Multi-Tenant Office Building with
2398 FAIR OAKS BLVD Sacramento, CA 95825
2398 FAIR OAKS BLVD, Sacramento, CA, 95825
Contact for pricing
For Sale
Contact for pricing
Multi-tenant office building offering multiple suites with on-site parking and existing professional, medical, and salon-related occupancy.
Property Size7,874 SF
Price / SF$317.50
Days on Market56
Property Features for 2398 FAIR OAKS BLVD
General Information
- Standard status
- Active
- Size
- 7,874 SF
- Property subtype
- Office, Mixed Use
Building Details
- Year Built
- 1965
Listing agency
HomeSmart ICARE Realty
Listed by
Courtney O Edwards · License #01849710
Source
Crexi
Added: May 27 Updated: Jul 21 at 4:24AM Checked: Jul 21 at 4:24AM
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 HomeSmart ICARE Realty
Investment Insights
Based on property information with market context.
Located along the Fair Oaks Boulevard corridor in Sacramento, this multi-tenant office building provides approximately 7,874 SF across multiple suites. The current tenant mix includes dental office occupancy, professional service tenants, and salon-related use, with additional vacant suites available.
The property’s layout supports flexible suite configurations that can accommodate a range of professional office and health-related operations, including medical and dental, legal, accounting, insurance, real estate, wellness, counseling, and other similar uses. Visible street presence and on-site parking serve day-to-day tenant and visitor needs.
With multiple users in place and additional space available, the building presents a practical option for investors seeking income in place or an owner-user looking for on-site suite flexibility within an established office corridor.
The property’s layout supports flexible suite configurations that can accommodate a range of professional office and health-related operations, including medical and dental, legal, accounting, insurance, real estate, wellness, counseling, and other similar uses. Visible street presence and on-site parking serve day-to-day tenant and visitor needs.
With multiple users in place and additional space available, the building presents a practical option for investors seeking income in place or an owner-user looking for on-site suite flexibility within an established office corridor.
Key Highlights
- Multi‑tenant office building built in 1965 with approximately 7,874 SF across multiple suites
- Current rent roll includes dental office occupancy, professional service tenants, and salon‑related use
- Tenant mix includes professional office, medical/dental, service, and salon‑related tenancy for diversified income
Local Financial Insights For Healthcare Medical
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 | $217.3k | $27.60 |
| − Vacancy | −$15.2k | −$1.93 |
| EGI | $202.1k | $25.67 |
| − OpEx | −$80.8k | −$10.27 |
| NOI | $121.3k | $15.40 |
7,874 SF · lease $27.60/SF/yr · vacancy 7.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.73M
$1.52M – $2.02M
NOI $121,266 @ 7.0% cap · market cap 4.85%
Second Best
Office B
$1.53M
$1.34M – $1.79M
NOI $107,277 @ 7.0% cap · market cap 4.29%
Theoretical Best
Specialty Retail
$2.12M
$1.85M – $2.47M
NOI $148,110 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
1 844 Exit ...
Real Estate Agency
Housing Group Fund
Real Estate Agency
K-Esthetique
Hair Salon
Remote Team Members
Bpo Company
Kollage Salon & Boutique
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Multi-tenant office building offering multiple suites with on-site parking and existing professional, medical, and salon-related occupancy.
Where is this office building located?
The property is located at 2398 FAIR OAKS BLVD Sacramento, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Multi‑tenant office building built in 1965 with approximately 7,874 SF across multiple suites; Current rent roll includes dental office occupancy, professional service tenants, and salon‑related use; Tenant mix includes professional office, medical/dental, service, and salon‑related tenancy for diversified income
