Versatile Commercial/Industrial Property Near
For Sale
$4,200,000
4020 Florin Rd, Sacramento, CA 95823
Expansive commercial/industrial property with flexible space and convenient access.
Property Size39,026 SF
Lot Size3.72 Acres
Price / SF$107.62
Days on Market247
Property Features for 4020 Florin Rd
General Information
Standard status
Active
Size
39,026 SF
Lot size
3.72 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1978
Listing Agency:
Coldwell Banker Realty
(925) 837-4100
Listed By:
Jon Ahern · License #01169357
(925) 838-9999
Source:
Exitrealty
Added: Jan 9
Changed: Sep 5
Last Checked: Sep 13 at 4:42AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This expansive commercial/industrial property offers approximately 39,026 square feet of building space situated on a 3.72-acre lot. The building features two dock-high loading positions, one grade-level roll-up door, and ample on-site parking. A newer roof adds long-term value. The property is zoned C-2, allowing for a wide range of commercial and industrial uses. Formerly operated as a drugstore and most recently used as a tile and flooring showroom, this property provides excellent functionality for distribution, showroom, or light industrial operations. Strategically located near Highway 99, the property offers convenient regional access for employees, customers, and logistics. The location has a bike score of 71, indicating it is very bikeable, a walk score of 80, indicating it is very walkable, and a transit score of 40, indicating some transit options are available.
Key Highlights
- Great Location on Major Hwy
- Rustic and Ready
- Various types of businesses will fit
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
$246,782
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
5.88%
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%
$4,935,640
$4.9M
Cap Rate 7%
$3,525,457
$3.5M
Cap Rate 9%
$2,742,022
$2.7M
Market Conditions
NOI Build-Up for 39,026 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
$374.6K $9.60/SF
− Vacancy
−$22.1K −$0.57/SF
EGI
$352.5K $9.03/SF
− OpEx
−$105.8K −$2.71/SF
NOI
$246.8K $6.32/SF
Area
ZIP 95823
Vacancy
5.90%
Lease Rate
$9.60 /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%
$4,935,640
Cap Rate 7%
$3,525,457
Cap Rate 9%
$2,742,022
Alternative Uses
Best Use
Flex RnD
$7.28M
$6.37M – $8.49M
NOI $509,570 @ 7.0% cap · market cap 12.13%
Second Best
Industrial
$3.53M
$3.08M – $4.11M
NOI $246,782 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$22.17M
$19.40M – $25.87M
NOI $1,551,907 @ 7.0% cap · market cap 36.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95823, CA
81,212
Population
25,465
Households
3.2
Avg Household Size
33
Median Age
16%
College-Educated
75%
High-School Grad
11.5 sq mi
ZIP Area
7,062
Density / Sq Mi
$63,701
Median Household Income
$34,582
Median Earnings
$1,533
Median Rent
$372,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Sacramento, CA
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Frequently Asked Questions
What type of property is this?
Flex space - Expansive commercial/industrial property with flexible space and convenient access.
Where is this flex space located?
The property is located at 4020 Florin Rd Sacramento, CA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Great Location on Major Hwy; Rustic and Ready; Various types of businesses will fit
