Listing Agency: Cushman & Wakefield | Sacramento Show Phone

Listed By: Lisa Stanley · License #01340056 Show Phone

Source: Moodyscre

Added: Jul 1, 2024 Changed: Oct 25 Last Checked: Oct 26 at 7:36PM

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Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This is a 4,530 square foot office building located in Granite Bay, California. The sale price is $2,038,500.

Key Highlights

• Building Size: 4,530 SF
• Sale Price: $2,038,500 USD
• Price Per Unit: $450.00 / USD

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$103,543

Cap Rate

5.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,070,860 $2.1M

Cap Rate 7%

$1,479,186 $1.5M

Cap Rate 9%

$1,150,478 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,530 SF

Gross rent

$160.9K $35.52/SF

− Vacancy

−$22.8K −$5.04/SF

EGI

$138.1K $30.48/SF

− OpEx

−$34.5K −$7.62/SF

NOI

$103.5K $22.86/SF

Area

Placer County, CA

Vacancy

14.20%

Lease Rate

$35.52 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,070,860

Cap Rate 7%

$1,479,186

Cap Rate 9%

$1,150,478

Alternative Uses

Best Use

Office B

$1.48M

$1.29M – $1.73M (±1% cap)

NOI $103,543 @ 7.0% cap · market cap 5.08%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.75M

$1.53M – $2.05M (±1% cap)

NOI $122,759 @ 7.0% cap · market cap 6.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Restaurant Dental Office Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop

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

219

Businesses Nearby

Explore this area Business Placement

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?

Office building - 4,530 SF office building for sale in Granite Bay.

Where is this office building located?

The property is located at 8515 Berg St Granite Bay, CA.

What is the asking price?

The asking price for this property is $2,038,500.

What are key features of this property?

This property features: Building Size: 4,530 SF; Sale Price: $2,038,500 USD; Price Per Unit: $450.00 / USD