Fully Leased Orangevale Strip
For Sale
Contact for pricing
9264 Greenback Lane, Orangevale, CA 95662
Stabilized strip center in high-traffic area with long-term tenants.
Property Size5,880 SF
Lot Size0.48 Acres
Price / SF$183.67
Days on Market142
Property Features for 9264 Greenback Lane
General Information
Standard status
Active
Size
5,880 SF
Lot size
0.48 Acres
Property subtype
Retail
Zoning
SPA
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$71,278
Building Details
Year Built
1978
Stories
1
Tenancy
Multi
Listing Agency:
Jahnrich Commercial Real Estate
Listed By:
Josh Chiechi · License #02201256
Source:
Crexi
Added: Mar 24
Changed: Aug 8
Last Checked: Aug 11 at 10:09AM
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
Investment Insights
Based on property information with market context.
The property at 9264 Greenback Lane is a fully leased, stabilized neighborhood strip center located in Orangevale, California. The single-story commercial building totals approximately 5,880 square feet and is situated on a ±0.48-acre parcel. The property is currently occupied by three tenants, providing steady in-place income. One of the tenants, La Placita Restaurant, has been operating at this location for over 30 years. Zoned SPA (Special Planning Area), the site allows for a variety of commercial uses. The property is prominently positioned along Greenback Lane, with daily traffic counts exceeding 40,000 vehicles. The surrounding area features a mix of dense residential neighborhoods and a wide range of commercial activity, including national retailers such as Walmart, Target, Walgreens, and Starbucks, as well as local businesses, restaurants, automotive services, and neighborhood-serving retail. The property offers investors a turnkey asset with reliable cash flow and long-term potential.
Key Highlights
- Fully leased, stabilized neighborhood strip center providing steady in‑place income.
- Located on Greenback Lane, a high‑traffic corridor with excellent visibility and access.
- Long‑term tenant, La Placita Restaurant, a popular local establishment for over 30 years.
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
$76,548
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
7.09%
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%
$1,530,960
$1.5M
Cap Rate 7%
$1,093,543
$1.1M
Cap Rate 9%
$850,533
$850.5K
Market Conditions
NOI Build-Up for 5,880 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
$115.7K $19.68/SF
− Vacancy
−$6.4K −$1.08/SF
EGI
$109.4K $18.60/SF
− OpEx
−$32.8K −$5.58/SF
NOI
$76.5K $13.02/SF
Area
Sacramento County, CA
Vacancy
5.50%
Lease Rate
$19.68 /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%
$1,530,960
Cap Rate 7%
$1,093,543
Cap Rate 9%
$850,533
Alternative Uses
Best Use
Retail
$1.09M
$956.9K – $1.28M
NOI $76,548 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,652 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
152k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 55%
Dining 27%
Apparel 17%
WinCo Foods
Groceries
72,416 visits/mo
0.2 miles
Ross Dress for Less
Apparel
16,553 visits/mo
0.2 miles
Adalberto's Mexican Food
Dining
14,426 visits/mo
0.2 miles
Taco Bell
Dining
12,994 visits/mo
0.1 miles
Grocery Outlet Bargain Market
Groceries
11,310 visits/mo
0.2 miles
Demographics for 95662, CA
32,688
Population
13,028
Households
2.5
Avg Household Size
43
Median Age
30%
College-Educated
94%
High-School Grad
10.8 sq mi
ZIP Area
3,027
Density / Sq Mi
$93,613
Median Household Income
$52,521
Median Earnings
$1,841
Median Rent
$500,000
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?
Strip mall - Stabilized strip center in high-traffic area with long-term tenants.
Where is this strip mall located?
The property is located at 9264 Greenback Lane Orangevale, CA.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Fully leased, stabilized neighborhood strip center providing steady in‑place income.; Located on Greenback Lane, a high‑traffic corridor with excellent visibility and access.; Long‑term tenant, La Placita Restaurant, a popular local establishment for over 30 years.
