Historic Office Building with Indoor/Outdoor
For Sale
Contact for pricing
915 11 St, Sacramento, CA 95814
Historic office building featuring indoor/outdoor space and plenty of parking, with owner to vacate upon sale.
Property Size3,901 SF
Price / SF$230.71
Days on Market857
Property Features for 915 11 St
General Information
Standard status
Active
Size
3,901 SF
Property subtype
OFFICE
Listing Agency:
CBRE | Sacramento
(916) 446-8290
Listed By:
Tony Whittaker · License #01780828
(916) 492-6914
Source:
Moodyscre
Added: Apr 29, 2024
Changed: Aug 10
Last Checked: Sep 2 at 12:52AM
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.
This historic office building offers an indoor/outdoor setup and is positioned as a right-sized option for an owner-occupant or tenant seeking a manageable footprint. The property is approximately 3,901 square feet and includes flexibility derived from its indoor/outdoor design. The owner will vacate upon sale of the property.
Located in downtown Sacramento at 915 11 St, the building is supported by plenty of parking, which can be a practical advantage for day-to-day visitor and staff access. The current offering is structured as a for-sale opportunity.
Located in downtown Sacramento at 915 11 St, the building is supported by plenty of parking, which can be a practical advantage for day-to-day visitor and staff access. The current offering is structured as a for-sale opportunity.
Key Highlights
- Historic office building in downtown Sacramento
- Indoor/outdoor space
- Plenty of parking on site
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
$53,148
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
5.91%
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%
$1,062,960
$1.1M
Cap Rate 7%
$759,257
$759.3K
Cap Rate 9%
$590,533
$590.5K
Market Conditions
NOI Build-Up for 3,901 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
$84.3K $21.60/SF
− Vacancy
−$13.4K −$3.43/SF
EGI
$70.9K $18.17/SF
− OpEx
−$17.7K −$4.54/SF
NOI
$53.1K $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%
$1,062,960
Cap Rate 7%
$759,257
Cap Rate 9%
$590,533
Alternative Uses
Best Use
Office B
$759.3K
$664.4K – $885.8K
NOI $53,148 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.05M
$917.2K – $1.22M
NOI $73,378 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,335
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 building - Historic office building featuring indoor/outdoor space and plenty of parking, with owner to vacate upon sale.
Where is this office building located?
The property is located at 915 11 St Sacramento, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Historic office building in downtown Sacramento; Indoor/outdoor space; Plenty of parking on site
