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    Renovated Office Condo Near Highway 80 Title is generated by Realmo AI

    3838 Watt Ave, Sacramento, CA

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    Renovated office condo in Lincoln Center, delivered vacant.

    Type:OFFICE
    Property size:
    3,077 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $225/SF
    Added:
    Mar 28, 2024
    Days on Market:
    831
    Last Refresh:
    Apr 5 at 11:21 pm

    Property Features for 3838 Watt Ave

    General Information

    Standard status
    Active
    Size
    3,077 SF
    Lot size
    0.10 Acres
    Property subtype
    OFFICE

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    Daniel Mueller
    Daniel Mueller

    Listing office Century 21 - Mueller Commercial | Sacramento

    Listing date Mar 28, 2024

    Source Moodyscre

    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 Century 21 - Mueller Commercial | Sacramento

    HighLights

    • Renovated in 2021, featuring nine private offices and a large conference room.
    • Centrally located in the Sacramento metropolitan area with immediate access to Highway 80.
    • Part of Lincoln Center, a professional business park with landscaped grounds.
    • Delivered vacant, suitable for most professional uses.
    • Abundant shared parking available.
    • Extensive window lines throughout the office.

    Overview

    Located in Sacramento, CA, the property at 3838 Watt Avenue, Building F-600, is an office condominium within Lincoln Center, a business park consisting of six buildings divided into multiple office condominiums on approximately 2.8 acres. The property is located immediately off Highway 80, providing central access to the Sacramento metropolitan area. Building F-600, renovated in 2021, features nine private offices, a large conference room, a reception and waiting area, a break room, two large restrooms, a work area, and open office space. The building offers extensive window lines overlooking landscaped grounds. The property is approximately 3,077 square feet and includes abundant parking shared by all buildings in the park. Currently occupied by a law office and a tax office, the space will be delivered vacant. The build-out is suitable for most professional uses. The property is zoned business professional and falls within the jurisdiction of Sacramento County.

    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 $66.5k $21.60
    − Vacancy −$10.6k −$3.43
    EGI $55.9k $18.17
    − OpEx −$14.0k −$4.54
    NOI $41.9k $13.62
    3,077 SF · lease $21.60/SF/yr · vacancy 15.90% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $598.9K
    $524.0K – $698.7K (±1% cap)
    NOI $41,922 @ 7.0% cap · market cap 6.03%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $826.8K
    $723.5K – $964.6K (±1% cap)
    NOI $57,878 @ 7.0% cap · market cap 8.33%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bastani Danesh G ... Dental Office Bastani & Bandani Inc Dental Office Susan Armstrong, Licensed ... Family Counselor Shareen Golbahar, Attorney ... Law Firm Rossmann MacDonald & Benetti, ... Accounting Firm

    Suggested Use

    Clothing & Fashion Store Gym & Fitness Center Cafe & Coffee Shop Car Rental Facility Pharmacy (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Coworking & Hybrid Office Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.382
    Latitude
    38.6362

    FAQs

    What type of property is this?
    Office units - Renovated office condo in Lincoln Center, delivered vacant.
    Where is this office units located?
    The property is located at 3838 Watt Ave Sacramento, CA.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Renovated in 2021, featuring nine private offices and a large conference room.; Centrally located in the Sacramento metropolitan area with immediate access to Highway 80.; Part of Lincoln Center, a professional business park with landscaped grounds.
    (916) 704-9341 Call to check price and availability
    More about this property
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