515 Michigan Blvd, West Sacramento, CA
Office building in West Sacramento with functional layout and parking.
- Added:
- Jan 17, 2024
- Days on Market:
- 876
- Last Refresh:
- May 20 at 8:25 pm
Property Features for 515 Michigan Blvd
General Information
- Standard status
- Active
- Size
- 3,904 SF
- Lot size
- 0.38 Acres
- Property subtype
- OFFICE
Listing agent Ranga Pathak License #01364897 (916) 218-7499
Listing office Remax Gold Commercial (916) 218-7499
Listing date Jan 17, 2024
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Remax Gold Commercial
HighLights
- Functional layout featuring multiple office spaces, bathrooms, and a meeting hall across two floors.
- Ample Parking: 17 parking spaces available.
- Versatile opportunity suitable for practitioners and investors.
- Great owner user opportunity.
- Handicap accessibility.
- Well‑appointed office spaces.
Overview
Local Financial Insights For Office B
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 | $93.7k | $24.00 |
| − Vacancy | −$20.0k | −$5.11 |
| EGI | $73.7k | $18.89 |
| − OpEx | −$18.4k | −$4.72 |
| NOI | $55.3k | $14.17 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- West Sacramento
- County
- Yolo
- State
- California
- Longitude
- -121.527
- Latitude
- 38.5839
