Newcastle Flex/Industrial Building For
For Sale
$645,000
9390 Old State Highway, Newcastle, CA 95658
6,000 SF flex/industrial building with income in Newcastle, CA.
Property Size6,000 SF
Price / SF$107.50
Days on Market141
Property Features for 9390 Old State Highway
General Information
Standard status
Active
Size
6,000 SF
Property subtype
FlexIndustrial
Listing Agency:
CBRE - Roseville
(916) 781-4868
Listed By:
Shana Lennon · License #01446203
(916) 781-4868
Source:
Cbre
Added: Apr 15
Changed: Aug 31
Last Checked: Sep 1 at 3:09PM
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 CBRE - Roseville
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 = 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
$35,194
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
5.46%
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%
$703,880
$703.9K
Cap Rate 7%
$502,771
$502.8K
Cap Rate 9%
$391,044
$391.0K
Market Conditions
NOI Build-Up for 6,000 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
$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 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%
$703,880
Cap Rate 7%
$502,771
Cap Rate 9%
$391,044
Alternative Uses
Best Use
Industrial
$1.06M
$923.6K – $1.23M
NOI $73,890 @ 7.0% cap · market cap 11.46%
Second Best
Flex RnD
$502.8K
$439.9K – $586.6K
NOI $35,194 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,594 @ 7.0% cap · market cap 25.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
