Multi-Tenant Industrial-Flex
For Sale
$1,775,000
1803 Tribute Rd, Sacramento, CA 95815
Multi-tenant industrial-flex building with space available in a professionally managed park fronting Tribute Road.
Property Size11,815 SF
Price / SF$150.23
Days on Market150
Property Features for 1803 Tribute Rd
General Information
Standard status
Active
Size
11,815 SF
Property subtype
Vacant-User
Amenities
Immediate Business 80 (Capital City Freeway) and Highway 160 Access
Fully Renovated in 2020
Owner User Opportunity with Rental Income from Tenant (Triple-Net Lease with DoorDash)
Part of Three Building Industrial Business Park (1803 Tribute is Situated at the Front of the Business Park with the Best Visibility)
Building Details
Building Size
11,815 SF
Year Built
1975
Listing Agency:
Marcus & Millichap - Sacramento
(916) 724-1326
Listed By:
Edward J. Nelson · License #License(s): CA: 01452610
(916) 724-1326
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 17
Last Checked: Jul 23 at 7:24AM
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 Marcus & Millichap - Sacramento
Investment Insights
Based on property information with market context.
The property is an 11,815-square-foot multi-tenant industrial-flex building within a professionally managed industrial park. The park includes 1803 Tribute Road plus two adjacent buildings at 1805 and 1807 Tribute Road. The building is currently 57.7% leased to DoorDash under a triple-net (NNN) lease, leaving 4,995 square feet vacant and available for potential owner occupancy.
1803 Tribute Road is positioned at the front of the business park, offering the highest visibility from Tribute Road, which can support tenant signage and brand exposure. The site is situated between Highway 160 and Exposition Boulevard in the Point West community, with convenient access to major transportation corridors in the greater Sacramento region.
The remaining vacant area provides flexibility within the existing multi-tenant industrial-flex configuration while maintaining rental income from the current DoorDash tenant.
1803 Tribute Road is positioned at the front of the business park, offering the highest visibility from Tribute Road, which can support tenant signage and brand exposure. The site is situated between Highway 160 and Exposition Boulevard in the Point West community, with convenient access to major transportation corridors in the greater Sacramento region.
The remaining vacant area provides flexibility within the existing multi-tenant industrial-flex configuration while maintaining rental income from the current DoorDash tenant.
Key Highlights
- 11,815 SF multi‑tenant industrial‑flex building built in 1975 on Tribute Road in Sacramento
- Front of a professionally managed industrial park with 1805 and 1807 Tribute Road (3 buildings total)
- 57.7% leased: 6,820 SF to DoorDash under a triple‑net (NNN) lease
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
$129,250
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
7.28%
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%
$2,585,000
$2.6M
Cap Rate 7%
$1,846,429
$1.8M
Cap Rate 9%
$1,436,111
$1.4M
Market Conditions
NOI Build-Up for 11,815 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
$212.7K $18.00/SF
− Vacancy
−$13.8K −$1.17/SF
EGI
$198.8K $16.83/SF
− OpEx
−$69.6K −$5.89/SF
NOI
$129.3K $10.94/SF
Area
Sacramento, CA
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$2,585,000
Cap Rate 7%
$1,846,429
Cap Rate 9%
$1,436,111
Alternative Uses
Best Use
Flex RnD
$1.85M
$1.62M – $2.15M
NOI $129,250 @ 7.0% cap · market cap 7.28%
Second Best
Warehouse
$1.30M
$1.13M – $1.51M
NOI $90,722 @ 7.0% cap · market cap 5.11%
Theoretical Best
Specialty Retail
$3.17M
$2.78M – $3.70M
NOI $222,240 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,382
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 95815, CA
27,838
Population
10,527
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
79%
High-School Grad
7.7 sq mi
ZIP Area
3,615
Density / Sq Mi
$58,590
Median Household Income
$37,199
Median Earnings
$1,448
Median Rent
$298,400
Median Home Value
Market
Vacancy Rate% for Industrial in Sacramento, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Hidden Table — 1767 Tribute Rd D, Sacramento, CA 95815
- Texas West Caterina & Music — Sacramento, CA 95815
Frequently Asked Questions
What type of property is this?
Flex space - Multi-tenant industrial-flex building with space available in a professionally managed park fronting Tribute Road.
Where is this flex space located?
The property is located at 1803 Tribute Rd Sacramento, CA.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: 11,815 SF multi‑tenant industrial‑flex building built in 1975 on Tribute Road in Sacramento; Front of a professionally managed industrial park with 1805 and 1807 Tribute Road (3 buildings total); 57.7% leased: 6,820 SF to DoorDash under a triple‑net (NNN) lease
