Freestanding Office
For Sale
$500,000
4901 Marconi Avenue, Carmichael, CA 95608
Freestanding office building with private offices, restrooms, and ramp access, offering 12 parking spaces.
Property Size2,544 SF
Price / SF$196.54
Days on Market674
Property Features for 4901 Marconi Avenue
General Information
Standard status
Active
Size
2,544 SF
Total Parking Spaces
12
Property subtype
Office
Amenities
Central Air
3
Business Professional
Public.
Building Details
Year Built
1958
Tenancy
Single
Listing Agency:
RE/MAX Gold
2187500
Listed By:
Ranga Pathak · License #01364897
2019247
Source:
Xome
Added: Oct 31, 2024
Changed: Sep 1
Last Checked: Sep 4 at 2:50AM
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 RE/MAX Gold
Investment Insights
Based on property information with market context.
A 2,544-square-foot freestanding office building available for sale. The interior buildout includes multiple private offices and restrooms. The property previously operated as a three-tenant building, but has since been combined into a single-tenant opportunity. Mechanical improvements include three HVAC units about 15 years old, and three water heaters with two newer units. The roof is approximately 15 years old.
The building is described as having high identity presence on Marconi Avenue. Handicap accessibility is provided via a front ramp. Parking totals 12 spaces, and the shed located on the parking lot is scheduled to be removed at sale.
The building is described as having high identity presence on Marconi Avenue. Handicap accessibility is provided via a front ramp. Parking totals 12 spaces, and the shed located on the parking lot is scheduled to be removed at sale.
Key Highlights
- 2,544 SF freestanding office building on Marconi Avenue, currently configured as a single‑tenant opportunity with multiple private offices and restrooms
- Zoned Business Professional and suited for general professional uses
- 3 HVAC units (about 15 years old) and 3 water heaters (2 newer)
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
$39,786
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
7.96%
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%
$795,720
$795.7K
Cap Rate 7%
$568,371
$568.4K
Cap Rate 9%
$442,067
$442.1K
Market Conditions
NOI Build-Up for 2,544 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
$65.3K $25.68/SF
− Vacancy
−$12.3K −$4.83/SF
EGI
$53.0K $20.85/SF
− OpEx
−$13.3K −$5.21/SF
NOI
$39.8K $15.64/SF
Area
Sacramento County, CA
Vacancy
18.80%
Lease Rate
$25.68 /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%
$795,720
Cap Rate 7%
$568,371
Cap Rate 9%
$442,067
Alternative Uses
Best Use
Office B
$568.4K
$497.3K – $663.1K
NOI $39,786 @ 7.0% cap · market cap 7.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$677.7K
$593.0K – $790.7K
NOI $47,441 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Explore this area
Business Placement
Demographics for 95608, CA
65,367
Population
27,312
Households
2.4
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
13.2 sq mi
ZIP Area
4,952
Density / Sq Mi
$83,638
Median Household Income
$45,625
Median Earnings
$1,549
Median Rent
$565,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building with private offices, restrooms, and ramp access, offering 12 parking spaces.
Where is this office building located?
The property is located at 4901 Marconi Avenue Carmichael, CA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,544 SF freestanding office building on Marconi Avenue, currently configured as a single‑tenant opportunity with multiple private offices and restrooms; Zoned Business Professional and suited for general professional uses; 3 HVAC units (about 15 years old) and 3 water heaters (2 newer)
