Davis Storefront
New
For Sale
$1,360,000
409 3rd Street, Davis, CA 95616
The property was built in 2010 and offers on-street parking.
Property Size3,297 SF
Days on Market2
Property Features for 409 3rd Street
General Information
Standard status
Active
Size
3,297 SF
Zoning
See City of Davis Zoning
Amenities
Other
On Street
Building Details
Building Size
3,297 SF
Year Built
2010
Listing Agency:
Ronald Caceres, Broker
Listed By:
Ronald S. Caceres · License #00821385
(530) 537-8153
Source:
Evrealestate
Added: Sep 24
Last Checked: Sep 24 at 3:04PM
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 Ronald Caceres, Broker
Investment Insights
Based on property information with market context.
Located at 409 3rd Street in Davis, this storefront property was built in 2010. On-street parking is available. Zoning information is referenced through the City of Davis.
Key Highlights
- Built in 2010
- On‑street parking available
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
$46,909
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
3.45%
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%
$938,180
$938.2K
Cap Rate 7%
$670,129
$670.1K
Cap Rate 9%
$521,211
$521.2K
Market Conditions
NOI Build-Up for 3,297 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
$71.2K $21.60/SF
− Vacancy
−$4.2K −$1.27/SF
EGI
$67.0K $20.33/SF
− OpEx
−$20.1K −$6.10/SF
NOI
$46.9K $14.23/SF
Area
Yolo County, CA
Vacancy
5.90%
Lease Rate
$21.60 /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%
$938,180
Cap Rate 7%
$670,129
Cap Rate 9%
$521,211
Alternative Uses
Best Use
Retail
$670.1K
$586.4K – $781.8K
NOI $46,909 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$889.6K
$778.4K – $1.04M
NOI $62,274 @ 7.0% cap · market cap 4.58%
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
2,274
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95616, CA
51,003
Population
19,944
Households
2.6
Avg Household Size
27
Median Age
75%
College-Educated
97%
High-School Grad
29.9 sq mi
ZIP Area
1,706
Density / Sq Mi
$74,758
Median Household Income
$25,109
Median Earnings
$1,911
Median Rent
$856,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - The property was built in 2010 and offers on-street parking.
Where is this storefront property located?
The property is located at 409 3rd Street Davis, CA.
What is the asking price?
The asking price for this property is $1,360,000.
What are key features of this property?
This property features: Built in 2010; On‑street parking available
