Medical Office Condo with
For Sale
$400,000
1005 Fowler Way, Placerville, CA 95667
Office condo includes reception area, two private offices/exam rooms, and a restroom between them.
Property Size736 SF
Price / SF$543.48
Days on Market461
Property Features for 1005 Fowler Way
General Information
Standard status
Active
Size
736 SF
Property subtype
Office
Amenities
Central Air
3
Commerical
Building Details
Year Built
2002
Listing Agency:
eXp Realty of Northern California, Inc.
5849427
Listed By:
Joubert Caston
7479121
Source:
Xome
Added: Jun 2, 2025
Changed: Sep 2
Last Checked: Sep 4 at 4:00AM
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 eXp Realty of Northern California, Inc.
Investment Insights
Based on property information with market context.
This office condo is configured for a medical or professional practice, with a welcoming reception area and a functional interior layout that includes two private offices or exam rooms. A restroom is conveniently located between the two rooms, and the unit also features two locking storage closets.
The property is described as being located in Placerville’s established medical corridor, just down the street from the hospital and surrounded by other professional uses. An outdoor sitting area is also included for staff or visitors.
The building presents an owner-user alternative to leasing, with the unit ready for practice operations from within the condo itself.
The property is described as being located in Placerville’s established medical corridor, just down the street from the hospital and surrounded by other professional uses. An outdoor sitting area is also included for staff or visitors.
The building presents an owner-user alternative to leasing, with the unit ready for practice operations from within the condo itself.
Key Highlights
- Office condo built in 2002 in Placerville’s established medical corridor
- Interior layout includes a reception area with front counter, plus two private offices/exam rooms
- Restroom conveniently located between the two private offices/exam rooms
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
$13,309
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
3.33%
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%
$266,180
$266.2K
Cap Rate 7%
$190,129
$190.1K
Cap Rate 9%
$147,878
$147.9K
Market Conditions
NOI Build-Up for 736 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
$24.7K $33.60/SF
− Vacancy
−$2.5K −$3.46/SF
EGI
$22.2K $30.14/SF
− OpEx
−$8.9K −$12.06/SF
NOI
$13.3K $18.08/SF
Area
El Dorado County, CA
Vacancy
10.30%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
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%
$266,180
Cap Rate 7%
$190,129
Cap Rate 9%
$147,878
Alternative Uses
Best Use
Healthcare Medical
$190.1K
$166.4K – $221.8K
NOI $13,309 @ 7.0% cap · market cap 3.33%
Second Best
Office B
$172.8K
$151.2K – $201.6K
NOI $12,095 @ 7.0% cap · market cap 3.02%
Theoretical Best
Specialty Retail
$263.1K
$230.2K – $307.0K
NOI $18,419 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,528
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95667, CA
37,283
Population
15,647
Households
2.4
Avg Household Size
50
Median Age
29%
College-Educated
93%
High-School Grad
169.1 sq mi
ZIP Area
220
Density / Sq Mi
$90,499
Median Household Income
$44,405
Median Earnings
$1,408
Median Rent
$527,900
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?
Medical Office Space - Office condo includes reception area, two private offices/exam rooms, and a restroom between them.
Where is this medical office space located?
The property is located at 1005 Fowler Way Placerville, CA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Office condo built in 2002 in Placerville’s established medical corridor; Interior layout includes a reception area with front counter, plus two private offices/exam rooms; Restroom conveniently located between the two private offices/exam rooms
