Brick Shopping
For Sale
$4,750,000
4535 Missouri Flat Road, Placerville, CA 95667
Recently renovated center with smaller suites and a service station with an accompanying mini mart.
Property Size23,183 SF
Days on Market28
Property Features for 4535 Missouri Flat Road
General Information
Standard status
Active
Size
23,183 SF
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
23,183 SF
Year Built
1990
Construction
brick exterior
Tenancy
Multi
Listing Agency:
Portfolio Real Estate
(916) 425-0330
Listed By:
Gilbert Albiani · License #00584962
Source:
Teamnavigate
Added: Jul 28
Changed: Aug 23
Last Checked: Aug 23 at 5:54AM
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 Portfolio Real Estate
Investment Insights
Based on property information with market context.
Missouri Station is a brick-exterior shopping center at 4535 Missouri Flat Rd in Placerville, California. The property was recently renovated into smaller suites, creating a multi-tenant configuration for business and professional occupants. A service station with a mini mart serves as a major tenant, adding an established automotive and convenience component to the center.
The property is positioned along a high-traffic highway within a business community. Its tenancy includes a broad mix of business and professional uses, while the renovated suite layout supports the center’s multi-occupant format. Existing improvements include the brick exterior, smaller commercial suites, and the service station and mini mart operation.
The property is positioned along a high-traffic highway within a business community. Its tenancy includes a broad mix of business and professional uses, while the renovated suite layout supports the center’s multi-occupant format. Existing improvements include the brick exterior, smaller commercial suites, and the service station and mini mart operation.
Key Highlights
- Brick‑exterior shopping center at 4535 Missouri Flat Rd, Placerville, CA
- Recently renovated into smaller commercial suites
- Mixed tenancy includes business and professional occupants
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
$329,846
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
6.94%
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%
$6,596,920
$6.6M
Cap Rate 7%
$4,712,086
$4.7M
Cap Rate 9%
$3,664,956
$3.7M
Market Conditions
NOI Build-Up for 23,183 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
$500.8K $21.60/SF
− Vacancy
−$29.5K −$1.27/SF
EGI
$471.2K $20.33/SF
− OpEx
−$141.4K −$6.10/SF
NOI
$329.8K $14.23/SF
Area
El Dorado 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%
$6,596,920
Cap Rate 7%
$4,712,086
Cap Rate 9%
$3,664,956
Alternative Uses
Best Use
Specialty Retail
$8.29M
$7.25M – $9.67M
NOI $580,185 @ 7.0% cap · market cap 12.21%
Second Best
Retail
$4.71M
$4.12M – $5.50M
NOI $329,846 @ 7.0% cap · market cap 6.94%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
94k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 82%
Home Improvements & Furnishings 8%
Dining 5%
Electronics 2%
Walmart
Superstores
76,501 visits/mo
0.5 miles
Missouri Flat True Value Hardware
Home Improvements & Furnishings
7,052 visits/mo
0.1 miles
Mr. Pickle's Sandwich Shop
Dining
3,695 visits/mo
0.2 miles
T-Mobile
Electronics
2,103 visits/mo
0.5 miles
Supercuts
Beauty & Spa
1,332 visits/mo
0.5 miles
Demographics for 95667, CA
37,283
Population
15,647
Households
2.4
Avg Household Size
50
Median Age
29%
College-Educated
93%
High-School Grad
169.1 sq mi
ZIP Area
220
Density / Sq Mi
$90,499
Median Household Income
$44,405
Median Earnings
$1,408
Median Rent
$527,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Recently renovated center with smaller suites and a service station with an accompanying mini mart.
Where is this shopping center located?
The property is located at 4535 Missouri Flat Road Placerville, CA.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Brick‑exterior shopping center at 4535 Missouri Flat Rd, Placerville, CA; Recently renovated into smaller commercial suites; Mixed tenancy includes business and professional occupants
