Medical and R&D Office
For Sale
Contact for pricing
1970 Lake Blvd, Davis, CA 95616
Versatile office building suited for medical office, physical therapy, or biotech R&D use near major arterial routes.
Property Size10,255 SF
Price / SF$216.97
Days on Market387
Property Features for 1970 Lake Blvd
General Information
Standard status
Active
Size
10,255 SF
Property subtype
OFFICE
Additional Details
Asking Price
$2,540,000
Listing Agency:
Century 21 - Mueller Commercial | Sacramento
(916) 704-9341
Listed By:
Daniel Mueller
Source:
Moodyscre
Added: Jul 10, 2025
Changed: Jul 29
Last Checked: Jul 30 at 12:55PM
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 Century 21 - Mueller Commercial | Sacramento
Investment Insights
Based on property information with market context.
The property is a commercial office building positioned to support a range of business uses, including medical office, physical therapy, and R&D office for a biotech company. The offering provides an opportunity for tenants and buyers to expand their business with flexible-use potential within the existing building.
Lake Boulevard is described as a minor traffic arterial north to Woodland, while southbound along Lake Boulevard it becomes a major arterial in the Stonegate Neighborhood and leads to the UCD Campus. The remarks also note high regional visibility for the subject property.
The building totals 10,255 square feet, offering a substantial footprint for office-oriented uses.
Lake Boulevard is described as a minor traffic arterial north to Woodland, while southbound along Lake Boulevard it becomes a major arterial in the Stonegate Neighborhood and leads to the UCD Campus. The remarks also note high regional visibility for the subject property.
The building totals 10,255 square feet, offering a substantial footprint for office-oriented uses.
Key Highlights
- Versatile office building with potential uses including medical office, physical therapy, and R&D office for a biotech company
- Located on Lake Boulevard near major arterial routes, including access north to Woodland and south toward UCD Campus
- Sale price $2,540,000
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 | $246.1k | $24.00 |
| − Vacancy | −$52.4k | −$5.11 |
| EGI | $193.7k | $18.89 |
| − OpEx | −$48.4k | −$4.72 |
| NOI | $145.3k | $14.17 |
10,255 SF · lease $24.00/SF/yr · vacancy 21.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.08M
$1.82M – $2.42M
NOI $145,272 @ 7.0% cap · market cap 6.53%
Second Best
Healthcare Medical
$1.98M
$1.74M – $2.32M
NOI $138,904 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$2.77M
$2.42M – $3.23M
NOI $193,696 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Under-served
Demand for This Use
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?
Medical Office Space - Versatile office building suited for medical office, physical therapy, or biotech R&D use near major arterial routes.
Where is this medical office space located?
The property is located at 1970 Lake Blvd Davis, CA.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: Versatile office building with potential uses including medical office, physical therapy, and R&D office for a biotech company; Located on Lake Boulevard near major arterial routes, including access north to Woodland and south toward UCD Campus; Sale price $2,540,000
