Creative Office
For Sale
Contact for pricing
111 Scripps Dr, Sacramento, CA 95825
Architecturally distinct office property with occupied space and a dedicated area for an owner-user or tenant.
Property Size8,958 SF
Price / SF$290.24
Days on Market62
Property Features for 111 Scripps Dr
General Information
Standard status
Active
Size
8,958 SF
Property subtype
OFFICE
Listing Agency:
Turton Commercial Real Estate - Corporate
(916) 573-3309
Listed By:
Scott Kingston · License #02063469
Source:
Moodyscre
Added: Jun 30
Changed: Aug 30
Last Checked: Aug 30 at 12:24AM
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 - Corporate
Investment Insights
Based on property information with market context.
This office building combines an architecturally distinct workplace with a flexible ownership or occupancy profile. Approximately 3,300 SF is available within the 8,958-square-foot property, providing room for an owner-user or tenant to establish operations in a professionally occupied setting.
The remaining approximately 5,658 SF is leased to Sequel Insurance through November 30, 2032. That occupancy creates a defined lease component alongside the available office area, allowing the property to serve users seeking both dedicated workspace and an established tenancy within the building.
Located in Campus Commons, the property is surrounded by an amenity base described as stronger than typical suburban office settings. The offering is suited to an owner-user or tenant seeking creative office character within an existing professional environment.
The remaining approximately 5,658 SF is leased to Sequel Insurance through November 30, 2032. That occupancy creates a defined lease component alongside the available office area, allowing the property to serve users seeking both dedicated workspace and an established tenancy within the building.
Located in Campus Commons, the property is surrounded by an amenity base described as stronger than typical suburban office settings. The offering is suited to an owner-user or tenant seeking creative office character within an existing professional environment.
Key Highlights
- Approximately 8,958 SF office building
- Approximately 3,300 SF available for an owner‑user or tenant
- Approximately 5,658 SF leased to Sequel Insurance
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Architecturally distinct office property with occupied space and a dedicated area for an owner-user or tenant.
Where is this office building located?
The property is located at 111 Scripps Dr 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: Approximately 8,958 SF office building; Approximately 3,300 SF available for an owner‑user or tenant; Approximately 5,658 SF leased to Sequel Insurance
