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    2201 Northgate Blvd Sacramento, CA 95833-2540
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    Property profile & analytics

    2201 Northgate Blvd, Sacramento, CA 95833-2540

    View on Map
    • Strip malls
    • 16,240 SF
    • 1.28 lot acres
    Off-Market
    Last Sale Sep 12, 2022
    $3,600,000
    Property ID
    US10-3026018
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,735,000
    Show details
    Cap Rate Potential
    8%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • mediZEN / (Bike/Boat/Book/etc) Store
    • Dr Greenthumb’s / (Bike/Boat/Book/etc) Store
    • Alternative Health Solutio / Alternative Medicine Practice
    • Thee Kayy Experience / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Maxsomas Wellness Center / Wellness Program

    Property Details for 2201 Northgate Blvd

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    1.28 lot acres
    Zone code
    C-2-SPD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    274-0243-007-0000
    APU
    27402430070000

    Description

    Garden Plaza offers exceptional retail leasing opportunities in Sacramento, California. Located at 2201 Northgate Boulevard, this vibrant shopping center enjoys a high-profile corner location at the intersection of Northgate Boulevard and Garden Highway, ensuring maximum visibility and accessibility for your business. The property features a mix of tenancy options, currently including one end-cap space and one inline space, ideal for a variety of retail uses. The address is within Sacramento County, zip code 95833. This is a multi-tenant retail property, providing a dynamic and established commercial environment. The property's strategic location within a busy commercial area offers significant foot traffic and convenient access for customers. The available spaces present a unique chance to establish or expand your retail presence in a thriving Sacramento neighborhood. Detailed specifications for each available suite, including square footage and lease terms, are available upon request. This is an excellent opportunity to secure a prime retail location in a high-traffic area of Sacramento. Contact us today to learn more about these exceptional retail spaces and schedule a viewing. The property is classified as retail, with multiple tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,830,000
      ML approach
      $3,905,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,090,000
      6.5%
      $4,700,000
      7%
      $4,365,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $5,095,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $4,810,000
      Change: -6% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,155,000
      Change: -18% Conversion: Difficult
      MEDICAL BUILDING
      $4,135,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.476
    Latitude
    38.6073
    CBSA code
    40900
    CBSA name
    SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $45,501
    $969,000
    $2,703,000
    $3,672,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,815,000
      24,100 SF

      1620 El Camino Ave

      SHOPPING CENTER, STRIP CENTER
      1620 El Camino Ave, Sacramento, CA 95833-3617
      View Details
    • Value Estimation
      $4,540,000
      27,013 SF

      3171 Truxel Rd

      SHOPPING CENTER, STRIP CENTER
      3171 Truxel Rd, Sacramento, CA 95833
      View Details
    • Value Estimation
      $6,300,000
      21,929 SF

      2550 El Camino Ave

      SHOPPING CENTER, STRIP CENTER
      2550 El Camino Ave, Sacramento, CA 95833-3900
      View Details
    • Value Estimation
      $695,000
      4,565 SF

      2686 Northgate Blvd

      SHOPPING CENTER, STRIP CENTER
      2686 Northgate Blvd, Sacramento, CA 95833
      View Details
    • Value Estimation
      $3,530,000
      21,250 SF

      3291 Truxel Rd

      SHOPPING CENTER, STRIP CENTER
      3291 Truxel Rd, Sacramento, CA 95833-1013
      View Details
    • Value Estimation
      $2,615,000
      18,100 SF

      2301 Northgate Blvd

      SHOPPING CENTER, STRIP CENTER
      2301 Northgate Blvd, Sacramento, CA 95833-2504
      View Details

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      Dream estate awaits on Garden Highway, Sacramento.
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      Retail space available on Truxel Road and W El Camino.
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      View Details
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      Retail Space on El Camino

      Retail space available in Sacramento near Interstate 5.
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      North Sacramento Retail Opportunity

      Commercial building in a prime North Sacramento location.
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      Sacramento Retail Space Available

      Retail space for lease in Sacramento, California.
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      Prime Sacramento Commercial Office Space

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    2201 Northgate Blvd
    Sacramento, CA 95833-2540
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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