Contiguous Multi-Floor Office
For Sale
Contact for pricing
1201 J St, Sacramento, CA 95814
First through third floors are contiguous and offered with furniture for sale.
Property Size30,035 SF
Price / SF$395
Days on Market296
Property Features for 1201 J St
General Information
Standard status
Active
Size
30,035 SF
Property subtype
OFFICE
Additional Details
Furnished
Yes
Listing Agency:
CBRE | Sacramento
(916) 446-8222
Listed By:
Tony Whittaker · License #01780828
(916) 492-6914
Source:
Moodyscre
Added: Oct 16, 2025
Changed: Jul 27
Last Checked: Aug 7 at 9:43AM
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 | Sacramento
Investment Insights
Based on property information with market context.
First, second and third floors are offered as contiguous office space, available up to approximately 30,035 RSF. The space is listed for sale with furniture included.
The property is located at 1201 J St, Sacramento, CA 95814.
Pricing is provided at $395 per RSF with a total list price of $11,863,825 based on the information available.
The property is located at 1201 J St, Sacramento, CA 95814.
Pricing is provided at $395 per RSF with a total list price of $11,863,825 based on the information available.
Key Highlights
- First, second and third floors are contiguous and available together
- Up to 30,035 RSF offered for sale at $395 psf with furniture included
- 38,400 SF Cushman & Wakefield | Sacramento
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
$409,203
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
3.45%
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%
$8,184,060
$8.2M
Cap Rate 7%
$5,845,757
$5.8M
Cap Rate 9%
$4,546,700
$4.5M
Market Conditions
NOI Build-Up for 30,035 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
$648.8K $21.60/SF
− Vacancy
−$103.2K −$3.43/SF
EGI
$545.6K $18.17/SF
− OpEx
−$136.4K −$4.54/SF
NOI
$409.2K $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%
$8,184,060
Cap Rate 7%
$5,845,757
Cap Rate 9%
$4,546,700
Alternative Uses
Best Use
Office B
$5.85M
$5.12M – $6.82M
NOI $409,203 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.07M
$7.06M – $9.42M
NOI $564,958 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,173
Businesses Nearby
Explore this area
Business Placement
Demographics for 95814, CA
12,208
Population
7,972
Households
1.5
Avg Household Size
38
Median Age
40%
College-Educated
90%
High-School Grad
1.4 sq mi
ZIP Area
8,720
Density / Sq Mi
$46,637
Median Household Income
$57,500
Median Earnings
$1,226
Median Rent
$621,400
Median Home Value
Market
Vacancy Rate% for Office in Sacramento, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - First through third floors are contiguous and offered with furniture for sale.
Where is this office units located?
The property is located at 1201 J St Sacramento, CA.
What is the asking price?
The asking price for this property is $11,863,825.
What are key features of this property?
This property features: First, second and third floors are contiguous and available together; Up to 30,035 RSF offered for sale at $395 psf with furniture included; 38,400 SF Cushman & Wakefield | Sacramento
