Office Flex
For Sale
Contact for pricing
11930 Heritage Oak Pl, Auburn, CA 95603
Well-maintained flex building offering combined office and warehouse space, plus steady rental income from two healthcare tenants.
Property Size23,916 SF
Price / SF$172.98
Days on Market208
Property Features for 11930 Heritage Oak Pl
General Information
Standard status
Active
Size
23,916 SF
Property subtype
FLEX_R_AND_D
Building Details
Buildings
1
Building Size
24,000 SF
Tenancy
Multi
Listing Agency:
Colliers | Sacramento
(916) 717-6606
Listed By:
Eric Ortiz · License #01821549
(916) 717-6606
Source:
Moodyscre
Added: Jan 5
Changed: Jul 31
Last Checked: Aug 1 at 4:14AM
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
Investment Insights
Based on property information with market context.
11930 Heritage Oak Pl is a flexible, well-maintained office flex building in Auburn, CA. The property totals 23,916 square feet and provides an owner/user the chance to occupy up to 17,833 square feet of office and warehouse space.
In addition to the owner/user layout, the building currently supports two healthcare tenants, including Sutter Health and LabCorp, providing a steady rental income component. Recent upgrades are also noted, supporting the building’s overall functionality and presentation for office and light industrial uses.
The property is designed for day-to-day flexibility, pairing office space with warehouse space to accommodate users who need both administrative and operational areas under one roof.
In addition to the owner/user layout, the building currently supports two healthcare tenants, including Sutter Health and LabCorp, providing a steady rental income component. Recent upgrades are also noted, supporting the building’s overall functionality and presentation for office and light industrial uses.
The property is designed for day-to-day flexibility, pairing office space with warehouse space to accommodate users who need both administrative and operational areas under one roof.
Key Highlights
- Total size of 23,916 square feet in an office flex building
- Owner/user opportunity to occupy up to 17,833 square feet of office and warehouse space
- Two healthcare tenants: Sutter Health and LabCorp
Financial Insights For Warehouse
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 | $421.9k | $17.64 |
| − Vacancy | −$32.5k | −$1.36 |
| EGI | $389.4k | $16.28 |
| − OpEx | −$58.4k | −$2.44 |
| NOI | $331.0k | $13.84 |
23,916 SF · lease $17.64/SF/yr · vacancy 7.70% · expense 15.00%
Alternative Uses
Best Use
Office B
$7.81M
$6.83M – $9.11M
NOI $546,651 @ 7.0% cap · market cap 13.21%
Second Best
Warehouse
$4.73M
$4.14M – $5.52M
NOI $330,985 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$9.26M
$8.10M – $10.80M
NOI $648,101 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95603, CA
28,021
Population
12,538
Households
2.2
Avg Household Size
49
Median Age
33%
College-Educated
92%
High-School Grad
35.8 sq mi
ZIP Area
783
Density / Sq Mi
$80,851
Median Household Income
$44,207
Median Earnings
$1,451
Median Rent
$613,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained flex building offering combined office and warehouse space, plus steady rental income from two healthcare tenants.
Where is this flex space located?
The property is located at 11930 Heritage Oak Pl Auburn, CA.
What is the asking price?
The asking price for this property is $4,137,000.
What are key features of this property?
This property features: Total size of 23,916 square feet in an office flex building; Owner/user opportunity to occupy up to 17,833 square feet of office and warehouse space; Two healthcare tenants: Sutter Health and LabCorp
