Listing Agency: PDF Commercial

Listed By: Paul Frank · License #01112160 Show Phone

Source: Crexi

Added: Sep 21, 2023 Changed: Sep 7 Last Checked: Sep 8 at 7:15AM

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Investment Insights

Based on property information with market context.

This +/- 4,900 SF retail building is located at 14138 Market Street in Walnut Grove, CA. The property offers an opportunity for an owner/user, with a versatile layout comprising two +/- 1,200 square foot units on the first floor, and a spacious +/- 2,500 square foot unit on the bottom level, complete with a finished patio. Situated on Market Street, the property enjoys high visibility and steady foot traffic, making it an attractive location for a range of retail businesses. Its proximity to the Sacramento River adds charm. Walnut Grove’s community and proximity to major transportation routes contribute to the area’s commercial growth and offer potential for businesses.

Key Highlights

• High visibility location on busy Market Street with steady foot traffic.
• Versatile layout with two +/- 1,200 sq ft units on the first floor and a spacious +/- 2,500 sq ft unit on the bottom level.
• Ideal for owner/user with potential for a wide range of retail businesses.

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

$63,790

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

6.44%

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%

$1,275,800 $1.3M

Cap Rate 7%

$911,286 $911.3K

Cap Rate 9%

$708,778 $708.8K

Market Conditions

NOI Build-Up for 4,900 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

$96.4K $19.68/SF

− Vacancy

−$5.3K −$1.08/SF

EGI

$91.1K $18.60/SF

− OpEx

−$27.3K −$5.58/SF

NOI

$63.8K $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%

$1,275,800

Cap Rate 7%

$911,286

Cap Rate 9%

$708,778

Alternative Uses

Best Use

Retail

$911.3K

$797.4K – $1.06M (±1% cap)

NOI $63,790 @ 7.0% cap · market cap 6.44%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.31M

$1.14M – $1.52M (±1% cap)

NOI $91,377 @ 7.0% cap · market cap 9.23%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Hotel & Motel

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

2

Businesses Nearby

Explore this area Business Placement

Demographics for 95690, CA

2,270

Population

727

Households

3.1

Avg Household Size

41

Median Age

40%

College-Educated

81%

High-School Grad

51.6 sq mi

ZIP Area

44

Density / Sq Mi

$88,173

Median Household Income

$32,197

Median Earnings

$1,329

Median Rent

$710,600

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Retail building with versatile layout and high visibility.

Where is this retail space located?

The property is located at 14138 Market St Walnut Grove, CA.

What is the asking price?

The asking price for this property is $990,000.

What are key features of this property?

This property features: High visibility location on busy Market Street with steady foot traffic.; Versatile layout with two +/- 1,200 sq ft units on the first floor and a spacious +/- 2,500 sq ft unit on the bottom level.; Ideal for owner/user with potential for a wide range of retail businesses.