Single-Story Medical-Use Office
For Sale
Contact for pricing
1970 Lake Blvd, Davis, CA 95616
Single-story building with private offices, open areas, restrooms, break room, and storage on a visible corner lot.
Property Size10,255 SF
Price / SF$204.29
Days on Market59
Property Features for 1970 Lake Blvd
General Information
Standard status
Active
Size
10,255 SF
Property subtype
Retail, Office
Listing Agency:
JLL - Sacramento, California
(916) 448-5196
Listed By:
Bryan Huarte · License #CA 01362697
Source:
Crexi
Added: Jun 9
Changed: Jul 10
Last Checked: Aug 6 at 12:03PM
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 JLL - Sacramento, California
Investment Insights
Based on property information with market context.
This 10,255 SF single-story multi-purpose building includes 13 private offices alongside open office areas, restrooms, a break area, and storage. The layout supports a range of service-oriented uses where both private rooms and shared space are needed.
The property sits on a highly visible corner lot in Davis’ medical corridor. It is located near major healthcare providers including Sutter Health, Dignity Health, and UCD Health, and is within minutes of Highway 113, which connects to I-80 and I-5.
The building’s mix of private offices, open space, and practical support rooms makes it well-suited for uses such as medical-related operations, adult day programs, social services, training, general office, or retail, subject to applicable approvals. With the opportunity to acquire a full building, it can fit organizations looking for an adaptable, turnkey footprint in an established healthcare-oriented area.
The property sits on a highly visible corner lot in Davis’ medical corridor. It is located near major healthcare providers including Sutter Health, Dignity Health, and UCD Health, and is within minutes of Highway 113, which connects to I-80 and I-5.
The building’s mix of private offices, open space, and practical support rooms makes it well-suited for uses such as medical-related operations, adult day programs, social services, training, general office, or retail, subject to applicable approvals. With the opportunity to acquire a full building, it can fit organizations looking for an adaptable, turnkey footprint in an established healthcare-oriented area.
Key Highlights
- 10,255 SF single‑story multi‑purpose building designed for flexible uses in Davis' medical corridor
- Full building layout includes 13 private offices plus open spaces, restrooms, a break area, and storage
- Located on a highly visible corner lot near Sutter Health, Dignity Health, and UCD Health
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
$145,272
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
6.93%
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%
$2,905,440
$2.9M
Cap Rate 7%
$2,075,314
$2.1M
Cap Rate 9%
$1,614,133
$1.6M
Market Conditions
NOI Build-Up for 10,255 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
$246.1K $24.00/SF
− Vacancy
−$52.4K −$5.11/SF
EGI
$193.7K $18.89/SF
− OpEx
−$48.4K −$4.72/SF
NOI
$145.3K $14.17/SF
Area
Yolo County, CA
Vacancy
21.30%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,905,440
Cap Rate 7%
$2,075,314
Cap Rate 9%
$1,614,133
Alternative Uses
Best Use
Office B
$2.08M
$1.82M – $2.42M
NOI $145,272 @ 7.0% cap · market cap 6.93%
Second Best
Healthcare Medical
$1.98M
$1.74M – $2.32M
NOI $138,904 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$2.77M
$2.42M – $3.23M
NOI $193,696 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Explore this area
Business Placement
Demographics for 95616, CA
51,003
Population
19,944
Households
2.6
Avg Household Size
27
Median Age
75%
College-Educated
97%
High-School Grad
29.9 sq mi
ZIP Area
1,706
Density / Sq Mi
$74,758
Median Household Income
$25,109
Median Earnings
$1,911
Median Rent
$856,900
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 - Single-story building with private offices, open areas, restrooms, break room, and storage on a visible corner lot.
Where is this office building located?
The property is located at 1970 Lake Blvd Davis, CA.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: 10,255 SF single‑story multi‑purpose building designed for flexible uses in Davis' medical corridor; Full building layout includes 13 private offices plus open spaces, restrooms, a break area, and storage; Located on a highly visible corner lot near Sutter Health, Dignity Health, and UCD Health
