Concrete Tilt-Up Flex
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233 Technology Way, Rocklin, CA 95765
Industrial condominium includes a two-story office component within a concrete construction format.
Property Size7,100 SF
Price / SF$261.13
Days on Market5
Property Features for 233 Technology Way
General Information
Standard status
Active
Size
7,100 SF
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$106,553
Building Details
Year Built
2001
Stories
2
Tenancy
Single
Construction
tilt-up concrete
Listing Agency:
Newmark - Sacramento
(916) 569-2325
Listed By:
Sean Mahoney · License #CA 01332661
Source:
Crexi
Added: Aug 6
Changed: Aug 9
Last Checked: Aug 9 at 2:01PM
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 Newmark - Sacramento
Investment Insights
Based on property information with market context.
This flex property is a concrete tilt-up industrial condominium totaling approximately 7,100 SF. The building includes a two-story office area, creating a combination of industrial and office space within one commercial unit.
Constructed in 2001, the property is located at 233 Technology Way in Rocklin, California. Its condominium format and integrated office component distinguish the asset within the flex-space category.
Constructed in 2001, the property is located at 233 Technology Way in Rocklin, California. Its condominium format and integrated office component distinguish the asset within the flex-space category.
Key Highlights
- ±7,100 SF industrial condominium
- Concrete tilt‑up construction
- Two‑story office space
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
$162,286
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
8.75%
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%
$3,245,720
$3.2M
Cap Rate 7%
$2,318,371
$2.3M
Cap Rate 9%
$1,803,178
$1.8M
Market Conditions
NOI Build-Up for 7,100 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
$252.2K $35.52/SF
− Vacancy
−$35.8K −$5.04/SF
EGI
$216.4K $30.48/SF
− OpEx
−$54.1K −$7.62/SF
NOI
$162.3K $22.86/SF
Area
Placer County, CA
Vacancy
14.20%
Lease Rate
$35.52 /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%
$3,245,720
Cap Rate 7%
$2,318,371
Cap Rate 9%
$1,803,178
Alternative Uses
Best Use
Office B
$2.32M
$2.03M – $2.70M
NOI $162,286 @ 7.0% cap · market cap 8.75%
Second Best
Industrial
$1.25M
$1.09M – $1.46M
NOI $87,437 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$2.75M
$2.41M – $3.21M
NOI $192,403 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95765, CA
43,120
Population
15,147
Households
2.8
Avg Household Size
38
Median Age
52%
College-Educated
97%
High-School Grad
12.5 sq mi
ZIP Area
3,450
Density / Sq Mi
$130,691
Median Household Income
$68,196
Median Earnings
$2,270
Median Rent
$699,800
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?
Flex space - Industrial condominium includes a two-story office component within a concrete construction format.
Where is this flex space located?
The property is located at 233 Technology Way Rocklin, CA.
What is the asking price?
The asking price for this property is $1,854,000.
What are key features of this property?
This property features: ±7,100 SF industrial condominium; Concrete tilt‑up construction; Two‑story office space
