Two-Story Medical Office Building with 8
For Sale
Contact for pricing
10425 Fair Oaks Boulevard, Fair Oaks, CA 95628
Two-story medical office with elevator service, configured with dental/medical suites and dedicated storage for compressors and vacuums.
Property Size12,005 SF
Price / SF$232.82
Days on Market123
Property Features for 10425 Fair Oaks Boulevard
General Information
Standard status
Active
Size
12,005 SF
Total Parking Spaces
82
Property subtype
Office
Zoning
SPA- Special Planning Area
Occupancy
74%
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$181,862
Building Details
Year Built
1984
Year Renovated
2024
Stories
2
Units
8
Tenancy
Multi
Listing Agency:
Colliers - Sacramento, California
Listed By:
Eric Ortiz · License #CA 01821549
(916) 717-6606
Source:
Crexi
Added: May 5
Changed: Sep 4
Last Checked: Sep 2 at 12:13AM
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 Colliers - Sacramento, California
Investment Insights
Based on property information with market context.
This two-story medical office building, named Fair Oaks Dental Village, is configured for dental and medical use. The property includes an elevator and features eight dental/medical suites, along with dedicated storage for compressors and vacuums. Ample parking is provided to accommodate patients and tenants.
Located along Fair Oaks Boulevard near Sunrise Boulevard, the building offers convenient access to Fair Oaks, Gold River, Orangevale, and Carmichael. Its placement near the center of the Fair Oaks Village area supports patient-friendly accessibility and visibility.
The building was originally built by the seller and has never been on the market for sale, making this a first-time offering. The property also has a dental/medical tenant with a remaining lease term.
Located along Fair Oaks Boulevard near Sunrise Boulevard, the building offers convenient access to Fair Oaks, Gold River, Orangevale, and Carmichael. Its placement near the center of the Fair Oaks Village area supports patient-friendly accessibility and visibility.
The building was originally built by the seller and has never been on the market for sale, making this a first-time offering. The property also has a dental/medical tenant with a remaining lease term.
Key Highlights
- Two‑story Fair Oaks Dental Village medical office near the center of Fair Oaks Village
- Elevator‑served building with 8 dental/medical suites
- Dedicated storage for compressors and vacuums
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
$187,748
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
6.72%
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%
$3,754,960
$3.8M
Cap Rate 7%
$2,682,114
$2.7M
Cap Rate 9%
$2,086,089
$2.1M
Market Conditions
NOI Build-Up for 12,005 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
$308.3K $25.68/SF
− Vacancy
−$58.0K −$4.83/SF
EGI
$250.3K $20.85/SF
− OpEx
−$62.6K −$5.21/SF
NOI
$187.7K $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%
$3,754,960
Cap Rate 7%
$2,682,114
Cap Rate 9%
$2,086,089
Alternative Uses
Best Use
Office B
$2.68M
$2.35M – $3.13M
NOI $187,748 @ 7.0% cap · market cap 6.72%
Second Best
Healthcare Medical
$1.75M
$1.53M – $2.04M
NOI $122,196 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$3.20M
$2.80M – $3.73M
NOI $223,873 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 95628, CA
42,824
Population
17,417
Households
2.5
Avg Household Size
46
Median Age
44%
College-Educated
96%
High-School Grad
12.9 sq mi
ZIP Area
3,320
Density / Sq Mi
$111,582
Median Household Income
$57,050
Median Earnings
$1,857
Median Rent
$615,400
Median Home Value
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-story medical office with elevator service, configured with dental/medical suites and dedicated storage for compressors and vacuums.
Where is this medical office space located?
The property is located at 10425 Fair Oaks Boulevard Fair Oaks, CA.
What is the asking price?
The asking price for this property is $2,795,000.
What are key features of this property?
This property features: Two‑story Fair Oaks Dental Village medical office near the center of Fair Oaks Village; Elevator‑served building with 8 dental/medical suites; Dedicated storage for compressors and vacuums
