Freestanding Retail Building on Hard
For Sale
Contact for pricing
7155 24th St, Sacramento, CA 95822
Freestanding retail building situated on a signalized hard corner of Florin Rd and 24th St.
Property Size14,409 SF
Price / SF$242.90
Days on Market170
Property Features for 7155 24th St
General Information
Standard status
Active
Size
14,409 SF
Property subtype
Office, Retail
Zoning
C-2 EA-4
Investment Type
Owner/User
Building Details
Year Built
2006
Buildings
1
Stories
1
Listing Agency:
ROME Real Estate Group
Listed By:
Chase Burke · License #CA 01879336
(916) 705-8132
Source:
Crexi
Added: Mar 21
Changed: Sep 2
Last Checked: Sep 4 at 10:12AM
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 ROME Real Estate Group
Investment Insights
Based on property information with market context.
This freestanding retail building offers approximately 14,409 square feet of space. The property is described as a signalized hard corner location, positioned for retail visibility at a major intersection.
Located at 7155 24th St in Sacramento, California, the building sits on the corner of Florin Rd and 24th St. The corner setting supports straightforward customer access from both streets.
Located at 7155 24th St in Sacramento, California, the building sits on the corner of Florin Rd and 24th St. The corner setting supports straightforward customer access from both streets.
Key Highlights
- 14,409 SF freestanding retail building
- Built in 2006
- Located on a signalized hard corner at Florin Rd & 24th St
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
$223,470
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
6.38%
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%
$4,469,400
$4.5M
Cap Rate 7%
$3,192,429
$3.2M
Cap Rate 9%
$2,483,000
$2.5M
Market Conditions
NOI Build-Up for 14,409 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
$338.9K $23.52/SF
− Vacancy
−$19.7K −$1.36/SF
EGI
$319.2K $22.16/SF
− OpEx
−$95.8K −$6.65/SF
NOI
$223.5K $15.51/SF
Area
ZIP 95822
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 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%
$4,469,400
Cap Rate 7%
$3,192,429
Cap Rate 9%
$2,483,000
Alternative Uses
Best Use
Retail
$3.19M
$2.79M – $3.72M
NOI $223,470 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$112.30M
$98.26M – $131.02M
NOI $7,861,188 @ 7.0% cap · market cap 224.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
55k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 34%
Electronics 1%
McDonald's
Dining
16,081 visits/mo
0.2 miles
Little Caesars Pizza
Dining
7,081 visits/mo
0.4 miles
Adalberto's Mexican Food
Dining
6,570 visits/mo
0.2 miles
AutoZone
Shops & Services
5,070 visits/mo
0.3 miles
Chevron
Shops & Services
4,440 visits/mo
0.1 miles
Demographics for 95822, CA
45,215
Population
17,479
Households
2.6
Avg Household Size
38
Median Age
28%
College-Educated
85%
High-School Grad
8.4 sq mi
ZIP Area
5,383
Density / Sq Mi
$80,835
Median Household Income
$44,004
Median Earnings
$1,537
Median Rent
$438,400
Median Home Value
Market
Vacancy Rate% for Retail in Sacramento, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail building situated on a signalized hard corner of Florin Rd and 24th St.
Where is this retail space located?
The property is located at 7155 24th St Sacramento, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 14,409 SF freestanding retail building; Built in 2006; Located on a signalized hard corner at Florin Rd & 24th St
