Three-Suite Retail Strip
New
For Sale
$2,500,000
4245 Marconi Ave, Sacramento, CA 95821
A vacant endcap configured for restaurant use complements two occupied retail suites.
Property Size6,370 SF
Lot Size0.62 Acres
Price / SF$392.46
Days on Market1
Property Features for 4245 Marconi Ave
General Information
Standard status
Active
Size
6,370 SF
Lot size
0.62 Acres
Property subtype
Shopping Strip
Occupancy
69%
Site & Location
Corner Location
Yes
Traffic Count
38,500 vehicles/day
Road Access
Yes
Additional Details
Asking Price
$2,500,000
Amenities
Value-Add or Owner-User Opportunity: 68.6% Occupied
Per Placer.ai, Panda Express Ranks Eighth Among 28 Locations Within a 15-Mile Radius
Signalized Corner Location with Visibility to Approximately 38,500 Vehicles Per Day
Building Details
Building Size
6,370 SF
Year Built
2010
Tenancy
Multi
Listing Agency:
Sacramento Office
Listed By:
Eddie Nelson II · License #License(s): CA: 02328257
(916) 724-1308
Source:
Marcusmillichap
Added: Oct 19
Last Checked: Oct 19 at 2:44PM
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 Sacramento Office
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Investment Insights
Based on property information with market context.
Built in 2010, this three-suite retail center contains 6,370 square feet on 0.62 acres. Panda Express and Falafel Corner occupy two suites, bringing occupancy to 68.6%. The remaining 2,000-square-foot endcap is vacant and configured as a second-generation restaurant space. On-site parking and multiple entry and exit points serve the property.
The center stands at the signalized meeting of Marconi Avenue and Eastern Avenue, where visibility extends to approximately 38,500 vehicles per day. More than 140,000 residents live within three miles, and average household income in that radius exceeds $108,000. Nearby retailers include McDonald’s, Raley’s, WinCo Foods, Carl’s Jr., KFC, and Jack in the Box.
The center stands at the signalized meeting of Marconi Avenue and Eastern Avenue, where visibility extends to approximately 38,500 vehicles per day. More than 140,000 residents live within three miles, and average household income in that radius exceeds $108,000. Nearby retailers include McDonald’s, Raley’s, WinCo Foods, Carl’s Jr., KFC, and Jack in the Box.
Key Highlights
- 6,370‑square‑foot retail center on 0.62 acres, built in 2010
- Three suites; 68.6% occupied by Panda Express and Falafel Corner
- Vacant 2,000‑square‑foot endcap configured as second‑generation restaurant space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,793
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,975,860
$2.0M
Cap Rate 7%
$1,411,329
$1.4M
Cap Rate 9%
$1,097,700
$1.1M
Market Conditions
NOI Build-Up for 6,370 SF
Gross rent
$149.8K $23.52/SF
− Vacancy
−$8.7K −$1.36/SF
EGI
$141.1K $22.16/SF
− OpEx
−$42.3K −$6.65/SF
NOI
$98.8K $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 Rate 5%
$1,975,860
Cap Rate 7%
$1,411,329
Cap Rate 9%
$1,097,700
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.65M
NOI $98,793 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.71M
$1.50M – $2.00M
NOI $119,820 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
38,500 VPD
Traffic count
68.6%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
68k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 36%
McDonald's
Dining
13,634 visits/mo
0.1 miles
Panda Express
Dining
13,585 visits/mo
0.0 miles
ARCO
Shops & Services
12,314 visits/mo
0.0 miles
Taco Bell
Dining
11,870 visits/mo
0.1 miles
AMPM
Shops & Services
4,673 visits/mo
0.0 miles
Demographics for 95821, CA
39,310
Population
16,403
Households
2.4
Avg Household Size
37
Median Age
28%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
5,537
Density / Sq Mi
$58,331
Median Household Income
$41,630
Median Earnings
$1,342
Median Rent
$470,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Sacramento, CA
Frequently Asked Questions
What type of property is this?
Strip mall - A vacant endcap configured for restaurant use complements two occupied retail suites.
Where is this strip mall located?
The property is located at 4245 Marconi Ave Sacramento, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 6,370‑square‑foot retail center on 0.62 acres, built in 2010; Three suites; 68.6% occupied by Panda Express and Falafel Corner; Vacant 2,000‑square‑foot endcap configured as second‑generation restaurant space
