Mixed-Use Building on Florin
For Sale
Contact for pricing
8401-8403 Florin Rd, Sacramento, CA
Multi-tenant building with residential and commercial/warehouse space for sale.
Property Size7,700 SF
Lot Size0.80 Acres
Price / SF$162.34
Days on Market273
Property Features for 8401-8403 Florin Rd
General Information
Standard status
Active
Size
7,700 SF
Lot size
0.80 Acres
Property subtype
RETAIL
Listing Agency:
Century 21 - Mueller Commercial | Sacramento
(916) 704-9341
Listed By:
Daniel Mueller
Source:
Moodyscre
Added: Nov 10, 2025
Changed: Aug 8
Last Checked: Aug 10 at 11:00AM
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 Century 21 - Mueller Commercial | Sacramento
Investment Insights
Based on property information with market context.
This multi-tenant mixed-use building is for sale on the busy Florin Corridor. Constructed in 1936, the two-story building features a mix of residential units on the second floor and commercial/warehouse space on the ground floor. Situated on 0.79 acres of land zoned SPA, the property is part of the Old Town Planning Area. The building offers multiple access points and ample parking. Visible from Florin Road and facing the main street, the space benefits from heavy daytime traffic. The flexible zoning allows for a multitude of uses. Located directly off Hwy 99 at Florin Road, the property is near significant shops and other retail, including Walmart Supercenter, Starbucks, Krispy Kreme, and Home Depot. This 7,700 square-foot property presents an owner-user opportunity ideal for any investor.
Key Highlights
- High‑traffic location on Florin Road with excellent visibility.
- Mixed‑use building with residential and commercial/warehouse spaces.
- Ample parking and multiple access points.
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
$106,260
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
8.50%
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%
$2,125,200
$2.1M
Cap Rate 7%
$1,518,000
$1.5M
Cap Rate 9%
$1,180,667
$1.2M
Market Conditions
NOI Build-Up for 7,700 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
$184.8K $24.00/SF
− Vacancy
−$14.8K −$1.92/SF
EGI
$170.0K $22.08/SF
− OpEx
−$63.8K −$8.28/SF
NOI
$106.3K $13.80/SF
Area
Sacramento, CA
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,125,200
Cap Rate 7%
$1,518,000
Cap Rate 9%
$1,180,667
Alternative Uses
Best Use
Apartment 5plus
$1.73M
$1.51M – $2.02M
NOI $120,952 @ 7.0% cap · market cap 9.68%
Second Best
Retail
$1.71M
$1.49M – $1.99M
NOI $119,420 @ 7.0% cap · market cap 9.55%
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.41M
NOI $144,837 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in Sacramento, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-tenant building with residential and commercial/warehouse space for sale.
Where is this mixed-use property located?
The property is located at 8401-8403 Florin Rd Sacramento, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: High‑traffic location on Florin Road with excellent visibility.; Mixed‑use building with residential and commercial/warehouse spaces.; Ample parking and multiple access points.
