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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6035 Florin Rd Sacramento, CA 95823

    • Strip malls
    • 14,813 SF
    For Lease
    View listing
    $24 SF/Yr
    Last Sale
    Oct 16, 2023
    $2,862,500
    Value Estimations
    $2,950,000
    Cap Rate Potential
    8.7%
    Strip malls
    Location Intelligence
    Property ID
    US09-3538785
    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.

    Current Use by Public Records

    • Reliant Dental Care / Dental Office
    • Sacramento Payday Loans / Loan Service
    • Star Beauty Supply / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Affordable Dentures & Implants / Dental Office
    • Metro by T-Mobile / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 6035 Florin Rd

    Year built
    2008
    Construction
    WOOD
    Property size
    14,813 SF
    Zone code
    SC
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    042-0011-041-0000
    APU
    4200110410000

    Description

    This exceptional retail opportunity is located within the vibrant Florin Towne Centre in Sacramento, California. The property, situated at 6035 & 6041 Florin Rd, zip code 95823, offers a combined 13,850 square feet of storefront space available for lease. The center enjoys a prime location at the Northwest corner of Florin Road and Stockton Boulevard, benefiting from significant vehicular traffic and high visibility. A key advantage is the shadow-anchoring presence of a Walmart Super Center, driving substantial foot traffic to the entire shopping center. The property consists of multiple tenancies within the Florin Towne Centre complex, offering flexibility for various retail businesses. The Metro and Fred Loya buildings are also part of this well-established center, providing a diverse range of existing tenants and a strong sense of community. This location in Sacramento County presents a compelling investment opportunity for businesses seeking high-traffic exposure and a well-established retail environment. The property's address is easily accessible and benefits from excellent visibility along a major thoroughfare. This is an ideal location for businesses seeking to establish a strong presence in a thriving Sacramento retail market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,025,000
      ML approach
      $3,055,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,365,000
      6.5%
      $4,025,000
      7%
      $3,740,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,114,000
      Market price range: $2.36M - $6.15M
      AI Estimate
      $1,857,000
      Market price range: $411k - $3.72M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $4,670,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $4,390,000
      Change: -6% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,790,000
      Change: -19% Conversion: Difficult
      MEDICAL BUILDING
      $3,770,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.435
    Latitude
    38.4977
    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
    $31,776
    $1,295,000
    $1,537,500
    $2,832,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $13,270,000
      96,000 SF

      4551 Mack Rd

      SHOPPING CENTER, STRIP CENTER • 96,000 SF
      4551 Mack Rd, Sacramento, CA 95823-4532
      View Details
    • Value Estimation
      $2,440,000
      14,682 SF

      6665 Stockton Blvd

      SHOPPING CENTER, STRIP CENTER • 14,682 SF
      6665 Stockton Blvd, Sacramento, CA 95823-1634
      View Details
    • Value Estimation
      $3,870,000
      17,997 SF

      6019 Florin Rd

      SHOPPING CENTER, STRIP CENTER • 17,997 SF
      6019 Florin Rd, Sacramento, CA 95823-2491
      View Details
    • Value Estimation
      $4,095,000
      32,524 SF

      6418 Stockton Blvd

      SHOPPING CENTER, STRIP CENTER • 32,524 SF
      6418 Stockton Blvd, Sacramento, CA 95823-1605
      View Details
    • Value Estimation
      $2,330,000
      12,285 SF

      7454 Stockton Blvd

      SHOPPING CENTER, STRIP CENTER • 12,285 SF
      7454 Stockton Blvd, Sacramento, CA 95823-3200
      View Details
    • Value Estimation
      $2,935,000
      17,900 SF

      6081 Florin Rd

      SHOPPING CENTER, STRIP CENTER • 17,900 SF
      6081 Florin Rd, Sacramento, CA 95823-2304
      View Details

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    Similar Nearby for Lease

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      2,500 SF

      Retail Space in Southgate Plaza

      Retail space with high traffic exposure on Florin Road.
      4420-4518 Florin Rd, Sacramento, CA 95823
      View Details
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      Retail Space in Florin Towne

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      Arden Way Retail Center Opportunity

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      Southgate Plaza: Prime Sacramento Retail

      High-demand Sacramento retail space available.
      4220 Florin Rd, Sacramento, CA 95823
      View Details
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    Sacramento, CA 95823
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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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