Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    West Sacramento Medical Office Building Title is generated by Realmo AI

    155 15th St, West Sacramento, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Leased medical office building with long-term tenant.

    Type:OFFICE
    Property size:
    5,216 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $272/SF
    Added:
    Jun 6, 2025
    Days on Market:
    348
    Last Refresh:
    Apr 5 at 10:54 pm

    Property Features for 155 15th St

    General Information

    Standard status
    Active
    Size
    5,216 SF
    Lot size
    0.40 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Tyler Boyd

    Listing agent Tyler Boyd

    Listing office Creative Spaces

    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

    The property features a 5,216 square foot building situated on a 15,812 square foot parcel. The building is currently leased by Elica Health Centers, who have been tenants at this location since 2001. The lease has 6.5 years remaining with an expiration date of November 2031. The lease includes 2% annual rent increases. The building is of brick construction and has a concrete tile roof.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Elica Health Center Medical Clinic Parkside Property Real Estate Agency Kane Realty Real Estate Agency Rebecca C. Owen, ... Physician Dr. Marilynn H. ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    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

    Nearby Similar for Sale

    • $895,000
      2,150 SF

      Rockrose Road

      Modern dual-unit, fully renovated, high-yield short-term rental property.
      1701 Rockrose Rd, West Sacramento, CA 95691
      View Details
    • $1,200,000
      4,960 SF

      WEST CAPITOL CONVIENCE CENTER For Sale

      Two buildings on adjoining parcels plus a third adjoining parcel.
      1640 / 1648 W Capitol Ave, West Sacramento, CA 95861
      View Details
    • $8,500,000

      West Sacramento Duplex Portfolio

      38-unit duplex portfolio in West Sacramento with value-add potential.
      1706 Madrone Ave, West Sacramento, CA 95691
      View Details
    • Contact for pricing
      5,130 SF

      West Sacramento Multifamily Investment Opportunity

      Seven-unit multifamily property in West Sacramento, near Interstate 80.
      513-521 North Harbor Boulevard, West Sacramento, CA 95605
      View Details
    • Contact for pricing
      1,300 SF

      West Sacramento Flex Space Opportunity

      Flex space with office and shop space, tenant occupied.
      601 Harbor Boulevard, West Sacramento, CA, 95691
      View Details
    • $6,428,622
      22,198 SF

      Fully Leased Retail Complex

      High-visibility retail complex in West Sacramento, fully leased.
      805-831 Harbor Blvd, West Sacramento, CA 95691
      View Details
    • $3,700,000
      3,600 SF

      New Car Wash Ground Lease

      New Quick Quack Car Wash absolute net ground lease.
      752 Ikea Ct, West Sacramento, CA 95605
      View Details
    • Contact for pricing
      6,789 SF

      West Sacramento Warehouse with Yard

      6,798 SF warehouse on 0.52 acres with large yard.
      918 Soule St, West Sacramento, CA
      View Details
    • $1,620,000

      Renovated Multifamily Property in West Sacramento

      Six-unit multifamily property in West Sacramento, fully renovated in 2019.
      510 Maple St, West Sacramento, CA 95691
      View Details
    • $1,200,000

      West Sacramento Motel Investment Opportunity

      Motel in prime location with steady income and development potential.
      1501 W Capitol Ave, West Sacramento, CA 95691
      View Details
    • Contact for pricing
      16,800 SF

      West Sacramento Office Building For Sale

      16,007 SF office building in West Sacramento, California.
      1450 Halyard Dr, West Sacramento, CA 95691
      View Details
    • $599,999
      1,943 SF

      Freestanding Commercial Building in Opportunity Zone

      Freestanding commercial building in a high-traffic area, ideal for various uses.
      739 Sacramento Ave, West Sacramento, CA 95605
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Leased medical office building with long-term tenant.
    Where is this medical office space located?
    The property is located at 155 15th St West Sacramento, CA.
    What is the asking price?
    The asking price for this property is $1,420,000.
    What are key features of this property?
    This property features: 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.
    (212) 851-3171 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tyler Boyd
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    155 15th St, West Sacramento, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!