Neighborhood Retail Shopping
4960 Freeport Blvd, Sacramento, CA 95818
For Sale
Contact for pricing
C-2 retail center with ground-floor shops, second-floor offices, and restaurant space on a prominent corner site.
Property Size29,832 SF
Price / SF$199.94
Days on Market99
Property Features for 4960 Freeport Blvd
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Site & Location
Neighborhood
Corner Location
Anchor Co-Tenants
Additional Details
Gross Income
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Jahnrich Commercial Real Estate
Listed By:
Bobby Rich · License CA #01410142
Source:
Crexi
Added: Aug 8
Changed: Nov 13
Last Checked: Nov 12 at 7:18AM
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 Jahnrich Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1970, this C-2 shopping center contains 29,832 square feet across 13 units. The property combines 22,832 square feet of ground-floor retail with a 7,000-square-foot second level configured for smaller office suites. Ground-floor occupants include Dollar Tree, Akebono Japanese restaurant, ZLGK, Inc., Cathay Bank, and Mahoroba Japanese Bakery. The center also includes 6,400 square feet of vacant space, comprising a 2,400-square-foot retail suite and four upstairs office suites.
Located at 4960 Freeport Blvd in Sacramento’s Land Park submarket, the property occupies a corner along a north–south arterial. Four occupied ground-floor leases are structured on a triple-net basis, include 3–4% annual escalations, and have staggered expirations extending through 2029. The configuration provides a mix of established retail, restaurant, banking, and office uses within a neighborhood-serving center.
Located at 4960 Freeport Blvd in Sacramento’s Land Park submarket, the property occupies a corner along a north–south arterial. Four occupied ground-floor leases are structured on a triple-net basis, include 3–4% annual escalations, and have staggered expirations extending through 2029. The configuration provides a mix of established retail, restaurant, banking, and office uses within a neighborhood-serving center.
Key Highlights
- 29,832 SF shopping center comprising 13 units
- 22,832 SF of ground‑floor retail plus 7,000 SF of second‑floor office suites
- Dollar Tree, Akebono Japanese restaurant, ZLGK, Inc., Cathay Bank, and Mahoroba Japanese Bakery are occupants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$462,667
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,253,340
$9.3M
Cap Rate 7%
$6,609,529
$6.6M
Cap Rate 9%
$5,140,744
$5.1M
Market Conditions
NOI Build-Up for 29,832 SF
Gross rent
$701.6K $23.52/SF
− Vacancy
−$40.7K −$1.36/SF
EGI
$661.0K $22.16/SF
− OpEx
−$198.3K −$6.65/SF
NOI
$462.7K $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%
$9,253,340
Cap Rate 7%
$6,609,529
Cap Rate 9%
$5,140,744
Alternative Uses
Best Use
Retail
$6.61M
$5.78M – $7.71M
NOI $462,667 @ 7.0% cap · market cap 7.76%
Second Best
Office B
$5.81M
$5.08M – $6.77M
NOI $406,437 @ 7.0% cap · market cap 6.81%
Theoretical Best
Specialty Retail
$8.02M
$7.01M – $9.35M
NOI $561,140 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 95818, CA
22,375
Population
11,301
Households
2
Avg Household Size
39
Median Age
62%
College-Educated
93%
High-School Grad
3.9 sq mi
ZIP Area
5,737
Density / Sq Mi
$120,509
Median Household Income
$72,803
Median Earnings
$1,650
Median Rent
$768,700
Median Home Value
Market
Properties on Market for Shopping centers in Sacramento
Vacancy Rate% for Office in Sacramento, CA
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Frequently Asked Questions
What type of property is this?
Shopping center - C-2 retail center with ground-floor shops, second-floor offices, and restaurant space on a prominent corner site.
Where is this shopping center located?
The property is located at 4960 Freeport Blvd Sacramento, CA.
What is the asking price?
The asking price for this property is $5,964,486.
What are key features of this property?
This property features: 29,832 SF shopping center comprising 13 units; 22,832 SF of ground‑floor retail plus 7,000 SF of second‑floor office suites; Dollar Tree, Akebono Japanese restaurant, ZLGK, Inc., Cathay Bank, and Mahoroba Japanese Bakery are occupants
