Two-Story Medical Office
For Sale
Contact for pricing
3810 J St, Sacramento, CA 95816
Two-story medical and office building with elevator service and an office/clinical first floor plus open second floor.
Property Size17,000 SF
Price / SF$250
Days on Market556
Property Features for 3810 J St
General Information
Standard status
Active
Size
17,000 SF
Elevators
Yes
Property subtype
OFFICE
Building Details
Buildings
1
Stories
2
Building Size
17,000 SF
Listing Agency:
Colliers | Sacramento
(916) 929-5999
Listed By:
Eric Ortiz · License #01821549
(916) 717-6606
Source:
Moodyscre
Added: Mar 7, 2025
Changed: Sep 12
Last Checked: Sep 14 at 9:20AM
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.
3810 J Street is a two-story office building offered for sale in East Sacramento. The property is elevator-equipped and features a first-floor office/clinical layout designed for efficient use, while the second floor provides an open office design. A monument sign is located along J Street.
The building is situated near the intersection of 39th Street and J Street and is adjacent to Mercy General Hospital. Public remarks state that traffic passing the monument sign averages 16,000 cars daily.
Previously occupied by Dignity Health, the property has an office/medical configuration suitable for office or medical users, supported by its proximity to on-site emergency and specialty services at Mercy General Hospital.
The building is situated near the intersection of 39th Street and J Street and is adjacent to Mercy General Hospital. Public remarks state that traffic passing the monument sign averages 16,000 cars daily.
Previously occupied by Dignity Health, the property has an office/medical configuration suitable for office or medical users, supported by its proximity to on-site emergency and specialty services at Mercy General Hospital.
Key Highlights
- Two‑story building totaling 17,000 SF in East Sacramento, located near 39th St and J St
- Positioned adjacent to Mercy General Hospital for convenient access to major medical services
- First floor offers an office/clinical layout; second floor features an open office design
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
$261,814
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
6.16%
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%
$5,236,280
$5.2M
Cap Rate 7%
$3,740,200
$3.7M
Cap Rate 9%
$2,909,044
$2.9M
Market Conditions
NOI Build-Up for 17,000 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
$469.2K $27.60/SF
− Vacancy
−$32.8K −$1.93/SF
EGI
$436.4K $25.67/SF
− OpEx
−$174.5K −$10.27/SF
NOI
$261.8K $15.40/SF
Area
Sacramento, CA
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
40.00%
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%
$5,236,280
Cap Rate 7%
$3,740,200
Cap Rate 9%
$2,909,044
Alternative Uses
Best Use
Healthcare Medical
$3.74M
$3.27M – $4.36M
NOI $261,814 @ 7.0% cap · market cap 6.16%
Second Best
Office B
$3.31M
$2.90M – $3.86M
NOI $231,611 @ 7.0% cap · market cap 5.45%
Theoretical Best
Specialty Retail
$4.57M
$4.00M – $5.33M
NOI $319,770 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,600
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95816, CA
18,606
Population
11,553
Households
1.6
Avg Household Size
36
Median Age
65%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
6,891
Density / Sq Mi
$90,521
Median Household Income
$61,407
Median Earnings
$1,647
Median Rent
$789,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Sacramento, CA
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-story medical and office building with elevator service and an office/clinical first floor plus open second floor.
Where is this medical office space located?
The property is located at 3810 J St Sacramento, CA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Two‑story building totaling 17,000 SF in East Sacramento, located near 39th St and J St; Positioned adjacent to Mercy General Hospital for convenient access to major medical services; First floor offers an office/clinical layout; second floor features an open office design
