Listing Agency: PDF Commercial

Listed By: Paul Frank · License #01112160 Show Phone

Source: Crexi

Added: Sep 21, 2023 Changed: Oct 25 Last Checked: Oct 28 at 7:43AM

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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 / Yr

$63,790

Cap Rate

6.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,275,800 $1.3M

Cap Rate 7%

$911,286 $911.3K

Cap Rate 9%

$708,778 $708.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,900 SF

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 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. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Electrical Service HVAC Service Furniture & Home Goods Grocery & Convenience Store Pharmacy Home Appliance Store

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

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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.