Turn-Key Office
For Sale
$749,000
1024 Simon Drive, Placerville, CA 95667
Updated, ready-to-use office with multiple offices, conference space, kitchen, and recently upgraded HVAC and electrical systems.
Property Size3,536 SF
Price / SF$211.82
Days on Market147
Property Features for 1024 Simon Drive
General Information
Standard status
Active
Size
3,536 SF
Property subtype
Office
Additional Details
Office Units
9
Building Details
Building Size
3,536 SF
Year Built
1962
Listing Agency:
Century 21 Select Real Estate
Listed By:
David Bolster · License #01356944
(530) 409-2676
Source:
Teamnavigate
Added: May 28
Changed: Oct 12
Last Checked: Oct 21 at 3:40AM
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 Century 21 Select Real Estate
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Investment Insights
Based on property information with market context.
1024 Simon Drive is a turn-key office building totaling 3,536 square feet, built for professional use. The interior layout includes nine offices, a conference facility, and a kitchen/break room, along with two bathrooms. The property has undergone extensive improvements in recent years, including a newly installed commercial HVAC system in 2023, an updated interior electrical system with a 200 amp PGE panel installed in 2024, and new interior flooring and exterior paint as documented in 2019. Additional upgrades include dual pane vinyl windows installed in 2018 and an Owens Corning Cool Roofing roof with a lifetime warranty installed in 2018. Newly installed ADA parking was added in 2025.
The building is located in downtown Placerville and is described as within an easy walking distance to the shops and restaurants of Main Street. Parking lot work was completed in 2024, supporting day-to-day access for employees and visitors.
This property is a practical fit for an owner user with multiple employees, or for an owner who occupies part of the building and leases the remainder. One office is currently occupied by a professional tenant on a month-to-month lease, providing immediate flexibility for an owner’s space plan.
The building is located in downtown Placerville and is described as within an easy walking distance to the shops and restaurants of Main Street. Parking lot work was completed in 2024, supporting day-to-day access for employees and visitors.
This property is a practical fit for an owner user with multiple employees, or for an owner who occupies part of the building and leases the remainder. One office is currently occupied by a professional tenant on a month-to-month lease, providing immediate flexibility for an owner’s space plan.
Key Highlights
- 3,536 SF downtown Placerville office building with nine offices, conference facility, kitchen/break room, and two bathrooms
- Updated in recent years: commercial HVAC system installed in 2023
- Electrical upgrades include new interior electrical system and 200 amp PGE panel installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,111
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,162,220
$1.2M
Cap Rate 7%
$830,157
$830.2K
Cap Rate 9%
$645,678
$645.7K
Market Conditions
NOI Build-Up for 3,536 SF
Gross rent
$93.4K $26.40/SF
− Vacancy
−$15.9K −$4.49/SF
EGI
$77.5K $21.91/SF
− OpEx
−$19.4K −$5.48/SF
NOI
$58.1K $16.43/SF
Area
El Dorado County, CA
Vacancy
17.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,162,220
Cap Rate 7%
$830,157
Cap Rate 9%
$645,678
Alternative Uses
Best Use
Office B
$830.2K
$726.4K – $968.5K
NOI $58,111 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.26M
$1.11M – $1.47M
NOI $88,493 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
9
Office units
Location Intelligence
Trade Area within ½ mile
1,573
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Updated, ready-to-use office with multiple offices, conference space, kitchen, and recently upgraded HVAC and electrical systems.
Where is this office building located?
The property is located at 1024 Simon Drive Placerville, 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: 3,536 SF downtown Placerville office building with nine offices, conference facility, kitchen/break room, and two bathrooms; Updated in recent years: commercial HVAC system installed in 2023; Electrical upgrades include new interior electrical system and 200 amp PGE panel installed in 2024
