3838 Watt Ave, Sacramento, CA
Renovated office condo in Lincoln Center, delivered vacant.
- 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
Listing office Century 21 - Mueller Commercial | Sacramento (916) 704-9341
Listing date Mar 28, 2024
Source Moodyscre
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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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.382
- Latitude
- 38.6362