Restaurant Building with
For Sale
$2,000,000
409 Natoma Street, Folsom, CA 95630
Existing food-service improvements include a full kitchen, bar, patio, and customer seating.
Property Size5,127 SF
Price / SF$390.09
Days on Market649
Property Features for 409 Natoma Street
General Information
Standard status
Active
Size
5,127 SF
Property subtype
Retail
Additional Details
Drive-Thru
Yes
Patio
Yes
Amenities
gas fireplace
Central Air
3
C-1
Public.
Building Details
Year Built
1959
Listing Agency:
Kind & Kin Properties
7700992
Listed By:
Mikayla Jansen
7700992
Source:
Xome
Added: Nov 21, 2024
Changed: Aug 31
Last Checked: Aug 31 at 2:00PM
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 Kind & Kin Properties
Investment Insights
Based on property information with market context.
This 5,127-square-foot restaurant property includes a full kitchen, storage areas, a walk-in fixed commercial refrigerator, and a refrigerated bakery display case. Customer-facing improvements include a large dining area with a gas fireplace, brick pizza oven, café seating, high-top tables, full bar, and exterior patio. An existing drive-through window supports additional service functionality, while central air serves the building.
The property is located at 409 Natoma Street in Folsom, less than one mile from the Historic Downtown Folsom District. On-site parking includes 29+ spaces. Built in 1959, the building combines established restaurant infrastructure with multiple seating and service areas.
The property is located at 409 Natoma Street in Folsom, less than one mile from the Historic Downtown Folsom District. On-site parking includes 29+ spaces. Built in 1959, the building combines established restaurant infrastructure with multiple seating and service areas.
Key Highlights
- 5,127 SF restaurant building with established food‑service improvements
- Existing drive‑through window, full kitchen, and walk‑in fixed commercial refrigerator
- Large dining area with gas fireplace, brick pizza oven, full bar, and high‑top seating
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
$128,310
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
6.42%
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%
$2,566,200
$2.6M
Cap Rate 7%
$1,833,000
$1.8M
Cap Rate 9%
$1,425,667
$1.4M
Market Conditions
NOI Build-Up for 5,127 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
$190.7K $37.20/SF
− Vacancy
−$19.6K −$3.83/SF
EGI
$171.1K $33.37/SF
− OpEx
−$42.8K −$8.34/SF
NOI
$128.3K $25.03/SF
Area
El Dorado County, CA
Vacancy
10.30%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
25.00%
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%
$2,566,200
Cap Rate 7%
$1,833,000
Cap Rate 9%
$1,425,667
Alternative Uses
Best Use
Specialty Retail
$1.83M
$1.60M – $2.14M
NOI $128,310 @ 7.0% cap · market cap 6.42%
Second Best
Industrial
$647.9K
$567.0K – $755.9K
NOI $45,356 @ 7.0% cap · market cap 2.27%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,934
Businesses Nearby
77k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 61%
Shops & Services 35%
Home Improvements & Furnishings 2%
Beauty & Spa 2%
Kohl's
Apparel
47,115 visits/mo
0.4 miles
AMPM
Shops & Services
8,437 visits/mo
0.3 miles
Bank of America
Shops & Services
6,724 visits/mo
0.4 miles
U.S. Bank
Shops & Services
3,951 visits/mo
0.5 miles
Shell
Shops & Services
3,582 visits/mo
0.4 miles
Demographics for 95630, CA
74,787
Population
30,106
Households
2.5
Avg Household Size
41
Median Age
59%
College-Educated
97%
High-School Grad
26.2 sq mi
ZIP Area
2,854
Density / Sq Mi
$139,182
Median Household Income
$74,786
Median Earnings
$2,280
Median Rent
$702,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing food-service improvements include a full kitchen, bar, patio, and customer seating.
Where is this conventional restaurant located?
The property is located at 409 Natoma Street Folsom, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 5,127 SF restaurant building with established food‑service improvements; Existing drive‑through window, full kitchen, and walk‑in fixed commercial refrigerator; Large dining area with gas fireplace, brick pizza oven, full bar, and high‑top seating
