Freestanding Retail Building on Hard
7155 24th St Sacramento, CA 95822
7155 24th St, Sacramento, CA, 95822
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For Sale
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Freestanding retail building situated on a signalized hard corner of Florin Rd and 24th St.
Property Size14,409 SF
Price / SF$260.25
Days on Market125
Property Features for 7155 24th St
General Information
- Standard status
- Active
- Size
- 14,409 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 2006
Listing agency
ROME Real Estate Group
(916) 705-8132
Listed by
Chase Burke · License #CA 01879336
Source
Crexi
Added: Mar 21 Updated: Jul 22 at 8:41PM Checked: Jul 22 at 8:41PM
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $338.9k | $23.52 |
| − Vacancy | −$19.7k | −$1.36 |
| EGI | $319.2k | $22.16 |
| − OpEx | −$95.8k | −$6.65 |
| NOI | $223.5k | $15.51 |
14,409 SF · lease $23.52/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.19M
$2.79M – $3.72M
NOI $223,470 @ 7.0% cap · market cap 5.96%
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 209.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
COVID-19 Drive-thru Testing ...
Pharmacy
Redbox
Cinema
FedEx OnSite
Postal Service
Walgreens Photo
(Bike/Boat/Book/etc) Store
BMO - ATM
Atm
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FAQs
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 $3,750,000.
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
