Automotive Property with C-3
For Sale
Contact for pricing
9515 Greenback Lane, Folsom, CA 95630
The property carries a C-3 zoning designation.
Property Size17,400 SF
Price / SF$201.15
Days on Market14
Property Features for 9515 Greenback Lane
General Information
Standard status
Active
Size
17,400 SF
Property subtype
Retail
Zoning
C-3
Building Details
Year Built
1981
Abandoned
No
Listing Agency:
CBRE - Roseville
(916) 781-4802
Listed By:
Scott Rush · License #01228497
Source:
Crexi
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 29 at 5:42PM
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.
This automotive property at 9515 Greenback Lane in Folsom, California, contains 17,400 square feet and was built in 1981. The site is zoned C-3, providing a defined commercial zoning designation for the existing automotive-oriented asset. Owner financing is available.
Key Highlights
- 17,400‑square‑foot automotive property
- C‑3 zoning designation
- Built in 1981
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
$247,566
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
7.07%
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%
$4,951,320
$5.0M
Cap Rate 7%
$3,536,657
$3.5M
Cap Rate 9%
$2,750,733
$2.8M
Market Conditions
NOI Build-Up for 17,400 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
$375.8K $21.60/SF
− Vacancy
−$22.2K −$1.27/SF
EGI
$353.7K $20.33/SF
− OpEx
−$106.1K −$6.10/SF
NOI
$247.6K $14.23/SF
Area
El Dorado County, CA
Vacancy
5.90%
Lease Rate
$21.60 /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%
$4,951,320
Cap Rate 7%
$3,536,657
Cap Rate 9%
$2,750,733
Alternative Uses
Best Use
Retail
$3.54M
$3.09M – $4.13M
NOI $247,566 @ 7.0% cap · market cap 7.07%
Second Best
Industrial
$2.20M
$1.92M – $2.57M
NOI $153,930 @ 7.0% cap · market cap 4.40%
Theoretical Best
Specialty Retail
$6.22M
$5.44M – $7.26M
NOI $435,458 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
89k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 40%
Home Improvements & Furnishings 13%
Beauty & Spa 1%
AMPM
Shops & Services
11,783 visits/mo
0.5 miles
Starbucks
Dining
11,644 visits/mo
0.2 miles
American River Ace Hardware
Home Improvements & Furnishings
11,637 visits/mo
0.2 miles
Jack in the Box
Dining
9,000 visits/mo
0.0 miles
7-Eleven
Shops & Services
6,879 visits/mo
0.4 miles
Demographics for 95630, CA
74,787
Population
30,106
Households
2.5
Avg Household Size
41
Median Age
59%
College-Educated
97%
High-School Grad
26.2 sq mi
ZIP Area
2,854
Density / Sq Mi
$139,182
Median Household Income
$74,786
Median Earnings
$2,280
Median Rent
$702,200
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?
Automotive property - The property carries a C-3 zoning designation.
Where is this automotive property located?
The property is located at 9515 Greenback Lane Folsom, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 17,400‑square‑foot automotive property; C‑3 zoning designation; Built in 1981
