Sacramento Commercial Real Estate & NNN Investments
For Bay Area investors who need yield, Sacramento is where the numbers still work. We help investors buy retail, NNN and industrial property in the Sacramento region — and help local owners sell or lease.
Why are Bay Area investors buying in Sacramento?
Yield. Sacramento retail averaged a 6.7% cap rate in Q3 2026 with vacancy under 6%, while California net-lease listings were asking a median of roughly 5.25%. For investors targeting 6.5% or better, Sacramento is one of the closest markets where that is realistic on stabilized property.
Salimi Investments (Fremont, CA · CA DRE #01480904 · NMLS #300923), led by broker Bilal Salimi, represents investors buying in Sacramento, West Sacramento and Elk Grove, and arranges commercial financing through its affiliated lender SI MTG.
Sacramento commercial market by the numbers
| Metric | Latest |
|---|---|
| Retail average cap rate | 6.7% (up from 6.4% in Q2) |
| Retail vacancy | 5.9% |
| Retail asking rent | $1.55 per sf/month (up 4.25% year over year) |
| Retail average sale price | $263 per sf |
| Industrial vacancy | 6.4% (down from 6.6% in Q2) |
| Office vacancy | 13.6% (lowest since Q2 2022) |
| City of Sacramento transfer tax | $3.85 per $1,000 ($2.75 city + $1.10 county) |
Sources: Kidder Mathews Sacramento Retail, Q3 2026; Cushman & Wakefield Sacramento Industrial and Office MarketBeats, Q3 2026; Net Lease World asking cap rates, Oct 2026; California City Finance transfer tax table (effective Dec 1, 2025). Figures are third-party estimates and vary by source, submarket and property type. See our full Northern California market report.
One advisor for the sale, the lease and the loan
Sell or lease your property
Free, confidential broker opinion of value and an honest sell vs. lease vs. hold recommendation. Quiet, off-market sales to our active buyers when that serves you better.
Buy or invest
Retail, NNN, warehouse, auto-use, gas stations and multifamily — underwritten on real income, cap rate and DSCR before you make an offer. Submit your criteria.
Finance it
Commercial, SBA and bridge loans through our affiliated lender SI MTG (NMLS #300923), structured alongside the purchase, plus 1031 exchange guidance.
What to know about Sacramento commercial property
- Retail is the yield play. A 6.7% average cap rate with positive absorption and rising rents is unusual for California. Neighborhood centers and single-tenant NNN with solid tenants are where most of our investor interest is.
- Industrial is stabilizing. Vacancy edged down to 6.4% in Q3 and rents held steady, with positive absorption for the quarter.
- Office is improving but still soft. Vacancy fell to 13.6%, the lowest since 2022 — better, but office still needs careful underwriting.
- Know your jurisdiction. Inside the City of Sacramento the transfer tax is $3.85 per $1,000; unincorporated Sacramento County and many nearby cities charge only the base $1.10. Zoning, fees and incentives also differ by city.
- Buying from the Bay Area? We handle out-of-area purchases end to end — underwriting, tours, due diligence, financing and 1031 exchange timing.
Own or want commercial property in Sacramento?
Tell us about it. Bilal reviews every request personally and responds within 48 hours.
Sacramento commercial real estate FAQ
What is the average cap rate for retail property in Sacramento?
About 6.7% in Q3 2026, up from 6.4% the prior quarter, according to Kidder Mathews.
Is Sacramento a good market for NNN investors from the Bay Area?
It is one of the closest California markets where stabilized retail and NNN can still reach a 6.5%+ cap rate. Every property depends on the tenant, lease terms and location, so each deal needs its own underwriting.
What is the commercial vacancy rate in Sacramento?
In Q3 2026: retail about 5.9%, industrial about 6.4%, and office about 13.6% (Kidder Mathews; Cushman & Wakefield).
How much is the transfer tax in the City of Sacramento?
$3.85 per $1,000 of value: the city’s $2.75 plus Sacramento County’s $1.10. Unincorporated county areas pay only the $1.10 county rate.
Can you help with a 1031 exchange into Sacramento property?
Yes. We help identify replacement property within your 45-day window and coordinate financing through SI MTG (NMLS #300923). Work with your qualified intermediary and tax advisor on the exchange itself.
Who is a commercial broker for Sacramento investments?
Salimi Investments, led by broker Bilal Salimi (CA DRE #01480904), serves Sacramento, West Sacramento and Elk Grove from its Fremont office. Call (510) 786-8739.
Salimi Investments · 44840 S. Grimmer Blvd, Fremont, CA 94538 · (510) 786-8739 · CA DRE #01480904 · NMLS #300923. Information is general and not tax or legal advice.