Shopping Center Retail
For Sale
Contact for pricing
3033 Hurley Way, Sacramento, CA 95864
Retail property located at Hurley Way and Morse Ave, zoned SC- Shopping Center for a range of commercial uses.
Property Size10,220 SF
Price / SF$273.97
Days on Market1108
Property Features for 3033 Hurley Way
General Information
Standard status
Active
Size
10,220 SF
Property subtype
RETAIL
Zoning
SC- Shopping Center
Listing Agency:
Century 21 - Mueller Commercial | Sacramento
(916) 704-9341
Listed By:
Daniel Mueller
Source:
Moodyscre
Added: Sep 26, 2023
Changed: Oct 4
Last Checked: Oct 7 at 1:43PM
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 Century 21 - Mueller Commercial | Sacramento
Investment Insights
Based on property information with market context.
The subject property is a retail commercial asset located on the northwesterly corner of Hurley Way and Morse Ave. The property is zoned SC- Shopping Center, a light commercial designation that allows for retail and professional office space, as well as the sale of commodities or performance of services, including repair facilities, offices, grocery stores, and apartments, with potential for mixed-use development.
The location is approximately 2.15 miles north of US 50 and about 2.80 miles east of Interstate 80, positioned within a defined surrounding area bounded by Arden Way to the north, Watt Avenue to the east, Northrop Avenue to the south, and Fulton Avenue to the west.
This offering is presented for sale.
The location is approximately 2.15 miles north of US 50 and about 2.80 miles east of Interstate 80, positioned within a defined surrounding area bounded by Arden Way to the north, Watt Avenue to the east, Northrop Avenue to the south, and Fulton Avenue to the west.
This offering is presented for sale.
Key Highlights
- Retail property located at Hurley Way and Morse Ave, near US 50 and I‑80
- Zoned SC (Shopping Center), a light commercial district allowing retail and professional office uses
- SC zoning also allows sale of commodities and performance of services, including repair facilities and offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,503
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,170,060
$3.2M
Cap Rate 7%
$2,264,329
$2.3M
Cap Rate 9%
$1,761,144
$1.8M
Market Conditions
NOI Build-Up for 10,220 SF
Gross rent
$240.4K $23.52/SF
− Vacancy
−$13.9K −$1.36/SF
EGI
$226.4K $22.16/SF
− OpEx
−$67.9K −$6.65/SF
NOI
$158.5K $15.51/SF
Area
Sacramento, CA
Vacancy
5.80%
Lease Rate
$23.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,170,060
Cap Rate 7%
$2,264,329
Cap Rate 9%
$1,761,144
Alternative Uses
Best Use
Retail
$2.26M
$1.98M – $2.64M
NOI $158,503 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.75M
$2.40M – $3.20M
NOI $192,238 @ 7.0% cap · market cap 6.87%
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
1,368
Businesses Nearby
73k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Groceries 27%
Dining 17%
Office Supplies 11%
BevMo!
Groceries
15,933 visits/mo
0.5 miles
Jo-Ann Fabric and Craft
Shops & Services
15,895 visits/mo
0.4 miles
OfficeMax
Office Supplies
8,254 visits/mo
0.4 miles
7-Eleven
Shops & Services
6,447 visits/mo
0.4 miles
76
Shops & Services
5,163 visits/mo
0.4 miles
Demographics for 95864, CA
24,249
Population
10,286
Households
2.4
Avg Household Size
44
Median Age
58%
College-Educated
95%
High-School Grad
6.3 sq mi
ZIP Area
3,849
Density / Sq Mi
$129,083
Median Household Income
$63,220
Median Earnings
$1,863
Median Rent
$770,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Sacramento, CA
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property located at Hurley Way and Morse Ave, zoned SC- Shopping Center for a range of commercial uses.
Where is this retail space located?
The property is located at 3033 Hurley Way Sacramento, CA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Retail property located at Hurley Way and Morse Ave, near US 50 and I‑80; Zoned SC (Shopping Center), a light commercial district allowing retail and professional office uses; SC zoning also allows sale of commodities and performance of services, including repair facilities and offices
