Warehouse
New
For Sale
$1,855,000
2205 Rice, West Sacramento, CA 95691
Existing warehouse building dating to 1963 with car-dependent access and some transit availability.
Property Size8,000 SF
Days on Market2
Property Features for 2205 Rice
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Industrial
Building Details
Building Size
8,000 SF
Year Built
1963
Listing Agency:
KW Commercial Long Beach Pacific Estates
Listed By:
Lauren Coombs · License #01460830
(562) 212-2879
Source:
Elliman
Added: Sep 7
Last Checked: Sep 7 at 3:15PM
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 KW Commercial Long Beach Pacific Estates
Investment Insights
Based on property information with market context.
This warehouse property at 2205 Rice in West Sacramento, California, was built in 1963. The available property information identifies the asset as a warehouse without additional details on building size, layout, loading, parking, or utilities.
The site has a Walk Score of 23, classified as Car-Dependent, a Bike Score of 58, classified as Bikeable, and a Transit Score of 26, classified as Some Transit. The property is located in ZIP code 95691.
The site has a Walk Score of 23, classified as Car-Dependent, a Bike Score of 58, classified as Bikeable, and a Transit Score of 26, classified as Some Transit. The property is located in ZIP code 95691.
Key Highlights
- Warehouse property built in 1963
- Located at 2205 Rice, West Sacramento, CA 95691
- Walk Score of 23; classified as Car‑Dependent
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
$65,254
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
3.52%
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%
$1,305,080
$1.3M
Cap Rate 7%
$932,200
$932.2K
Cap Rate 9%
$725,044
$725.0K
Market Conditions
NOI Build-Up for 8,000 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
$80.6K $10.08/SF
− Vacancy
−$3.9K −$0.48/SF
EGI
$76.8K $9.60/SF
− OpEx
−$11.5K −$1.44/SF
NOI
$65.3K $8.16/SF
Area
Yolo County, CA
Vacancy
4.80%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
15.00%
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%
$1,305,080
Cap Rate 7%
$932,200
Cap Rate 9%
$725,044
Alternative Uses
Best Use
Warehouse
$932.2K
$815.7K – $1.09M
NOI $65,254 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,104 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 95691, CA
39,849
Population
14,826
Households
2.7
Avg Household Size
37
Median Age
37%
College-Educated
89%
High-School Grad
39.0 sq mi
ZIP Area
1,022
Density / Sq Mi
$100,822
Median Household Income
$53,351
Median Earnings
$1,543
Median Rent
$532,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- National Self Storage — 2600 Evergreen Ave, West Sacramento, CA 95691
- Dan's Mission Towing — 716 Houston St, West Sacramento, CA 95691
- CubeSmart Self Storage — 541 Harbor Blvd, West Sacramento, CA 95691
- Derrick Marine Services — 370 Maple St, West Sacramento, CA 95691
- 888-Storage — 975 F St, West Sacramento, CA 95605
Frequently Asked Questions
What type of property is this?
Warehouse - Existing warehouse building dating to 1963 with car-dependent access and some transit availability.
Where is this warehouse located?
The property is located at 2205 Rice West Sacramento, CA.
What is the asking price?
The asking price for this property is $1,855,000.
What are key features of this property?
This property features: Warehouse property built in 1963; Located at 2205 Rice, West Sacramento, CA 95691; Walk Score of 23; classified as Car‑Dependent
