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    2735 Marconi Ave Sacramento, CA 95821-4913
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    Property profile & analytics

    2735 Marconi Ave, Sacramento, CA 95821-4913

    View on Map
    • Grocery and convenience stores
    • 56,668 SF
    • 4.01 lot acres
    Off-Market
    Last Sale Nov 16, 2021
    $62,150,000
    Property ID
    US09-3294157
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sprouts Farmers Market / Grocery & Convenience Store / Food Market
    • Sprouts Farmers Market Bakery Dept / Bakery / Specialty Food Shop
    • Phantom Fireworks Stand / Discount Store / Party Supply Store

    Property Details for 2735 Marconi Ave

    Year built
    1997
    Construction
    WOOD
    Lot size
    4.01 lot acres
    Zone code
    SPA
    Property type
    Grocery and convenience stores
    APN
    268-0150-008-0000
    APU
    26801500080000

    Description

    Town & Country Village offers exceptional retail space for lease in Sacramento County. This vibrant shopping center boasts a total of 216,259 square feet and currently has 9,549 square feet available, divisible into units ranging from 1,957 to 3,992 contiguous square feet. The center enjoys a strong tenant mix, anchored by Sprouts Farmers Market, and including other national brands such as T.J. Maxx, Ulta Beauty, Ross Dress for Less, Jamba Juice, Trader Joe's, Great Clips, Five Below, Five Guys Burgers and Fries, Crumble Cookies, and Papa Murphy's Pizza. This ensures high foot traffic and a diverse customer base. The property benefits from a highly desirable location within a densely populated area. The surrounding three-mile radius has a population exceeding 130,400 residents, with an average household income surpassing $79,600. This prime location and strong tenant lineup present a compelling opportunity for businesses seeking high visibility and a thriving retail environment. The available spaces are ideal for a variety of retail concepts, offering flexibility and the potential for significant growth. Contact us today to learn more about leasing opportunities at Town & Country Village.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.398
    Latitude
    38.6198
    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
    $192,887
    $3,953,520
    $11,652,480
    $15,606,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $13,545,000
      63,755 SF

      3518 Marconi Ave

      GROCERY, SUPERMARKET
      3518 Marconi Ave, Sacramento, CA 95821-5302
      View Details
    • Value Estimation by Request
      2,400 SF

      3414 Whitney Ave

      CONVENIENCE STORE
      3414 Whitney Ave, Sacramento, CA 95821
      View Details
    • Value Estimation
      $3,020,000
      13,941 SF

      2540 Watt Ave

      GROCERY, SUPERMARKET
      2540 Watt Ave, Sacramento, CA 95821-6312
      View Details
    • Value Estimation
      $10,385,000
      17,272 SF

      4241 Marconi Ave

      GROCERY, SUPERMARKET
      4241 Marconi Ave, Sacramento, CA 95821-4215
      View Details
    • Value Estimation by Request
      0.19 Acres

      3448 Watt Ave

      CONVENIENCE STORE
      3448 Watt Ave, Sacramento, CA 95821-3613
      View Details
    • Value Estimation
      $700,000
      4,500 SF

      2160 El Camino Ave

      RETAIL STORES (PERSONAL SERVICES)
      2160 El Camino Ave, Sacramento, CA 95821-5504
      View Details

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      Land Parcels in Sacramento

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    Similar Nearby for Lease

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      1,600 SF

      Retail Space on El Camino

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      3347 El Camino Ave, Sacramento, CA 95821
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      Retail Space Available For Rent

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      3,600 SF

      Retail Space in Sacramento Center

      Retail space available in shopping center anchored by Sprouts.
      2625-2638 El Paseo Ln, Sacramento, CA 95821
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      5,000 SF

      Sacramento Retail Space Available

      Retail space available for lease in Sacramento, California.
      2740-2828 Marconi Ave, Sacramento, CA 95821
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      1,100 SF

      Retail Space on Watt Avenue

      Retail space available for lease on Watt Avenue.
      2648 Watt Ave, Sacramento, CA 95821
      View Details
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    Sacramento, CA 95821-4913
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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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