Office Building With
For Sale
$749,000
1-217 4th Street, Galt, CA 95632
Remodeled office property with updated HVAC, an ADA-accessible restroom, and separate shop space.
Property Size2,040 SF
Price / SF$367.16
Days on Market23
Property Features for 1-217 4th Street
General Information
Standard status
Active
Size
2,040 SF
Additional Details
Gross Income
$48,600
Office Units
6
Building Details
Buildings
3
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
Parker Realty
8100720
Listed By:
Terry A. Parker · License #00995323
8100720
Source:
Exprealty
Added: Jul 15
Changed: Aug 6
Last Checked: Aug 6 at 2:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Parker Realty
Investment Insights
Based on property information with market context.
This office property includes a remodeled 2,040-square-foot main building with a reception area, six private office suites, two storefront entrances, and two restrooms. One restroom is ADA accessible, while HVAC was updated within the past 5-7 years and the roof was replaced in 2025. Five offices are currently leased, and the seller occupies the remaining office along with the ancillary improvements.
The property also includes a separate 46' x 18' shop with alley access, a 14' x 14' roll-up door, man door, restroom, and 220-volt electrical service. An additional storage building with a roll-up door is included. Located at 1-217 4th Street in Galt's Old Town district, the property is within walking distance of restaurants, bakeries, boutiques, parks, entertainment venues, and community events.
The property also includes a separate 46' x 18' shop with alley access, a 14' x 14' roll-up door, man door, restroom, and 220-volt electrical service. An additional storage building with a roll-up door is included. Located at 1-217 4th Street in Galt's Old Town district, the property is within walking distance of restaurants, bakeries, boutiques, parks, entertainment venues, and community events.
Key Highlights
- 2,040‑square‑foot remodeled main office building
- Six private office suites; five are currently leased
- Separate 46' x 18' shop with alley access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,904
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$638,080
$638.1K
Cap Rate 7%
$455,771
$455.8K
Cap Rate 9%
$354,489
$354.5K
Market Conditions
NOI Build-Up for 2,040 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.4K $25.68/SF
− Vacancy
−$9.8K −$4.83/SF
EGI
$42.5K $20.85/SF
− OpEx
−$10.6K −$5.21/SF
NOI
$31.9K $15.64/SF
Area
Sacramento County, CA
Vacancy
18.80%
Lease Rate
$25.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$638,080
Cap Rate 7%
$455,771
Cap Rate 9%
$354,489
Alternative Uses
Best Use
Office B
$455.8K
$398.8K – $531.7K
NOI $31,904 @ 7.0% cap · market cap 4.26%
Second Best
Flex RnD
$441.6K
$386.4K – $515.2K
NOI $30,910 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$543.5K
$475.5K – $634.1K
NOI $38,043 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Explore this area
Business Placement
Demographics for 95632, CA
31,470
Population
10,521
Households
3
Avg Household Size
37
Median Age
22%
College-Educated
83%
High-School Grad
113.3 sq mi
ZIP Area
278
Density / Sq Mi
$90,933
Median Household Income
$40,428
Median Earnings
$1,490
Median Rent
$487,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Remodeled office property with updated HVAC, an ADA-accessible restroom, and separate shop space.
Where is this office units located?
The property is located at 1-217 4th Street Galt, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 2,040‑square‑foot remodeled main office building; Six private office suites; five are currently leased; Separate 46' x 18' shop with alley access
