0 Waterside Dr Sacramento, CA 95835
Northlake Commons, a 53,800 square foot retail center in Sacramento, CA, presents a unique investment opportunity. Situated on 7.8 acres at the intersection of Waterside Drive and a major thoroughfare, this multi-tenant property offers 6 available spaces ranging from 2,100 to 45,000 contiguous square feet. The center is strategically located to serve the thriving North Natomas and surrounding Northlake communities, benefiting from the completion of Northlake Phase I (1,276 single-family homes and 189 apartments) and the upcoming completion of Phase II in 2024 (1,038 single-family homes and 300 apartments). Its convenient location near Highway 99 and Elkhorn Boulevard provides excellent visibility and accessibility. The property is zoned R-1A-P and features a variety of potential uses, including anchor, grocery, fast food, convenience store, carwash, drive-thru, quick-service restaurant, and daycare. The APN is 2011490037. This prime retail location offers significant growth potential within a rapidly expanding residential area, providing easy access to Sacramento International Airport and the Metro Air Park Distribution Center. The property's four suites offer flexibility for various retail concepts. This is an exceptional opportunity to capitalize on the burgeoning growth of the North Natomas area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.