Sacramento Retail Building on
For Sale
Contact for pricing
3308-3324 Martin Luther King Jr Blvd, Sacramento, CA
Retail building in Oak Park with high traffic volume.
Property Size5,000 SF
Lot Size0.22 Acres
Price / SF$244
Days on Market467
Property Features for 3308-3324 Martin Luther King Jr Blvd
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.22 Acres
Property subtype
RETAIL
Listing Agency:
Century 21 - Mueller Commercial | Sacramento
(916) 704-9341
Listed By:
John Cardoza
(916) 228-1970
Source:
Moodyscre
Added: Jun 4, 2025
Changed: Sep 7
Last Checked: Sep 12 at 11:45AM
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.
This retail building offers an opportunity to acquire a retail investment. The building has approximately 5,000 square feet and sits on approximately 0.33 acres. It is located on Martin Luther King Jr Boulevard in Sacramento, California. The property is zoned C-1. The surrounding area features a mix of shopping, dining, housing, and education, with convenient access to Highway 99 and I-5. This four-unit retail building with a lot is located in the Oak Park neighborhood of Sacramento and experiences high traffic volumes.
Key Highlights
- Four‑unit retail building in Sacramento's Oak Park neighborhood with high traffic volume.
- Zoned C‑1, offering a premier retail investment opportunity with potential upside.
- +\/- 5,000 sqft building on +\/- 0.33 AC of commercially zoned land.
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
$77,545
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
6.36%
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%
$1,550,900
$1.6M
Cap Rate 7%
$1,107,786
$1.1M
Cap Rate 9%
$861,611
$861.6K
Market Conditions
NOI Build-Up for 5,000 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
$117.6K $23.52/SF
− Vacancy
−$6.8K −$1.36/SF
EGI
$110.8K $22.16/SF
− OpEx
−$33.2K −$6.65/SF
NOI
$77.5K $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 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%
$1,550,900
Cap Rate 7%
$1,107,786
Cap Rate 9%
$861,611
Alternative Uses
Best Use
Retail
$1.11M
$969.3K – $1.29M
NOI $77,545 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.34M
$1.18M – $1.57M
NOI $94,050 @ 7.0% cap · market cap 7.71%
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
1,411
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
U.S. Bank
Shops & Services
4,078 visits/mo
0.5 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Sacramento, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building in Oak Park with high traffic volume.
Where is this retail space located?
The property is located at 3308-3324 Martin Luther King Jr Blvd Sacramento, CA.
What is the asking price?
The asking price for this property is $1,220,000.
What are key features of this property?
This property features: Four‑unit retail building in Sacramento's Oak Park neighborhood with high traffic volume.; Zoned C‑1, offering a premier retail investment opportunity with potential upside.; +\/- 5,000 sqft building on +\/- 0.33 AC of commercially zoned land.
