Turn-Key Office
1024 Simon Drive Placerville, CA 95667
1024 Simon Drive, Placerville, CA, 95667
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For Sale
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Updated, ready-to-use office with multiple offices, conference space, kitchen, and recently upgraded HVAC and electrical systems.
Property Size3,536 SF
Price / SF$223.13
Days on Market55
Property Features for 1024 Simon Drive
General Information
- Standard status
- Active
- Size
- 3,536 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1962
Listing agency
CENTURY 21 Select Real Estate, Inc.
Listed by
David Bolster · License #CA
Source
Crexi
Added: May 29 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 5:53AM
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 CENTURY 21 Select Real Estate, Inc.
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.4k | $26.40 |
| − Vacancy | −$15.9k | −$4.49 |
| EGI | $77.5k | $21.91 |
| − OpEx | −$19.4k | −$5.48 |
| NOI | $58.1k | $16.43 |
3,536 SF · lease $26.40/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$830.2K
$726.4K – $968.5K
NOI $58,111 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.26M
$1.11M – $1.47M
NOI $88,493 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
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 $789,000.
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
