Flex-Industrial Building with
For Sale
Contact for pricing
2445 Albatross Way, Sacramento, CA 95815
Flex/industrial building with freeway visibility, abundant parking, and a large fenced, paved yard plus showroom space.
Property Size19,635 SF
Price / SF$127.32
Days on Market540
Property Features for 2445 Albatross Way
General Information
Standard status
Active
Size
19,635 SF
Property subtype
INDUSTRIAL
Lease Type
Modified Gross
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
freeway visibility
abundant parking
fenced and paved yard
metal shed
showroom
Listing Agency:
Colliers | Sacramento
(916) 929-5999
Listed By:
Nathan Miller · License #02097602
(916) 563-3011
Source:
Moodyscre
Added: Mar 24, 2025
Changed: Sep 3
Last Checked: Sep 13 at 11:35AM
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 Colliers | Sacramento
Investment Insights
Based on property information with market context.
Colliers is offering 2445 Albatross Way for sale or lease. The property is a 19,635 SF flex/industrial building that can serve an owner-user or an investor, with the option to lease a demised portion of 6,785 SF. The building includes showroom space and is supported by outdoor improvements.
Site features include freeway visibility, abundant parking, and approximately 12,000 SF of fenced and paved yard. There is also a 3,000 SF metal shed on the property, providing additional secured storage or work space for many industrial and flex uses.
For leasing, the building may be demised, allowing an operator to right-size occupancy while benefiting from the property’s yard, parking, and showroom configuration.
Site features include freeway visibility, abundant parking, and approximately 12,000 SF of fenced and paved yard. There is also a 3,000 SF metal shed on the property, providing additional secured storage or work space for many industrial and flex uses.
For leasing, the building may be demised, allowing an operator to right-size occupancy while benefiting from the property’s yard, parking, and showroom configuration.
Key Highlights
- 19,635 SF flex/industrial building available for sale or lease (owner/user or investor)
- Freeway visibility
- Abundant 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
$214,797
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
8.59%
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%
$4,295,940
$4.3M
Cap Rate 7%
$3,068,529
$3.1M
Cap Rate 9%
$2,386,633
$2.4M
Market Conditions
NOI Build-Up for 19,635 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
$353.4K $18.00/SF
− Vacancy
−$23.0K −$1.17/SF
EGI
$330.5K $16.83/SF
− OpEx
−$115.7K −$5.89/SF
NOI
$214.8K $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%
$4,295,940
Cap Rate 7%
$3,068,529
Cap Rate 9%
$2,386,633
Alternative Uses
Best Use
Flex RnD
$3.07M
$2.68M – $3.58M
NOI $214,797 @ 7.0% cap · market cap 8.59%
Second Best
Industrial
$2.13M
$1.86M – $2.48M
NOI $149,026 @ 7.0% cap · market cap 5.96%
Theoretical Best
Specialty Retail
$5.28M
$4.62M – $6.16M
NOI $369,334 @ 7.0% cap · market cap 14.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Sacramento, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex/industrial building with freeway visibility, abundant parking, and a large fenced, paved yard plus showroom space.
Where is this flex space located?
The property is located at 2445 Albatross Way Sacramento, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 19,635 SF flex/industrial building available for sale or lease (owner/user or investor); Freeway visibility; Abundant parking on site
