Multi-Tenant Office
For Sale
$4,050,000
208-5025 J Street, Sacramento, CA 95819
Three-story property with medical infrastructure and flexible mixed-use zoning.
Property Size17,297 SF
Price / SF$234.14
Days on Market9
Property Features for 208-5025 J Street
General Information
Standard status
Active
Size
17,297 SF
Building Details
Buildings
1
Stories
3
Building Size
17,297 SF
Tenancy
Multi
Listing Agency:
CBRE Inc.
4466800
Listed By:
Patrick D. Stelmach
8179148
Source:
Exprealty
Added: Sep 14
Changed: Sep 22
Last Checked: Sep 21 at 1:47PM
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 CBRE Inc.
Investment Insights
Based on property information with market context.
The East Jay Building is a 17,297-square-foot, three-story office property at 208-5025 J Street in Sacramento. Its layout includes individual office suites serving medical and professional users, with private restrooms and dedicated hand-washing sinks in purpose-built medical areas. Several suites have updated finishes, while a vacant ground-floor conference center offers additional configurable space with an expansive window line. Tuck-under parking is also part of the existing building configuration.
Flexible mixed-use zoning supports potential multifamily, retail, or hospitality redevelopment. The property is positioned between 50th and 51st Streets in East Sacramento, with proximity to UC Davis Medical Center, Aggie Square, Mercy General Hospital, CSU Sacramento, parks, schools, and retail and dining districts. Its location also provides access to daily amenities and nearby healthcare and university institutions.
Flexible mixed-use zoning supports potential multifamily, retail, or hospitality redevelopment. The property is positioned between 50th and 51st Streets in East Sacramento, with proximity to UC Davis Medical Center, Aggie Square, Mercy General Hospital, CSU Sacramento, parks, schools, and retail and dining districts. Its location also provides access to daily amenities and nearby healthcare and university institutions.
Key Highlights
- 17,297‑square‑foot, three‑story office building
- Multi‑tenant layout with individual medical and professional office suites
- Purpose‑built medical features include private restrooms and hand‑washing sinks
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
$266,388
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
6.58%
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%
$5,327,760
$5.3M
Cap Rate 7%
$3,805,543
$3.8M
Cap Rate 9%
$2,959,867
$3.0M
Market Conditions
NOI Build-Up for 17,297 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
$477.4K $27.60/SF
− Vacancy
−$33.4K −$1.93/SF
EGI
$444.0K $25.67/SF
− OpEx
−$177.6K −$10.27/SF
NOI
$266.4K $15.40/SF
Area
Sacramento, CA
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
40.00%
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%
$5,327,760
Cap Rate 7%
$3,805,543
Cap Rate 9%
$2,959,867
Alternative Uses
Best Use
Healthcare Medical
$3.81M
$3.33M – $4.44M
NOI $266,388 @ 7.0% cap · market cap 6.58%
Second Best
Office B
$3.37M
$2.95M – $3.93M
NOI $235,658 @ 7.0% cap · market cap 5.82%
Theoretical Best
Specialty Retail
$4.65M
$4.07M – $5.42M
NOI $325,357 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 95819, CA
20,812
Population
8,936
Households
2.3
Avg Household Size
36
Median Age
68%
College-Educated
97%
High-School Grad
3.6 sq mi
ZIP Area
5,781
Density / Sq Mi
$127,500
Median Household Income
$69,922
Median Earnings
$2,007
Median Rent
$716,000
Median Home Value
Market
Vacancy Rate% for Office in Sacramento, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three-story property with medical infrastructure and flexible mixed-use zoning.
Where is this office building located?
The property is located at 208-5025 J Street Sacramento, CA.
What is the asking price?
The asking price for this property is $4,050,000.
What are key features of this property?
This property features: 17,297‑square‑foot, three‑story office building; Multi‑tenant layout with individual medical and professional office suites; Purpose‑built medical features include private restrooms and hand‑washing sinks
