Two-Story Office
For Sale
$5,887,000
4657 W Capitol Ave, West Sacramento, CA 95691
Newly constructed commercial building with six configurable spaces, a central lobby, and an elevator shaft.
Property Size14,781 SF
Price / SF$398.28
Days on Market14
Property Features for 4657 W Capitol Ave
General Information
Standard status
Active
Size
14,781 SF
Additional Details
Office Units
6
Building Details
Year Built
2026
Stories
2
Tenancy
Multi
Listing Agency:
Remax Capital
Listed By:
Erik Winkler · License #00964405
(650) 219-8700
Source:
Myfabuloushome
Added: Aug 23
Changed: Sep 4
Last Checked: Sep 4 at 10:09AM
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 Remax Capital
Investment Insights
Based on property information with market context.
Completed in 2026, this two-level office building offers 14,781 square feet of property area and approximately 14,000 square feet of usable office or retail space. The interior is arranged as six separate spaces, supported by a main lobby, an elevator shaft, and shared common amenities. The layout can accommodate tenant improvements or direct owner occupancy, providing flexibility for different office-oriented configurations.
The property is located at 4657 W Capitol Ave in West Sacramento, California. Its existing division into multiple spaces allows users to evaluate the building as a consolidated office asset or as a multi-suite commercial property, subject to applicable approvals and final buildout requirements.
The property is located at 4657 W Capitol Ave in West Sacramento, California. Its existing division into multiple spaces allows users to evaluate the building as a consolidated office asset or as a multi-suite commercial property, subject to applicable approvals and final buildout requirements.
Key Highlights
- 14,781 square feet of property area
- Approximately 14,000 square feet of usable space across two floors
- Interior configured into six separate spaces
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
$210,303
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
3.57%
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%
$4,206,060
$4.2M
Cap Rate 7%
$3,004,329
$3.0M
Cap Rate 9%
$2,336,700
$2.3M
Market Conditions
NOI Build-Up for 14,781 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
$319.3K $21.60/SF
− Vacancy
−$18.8K −$1.27/SF
EGI
$300.4K $20.33/SF
− OpEx
−$90.1K −$6.10/SF
NOI
$210.3K $14.23/SF
Area
Yolo County, CA
Vacancy
5.90%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$4,206,060
Cap Rate 7%
$3,004,329
Cap Rate 9%
$2,336,700
Alternative Uses
Best Use
Retail
$3.00M
$2.63M – $3.51M
NOI $210,303 @ 7.0% cap · market cap 3.57%
Second Best
Office B
$2.99M
$2.62M – $3.49M
NOI $209,388 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$3.99M
$3.49M – $4.65M
NOI $279,184 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Explore this area
Business Placement
Demographics for 95691, CA
39,849
Population
14,826
Households
2.7
Avg Household Size
37
Median Age
37%
College-Educated
89%
High-School Grad
39.0 sq mi
ZIP Area
1,022
Density / Sq Mi
$100,822
Median Household Income
$53,351
Median Earnings
$1,543
Median Rent
$532,400
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 - Newly constructed commercial building with six configurable spaces, a central lobby, and an elevator shaft.
Where is this office building located?
The property is located at 4657 W Capitol Ave West Sacramento, CA.
What is the asking price?
The asking price for this property is $5,887,000.
What are key features of this property?
This property features: 14,781 square feet of property area; Approximately 14,000 square feet of usable space across two floors; Interior configured into six separate spaces
