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    4215 Norwood Ave Sacramento, CA 95838
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    4215 Norwood Ave Sacramento, CA 95838

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    • Strip malls
    • 15,500 SF
    • 1.36 lot acres
    For Lease
    View Listing →
    4215 Norwood Ave, Sacramento, CA For Lease
    Contact for pricing

    4215 Norwood Ave, Sacramento, CA

    Retail space available for lease in Sacramento, California.

    4215 Norwood Ave, Sacramento, CA 95838
    View Listing
    Property ID
    US09-1033035
    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

    • Dr. Bobbi S. Underhill, DO / Pediatrician / Medical Clinic
    • Cigarettes And More / (Bike/Boat/Book/etc) Store
    • Robinson's Taekwondo - Natomas / Training Center / Sports School
    • Cigaretteland / (Bike/Boat/Book/etc) Store
    • Oportun / Loan Service

    Property Details for 4215 Norwood Ave

    Year built
    1994
    Construction
    TILT-UP CONCRETE
    Lot size
    1.36 lot acres
    Property size
    15,500 SF
    Zone code
    SC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    237-0100-031-0000
    APU
    23701000310000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $3,965,000
      MEDICAL BUILDING
      $3,945,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.458
    Latitude
    38.6456
    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
    $35,474
    $645,248
    $2,066,990
    $2,712,238
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,315,000
      7,712 SF

      4201 Norwood Ave

      SHOPPING CENTER, STRIP CENTER • 7,712 SF
      4201 Norwood Ave, Sacramento, CA 95838-4935
      View Details
    • Value Estimation
      $7,255,000
      51,600 SF

      4211 Norwood Ave

      SHOPPING CENTER, STRIP CENTER • 51,600 SF
      4211 Norwood Ave, Sacramento, CA 95838-4945
      View Details
    • Value Estimation
      $2,700,000
      12,585 SF

      4221 Norwood Ave

      SHOPPING CENTER, STRIP CENTER • 12,585 SF
      4221 Norwood Ave, Sacramento, CA 95838-2686
      View Details
    • Value Estimation by Request
      2,338 SF

      901 Grand Ave

      MINI-MALL • 2,338 SF
      901 Grand Ave, Sacramento, CA 95838-1004
      View Details
    • Value Estimation by Request
      1,072 SF

      5335 Dry Crk Rd

      AUTO REPAIR, GARAGE • 1,072 SF
      5335 Dry Crk Rd, Sacramento, CA 95838-1617
      View Details
    • Value Estimation by Request
      2,250 SF

      4010 Marysville Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,250 SF
      4010 Marysville Blvd, Sacramento, CA 95838-3714
      View Details

    Similar Nearby for Sale

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      Chance to Own an Auto Repair Shop in a Very Busy Part of Town

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    • $2,900,000

      Commercial Land on High-Traffic Corner

      Commercial property suitable for gas station, retail, or fast food.
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      Industrial Land with Secured Parking

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      Prime Industrial Location Opportunity

      1.33 acre lot with M-1SR zoning in Sacramento.
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      Sacramento Agricultural Land for Sale

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    Similar Nearby for Lease

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      Retail Space in Anchored Center

      High-visibility retail spaces with easy access and ample parking.
      4690-4780 Natomas Blvd, Sacramento, CA 95838
      View Details
    • Contact for pricing
      1,520 SF

      Retail Space in Sacramento

      Retail space available for lease in Sacramento, California.
      4215 Norwood Ave, Sacramento, CA 95838
      View Details
    • $2,077 /Mo
      2,077 SF

      Retail Building For Sale/Lease

      Retail Building For Sale/Lease
      3724 Marysville Boulevard, Sacramento, CA 95838
      View Details
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      Commercial Property with Freeway Access

      Fenced commercial property with excellent visibility and freeway access.
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      View Details
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      4,407 SF

      Sacramento Flex Space Available

      Flex, manufacturing, and tech space for lease in Sacramento.
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      View Details
    • $0.89 SF/Yr
      11,530 SF

      Warehouse Space with Freeway Access

      Fenced business park with excellent visibility and freeway access.
      4350 Raley Blvd, Sacramento, CA 95838
      View Details
    View Listing
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    Sacramento, CA 95838
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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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