:49PM

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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 Wesely & Associates

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Investment Insights

Based on property information with market context.

This 2,665-square-foot commercial building at 2990 Florin Road has a history of restaurant and grocery-market operations. Interior updates were completed within the last five years, and the property has a new roof and HVAC system. C-2 zoning applies.

The site offers approximately 90 feet of frontage along Florin Road and on-site parking. It sits in an established South Sacramento commercial corridor among residential areas, businesses, restaurants, shopping, and everyday services.

Key Highlights

• 2,665‑square‑foot commercial building
• Approximately 90 feet of frontage on Florin Road
• Interior updated within the last 5 years

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,284

Cap Rate

3.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$885,680 $885.7K

Cap Rate 7%

$632,629 $632.6K

Cap Rate 9%

$492,044 $492.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,665 SF

Gross rent

$62.7K $23.52/SF

− Vacancy

−$3.6K −$1.36/SF

EGI

$59.0K $22.16/SF

− OpEx

−$14.8K −$5.54/SF

NOI

$44.3K $16.62/SF

Area

ZIP 95822

Vacancy

5.80%

Lease Rate

$23.52 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$885,680

Cap Rate 7%

$632,629

Cap Rate 9%

$492,044

Alternative Uses

Best Use

Specialty Retail

$632.6K

$553.6K – $738.1K (±1% cap)

NOI $44,284 @ 7.0% cap · market cap 3.69%

Second Best

Retail

$590.5K

$516.7K – $688.9K (±1% cap)

NOI $41,332 @ 7.0% cap · market cap 3.44%

Theoretical Best

Hotel Hospitality

$20.77M

$18.17M – $24.23M (±1% cap)

NOI $1,453,957 @ 7.0% cap · market cap 121.16%

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

Property Analytics

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Current Use

Bombay Cuisine & Indian ... Restaurant Ho Chin Marketplace Grocery & Convenience Store

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Skin Care Clinic HVAC Service Gym & Fitness Center

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

603

Businesses Nearby

40k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 57% Shops & Services 43%

Little Caesars Pizza Dining

7,081 visits/mo 0.1 miles

Adalberto's Mexican Food Dining

6,570 visits/mo 0.4 miles

Church's Chicken Dining

5,288 visits/mo 0.1 miles

AutoZone Shops & Services

5,070 visits/mo 0.2 miles

Wienerschnitzel Dining

3,971 visits/mo 0.4 miles

Demographics for 95822, CA

45,215

Population

17,479

Households

2.6

Avg Household Size

38

Median Age

28%

College-Educated

85%

High-School Grad

8.4 sq mi

ZIP Area

5,383

Density / Sq Mi

$80,835

Median Household Income

$44,004

Median Earnings

$1,537

Median Rent

$438,400

Median Home Value

Market

Vacancy Rate% for Retail in Sacramento, CA

7.7% 2019

7.7% 2020

7.1% 2021

6.9% 2022

6.5% 2023

6.7% 2024

6.8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The building has served restaurant and grocery-market operations and is zoned C-2.

Where is this mixed-use property located?

The property is located at 2990 Florin Road Sacramento, CA.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: 2,665‑square‑foot commercial building; Approximately 90 feet of frontage on Florin Road; Interior updated within the last 5 years