Creative Office Space For
For Sale
Contact for pricing
109 Scripps Drive, Sacramento, CA 95825
Unique creative office space with income potential in Sacramento.
Property Size8,958 SF
Price / SF$290.24
Days on Market102
Property Features for 109 Scripps Drive
General Information
Standard status
Active
Size
8,958 SF
Total Parking Spaces
40
Property subtype
Office
Zoning
OB-PUD
Lease Type
Modified Gross
Investment Type
Owner/User
Net Operating Income
$158,000
Building Details
Year Built
1973
Buildings
1
Tenancy
Single
Listing Agency:
Turton Commercial Real Estate
(916) 474-5024
Listed By:
Scott Kingston · License #01485640
Source:
Crexi
Added: May 21
Changed: Aug 28
Last Checked: Aug 25 at 2:08PM
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 Turton Commercial Real Estate
Investment Insights
Based on property information with market context.
The property at 109 Scripps Drive offers a creative office environment within Campus Commons. The architecturally distinct office space is approximately 3,300 square feet and is located in a building where the majority of the space is already leased. The balance of the building, approximately 5,658 square feet, is leased to Sequel Insurance through November 30, 2032, generating approximately $158,000 in gross annual revenue. This arrangement provides income for an owner/user while allowing a tenant to occupy the available space. The property offers volume, natural light, and character. Companies may find this environment suitable for talent recruitment, culture development, and brand elevation. Positioned adjacent to Rio Del Oro Sports Club and surrounded by retail and dining destinations, including The UV, Pavilions, and Loehmann's Plaza, the location provides a live-work-play dynamic with convenience and accessibility. The property size is 8,958 square feet.
Key Highlights
- Rare creative office space with volume, natural light, and character.
- Approximately 3,300 square feet available.
- Existing lease to Sequel Insurance generating approximately $158,000 in gross annual revenue through November 30, 2032.
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
$122,046
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
4.69%
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%
$2,440,920
$2.4M
Cap Rate 7%
$1,743,514
$1.7M
Cap Rate 9%
$1,356,067
$1.4M
Market Conditions
NOI Build-Up for 8,958 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
$193.5K $21.60/SF
− Vacancy
−$30.8K −$3.43/SF
EGI
$162.7K $18.17/SF
− OpEx
−$40.7K −$4.54/SF
NOI
$122.0K $13.62/SF
Area
Sacramento, CA
Vacancy
15.90%
Lease Rate
$21.60 /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%
$2,440,920
Cap Rate 7%
$1,743,514
Cap Rate 9%
$1,356,067
Alternative Uses
Best Use
Office B
$1.74M
$1.53M – $2.03M
NOI $122,046 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.41M
$2.11M – $2.81M
NOI $168,500 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,666
Businesses Nearby
Explore this area
Business Placement
Demographics for 95825, CA
36,081
Population
16,803
Households
2.1
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
4.7 sq mi
ZIP Area
7,677
Density / Sq Mi
$64,264
Median Household Income
$35,994
Median Earnings
$1,582
Median Rent
$433,500
Median Home Value
Market
Vacancy Rate% for Office in Sacramento, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Creative space - Unique creative office space with income potential in Sacramento.
Where is this creative space located?
The property is located at 109 Scripps Drive Sacramento, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Rare creative office space with volume, natural light, and character.; Approximately 3,300 square feet available.; Existing lease to Sequel Insurance generating approximately $158,000 in gross annual revenue through November 30, 2032.
