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Medical Office Condominium
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1130 Conroy Ln, Roseville, CA 95661

Single medical/office condominium within a three-building offering, built in 1982 and zoned BP (Business Professional).

Property Size1,369 SF
Price / SF$328.71
Days on Market218

Property Features for 1130 Conroy Ln

General Information

Standard status Active
Size 1,369 SF
Property subtype OFFICE
Zoning BP
Lease Type Modified Gross

Building Details

Year Built 1982
Listing Agency: CBRE | Roseville
Listed By: Kevin Larscheid · License #00816790
Source: Moodyscre
Added: Feb 6 Changed: Aug 14 Last Checked: Sep 11 at 12:14PM

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 CBRE | Roseville

Investment Insights

Based on property information with market context.

This offering includes a medical/office condominium with approximately 1,369 square feet, part of a three-building package sold or leased individually or as a portfolio. The property is a condominium unit within the overall multi-building configuration and is supported by the stated ownership and operating structure reflected in the modified gross terms.

The building was constructed in 1982 and is designated for BP (Business Professional) zoning. Parking is provided at a ratio of 6.5 spaces per 1,000 square feet.

For operating cost context, the offering notes modified gross expenses at $2.00 per square foot, with an estimated 2026 CAM of $0.32 per square foot.

Key Highlights

  • Single medical/office condominium within a three‑building offering
  • 1,369 SF medical/office condo listed at $450,000 ($328.65 PSF)
  • Zoned BP (Business Professional)

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
$18,629
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
4.14%
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%
$372,580 $372.6K
Cap Rate 7%
$266,129 $266.1K
Cap Rate 9%
$206,989 $207.0K
Market Conditions
NOI Build-Up for 1,369 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
$34.5K $25.20/SF
− Vacancy
−$3.4K −$2.52/SF
EGI
$31.0K $22.68/SF
− OpEx
−$12.4K −$9.07/SF
NOI
$18.6K $13.61/SF
Area
Roseville, CA
Vacancy
10.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
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%
$372,580
Cap Rate 7%
$266,129
Cap Rate 9%
$206,989

Alternative Uses

Best Use
Healthcare Medical
$266.1K
$232.9K – $310.5K (±1% cap)
NOI $18,629 @ 7.0% cap · market cap 4.14%
Second Best
Office B
$263.6K
$230.7K – $307.5K (±1% cap)
NOI $18,452 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$376.8K
$329.7K – $439.6K (±1% cap)
NOI $26,375 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

April Carew, LCSW Foster Care Service Roseville Movers Moving Company Overt Beauty Bar Spa & Massage Center SAM Garage Door ... Building Supply Janice Andreyko Physician

Suggested Use

Top Pick Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store HVAC Service Home Appliance Store Catering Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,562
Businesses Nearby
Balanced
Demand for This Use

Demographics for 95661, CA

32,847
Population
13,832
Households
2.4
Avg Household Size
43
Median Age
44%
College-Educated
95%
High-School Grad
9.0 sq mi
ZIP Area
3,650
Density / Sq Mi
$103,745
Median Household Income
$62,760
Median Earnings
$1,930
Median Rent
$667,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Single medical/office condominium within a three-building offering, built in 1982 and zoned BP (Business Professional).
Where is this medical office space located?
The property is located at 1130 Conroy Ln Roseville, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Single medical/office condominium within a three‑building offering; 1,369 SF medical/office condo listed at $450,000 ($328.65 PSF); Zoned BP (Business Professional)
(916) 781-4818 Call to check price and availability
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