Listing Agency: CBRE - Roseville

Listed By: Shana Lennon · License #01446203 Show Phone

Source: Cbre

Added: Apr 15 Changed: Oct 16 Last Checked: Oct 16 at 8:02AM

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Investment Insights

Based on property information with market context.

The property features a building with approximately 6,000 square feet of flex/industrial space. The asking price is $695,000. The Net Operating Income (NOI) is $38,692.72. The sale includes the fee simple improvements, specifically the building itself. The underlying land is leased under an agreement with the railroad.

Key Highlights

• ±6,000 SF Building
• NOI $38,692.72
• $695,000 Asking Price

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,194

Cap Rate

5.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$703,880 $703.9K

Cap Rate 7%

$502,771 $502.8K

Cap Rate 9%

$391,044 $391.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$57.6K $9.60/SF

− Vacancy

−$3.5K −$0.58/SF

EGI

$54.1K $9.02/SF

− OpEx

−$19.0K −$3.16/SF

NOI

$35.2K $5.87/SF

Area

Placer County, CA

Vacancy

6.00%

Lease Rate

$9.60 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$703,880

Cap Rate 7%

$502,771

Cap Rate 9%

$391,044

Alternative Uses

Best Use

Industrial

$1.06M

$923.6K – $1.23M (±1% cap)

NOI $73,890 @ 7.0% cap · market cap 11.46%

Second Best

Flex RnD

$502.8K

$439.9K – $586.6K (±1% cap)

NOI $35,194 @ 7.0% cap · market cap 5.46%

Theoretical Best

Office A

$2.32M

$2.03M – $2.71M (±1% cap)

NOI $162,594 @ 7.0% cap · market cap 25.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

C & C Marine (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Hair Salon Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Dental Office Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

225

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 95658, CA

6,532

Population

2,511

Households

2.6

Avg Household Size

50

Median Age

45%

College-Educated

95%

High-School Grad

23.3 sq mi

ZIP Area

280

Density / Sq Mi

$128,472

Median Household Income

$66,563

Median Earnings

$1,529

Median Rent

$814,300

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - 6,000 SF flex/industrial building with income in Newcastle, CA.

Where is this flex space located?

The property is located at 9390 Old State Highway Newcastle, CA.

What is the asking price?

The asking price for this property is $645,000.

What are key features of this property?

This property features: ±6,000 SF Building; NOI $38,692.72; $695,000 Asking Price