Four-Unit Retail
3308-3324 Martin Luther King Jr Blvd Sacramento, CA 95817
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3308-3324 Martin Luther King Jr Blvd, Sacramento, CA, 95817
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For Sale
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Four-unit retail building in Sacramento, CA, on commercially zoned land with C-1 zoning and major freeway access nearby.
Property Size5,000 SF
Lot Size0.33 Acres
Price / SF$244
Days on Market7
Property Features for 3308-3324 Martin Luther King Jr Blvd
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.33 Acres
- Property subtype
- Retail
Listing Agency
Mueller Commercial
Listed by
Daniel Mueller · License #CA
Source
Crexi
Added: Jul 11 Checked: Jul 15 at 2:39 am
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 Mueller Commercial
Investment Insights
Based on property information with market context.
The property is a four-unit retail building located at 3308-3324 Martin Luther King Jr Blvd in Sacramento, California. It includes a retail structure seated on commercially zoned land, and the property is zoned C-1.
The surrounding area is described as a mix of shopping, dining, housing, and education. The location also provides convenient access to Hwy 99 and I-5, supporting broad retail visibility and accessibility for day-to-day operations.
The surrounding area is described as a mix of shopping, dining, housing, and education. The location also provides convenient access to Hwy 99 and I-5, supporting broad retail visibility and accessibility for day-to-day operations.
Key Highlights
- 4‑unit retail building in Sacramento, CA on MLK Blvd
- +/-5,000 SF retail building
- +/-14,375 SF commercially zoned lot
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.6k | $23.52 |
| − Vacancy | −$6.8k | −$1.36 |
| EGI | $110.8k | $22.16 |
| − OpEx | −$33.2k | −$6.65 |
| NOI | $77.5k | $15.51 |
5,000 SF · lease $23.52/SF/yr · vacancy 5.80% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Four-unit retail building in Sacramento, CA, on commercially zoned land with C-1 zoning and major freeway access nearby.
Where is this storefront property 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: 4‑unit retail building in Sacramento, CA on MLK Blvd; +/-5,000 SF retail building; +/-14,375 SF commercially zoned lot
