155 15th St, West Sacramento, CA
Leased medical office building with long-term tenant.
- Added:
- Jun 6, 2025
- Days on Market:
- 372
- Last Refresh:
- May 20 at 8:27 pm
Property Features for 155 15th St
General Information
- Standard status
- Active
- Size
- 5,216 SF
- Lot size
- 0.40 Acres
- Property subtype
- OFFICE
Listing agent Tyler Boyd License #CA 0936093
Listing office Creative Spaces (212) 851-3171
Listing date Jun 6, 2025
Source Moodyscre
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 Creative Spaces
HighLights
- Long‑term tenant (Elica Health Centers) since 2001 provides stable income.
- 6.5 years remaining on a MG (modified gross) lease offers predictable cash flow.
- 2% annual rent increases ensure increasing returns.
- Well‑built brick construction with concrete tile roof suggests low maintenance costs.
- ±5,216 SF building on ±15,812 SF parcel provides ample space.
- Lease expiration in November 2031.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $125.2k | $24.00 |
| − Vacancy | −$26.7k | −$5.11 |
| EGI | $98.5k | $18.89 |
| − OpEx | −$24.6k | −$4.72 |
| NOI | $73.9k | $14.17 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Jefferson Park Veterinary Clinic — 910 Jefferson Blvd, West Sacramento, CA 95691
Location Insight
- Map
- Local Demand
- City
- West Sacramento
- County
- Yolo
- State
- California
- Longitude
- -121.526
- Latitude
- 38.5708
