Office Building with Separate
For Sale
$749,000
217 4th St Unit 1, Galt, CA 95632
Remodeled office property with six private suites, storefront entries, and supporting commercial outbuildings.
Property Size2,040 SF
Price / SF$367.16
Days on Market52
Property Features for 217 4th St Unit 1
General Information
Standard status
Active
Size
2,040 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Gross Income
$48,600
Office Units
6
Building Details
Year Built
1917
Buildings
3
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
Parker Realty
(209) 745-1568
Listed By:
Terry A. Parker · License #00995323
Source:
Thecentralvalleyhomesearch
Added: Jul 10
Changed: Aug 29
Last Checked: Aug 29 at 9:03AM
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 Parker Realty
Investment Insights
Based on property information with market context.
Built in 1917, the property includes a remodeled 2,040-square-foot main building with a reception area, six private office suites, two storefront entrances, and two restrooms, including one ADA-accessible restroom. Five offices are currently leased, while the seller uses the remaining office and accessory buildings. HVAC was updated within the past 5–7 years, and the main building received a new roof in 2025.
A separate 46' x 18' shop provides alley access, a 14' x 14' roll-up door, man door, restroom, and 220-volt electrical service. An additional storage building with a roll-up door is also included. The property is located at 217 4th St Unit 1 in Galt’s Old Town district, within walking distance of restaurants, bakeries, boutiques, parks, entertainment venues, and community events.
A separate 46' x 18' shop provides alley access, a 14' x 14' roll-up door, man door, restroom, and 220-volt electrical service. An additional storage building with a roll-up door is also included. The property is located at 217 4th St Unit 1 in Galt’s Old Town district, within walking distance of restaurants, bakeries, boutiques, parks, entertainment venues, and community events.
Key Highlights
- 2,040‑square‑foot main office building built in 1917
- Six private office suites; five are currently leased
- New roof installed in 2025; HVAC updated within the past 5–7 years
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
$31,904
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
4.26%
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%
$638,080
$638.1K
Cap Rate 7%
$455,771
$455.8K
Cap Rate 9%
$354,489
$354.5K
Market Conditions
NOI Build-Up for 2,040 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
$52.4K $25.68/SF
− Vacancy
−$9.8K −$4.83/SF
EGI
$42.5K $20.85/SF
− OpEx
−$10.6K −$5.21/SF
NOI
$31.9K $15.64/SF
Area
Sacramento County, CA
Vacancy
18.80%
Lease Rate
$25.68 /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%
$638,080
Cap Rate 7%
$455,771
Cap Rate 9%
$354,489
Alternative Uses
Best Use
Office B
$455.8K
$398.8K – $531.7K
NOI $31,904 @ 7.0% cap · market cap 4.26%
Second Best
Retail
$379.4K
$332.0K – $442.6K
NOI $26,557 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$543.5K
$475.5K – $634.1K
NOI $38,043 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
Explore this area
Business Placement
Demographics for 95632, CA
31,470
Population
10,521
Households
3
Avg Household Size
37
Median Age
22%
College-Educated
83%
High-School Grad
113.3 sq mi
ZIP Area
278
Density / Sq Mi
$90,933
Median Household Income
$40,428
Median Earnings
$1,490
Median Rent
$487,500
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 - Remodeled office property with six private suites, storefront entries, and supporting commercial outbuildings.
Where is this office building located?
The property is located at 217 4th St Unit 1 Galt, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 2,040‑square‑foot main office building built in 1917; Six private office suites; five are currently leased; New roof installed in 2025; HVAC updated within the past 5–7 years
