Medical Office Condominium
For Sale
$695,000
250-3941 J St, Sacramento, CA 95814
Medical office condo with patient waiting, exam rooms, reception, private offices, and a private bath at Mercy Medical Plaza.
Property Size2,311 SF
Price / SF$300.74
Days on Market67
Property Features for 250-3941 J St
General Information
Standard status
Active
Size
2,311 SF
Amenities
spacious lobby
onsite cafe
pharmacy
security
gated parking
Listing Agency:
Windermere Signature Properties Sierra Oaks
4813840
Listed By:
Felicia T. Bhe
6126688
Source:
Exprealty
Added: Jul 1
Changed: Aug 20
Last Checked: Sep 5 at 1:50PM
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 Windermere Signature Properties Sierra Oaks
Investment Insights
Based on property information with market context.
This medical office condominium suite totals 2,311 square feet and is designed for patient service and day-to-day operations. The interior includes a patient waiting area, reception, exam rooms, a staff lounge, private bath, and private offices, along with a common building lobby.
Located at 250–3941 J St in Sacramento within Mercy Medical Plaza, the property sits next door to Mercy General Hospital. The medical building, common areas, parking lot, and facilities are maintained by Dignity Health, and the campus features onsite amenities including an onsite cafe, pharmacy, security, and gated parking.
HOA covers utilities, security, and 1 parking space per owner, plus maintenance of common areas. Dignity Health has the First Right of Refusal to a bona fide offer.
Located at 250–3941 J St in Sacramento within Mercy Medical Plaza, the property sits next door to Mercy General Hospital. The medical building, common areas, parking lot, and facilities are maintained by Dignity Health, and the campus features onsite amenities including an onsite cafe, pharmacy, security, and gated parking.
HOA covers utilities, security, and 1 parking space per owner, plus maintenance of common areas. Dignity Health has the First Right of Refusal to a bona fide offer.
Key Highlights
- Premier medical office condo at Mercy Medical Plaza in East Sac, next door to Mercy General Hospital
- 2,311 SF layout with patient waiting area, reception, exam rooms, and private offices
- Includes staff lounge, private bath, and additional office space within the condo
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
$35,591
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
5.12%
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%
$711,820
$711.8K
Cap Rate 7%
$508,443
$508.4K
Cap Rate 9%
$395,456
$395.5K
Market Conditions
NOI Build-Up for 2,311 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
$63.8K $27.60/SF
− Vacancy
−$4.5K −$1.93/SF
EGI
$59.3K $25.67/SF
− OpEx
−$23.7K −$10.27/SF
NOI
$35.6K $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%
$711,820
Cap Rate 7%
$508,443
Cap Rate 9%
$395,456
Alternative Uses
Best Use
Healthcare Medical
$508.4K
$444.9K – $593.2K
NOI $35,591 @ 7.0% cap · market cap 5.12%
Second Best
Office B
$449.8K
$393.6K – $524.8K
NOI $31,486 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$621.0K
$543.4K – $724.5K
NOI $43,470 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,044
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 95814, CA
12,208
Population
7,972
Households
1.5
Avg Household Size
38
Median Age
40%
College-Educated
90%
High-School Grad
1.4 sq mi
ZIP Area
8,720
Density / Sq Mi
$46,637
Median Household Income
$57,500
Median Earnings
$1,226
Median Rent
$621,400
Median Home Value
Market
Vacancy Rate% for Office in Sacramento, CA
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office condo with patient waiting, exam rooms, reception, private offices, and a private bath at Mercy Medical Plaza.
Where is this medical office space located?
The property is located at 250-3941 J St Sacramento, CA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Premier medical office condo at Mercy Medical Plaza in East Sac, next door to Mercy General Hospital; 2,311 SF layout with patient waiting area, reception, exam rooms, and private offices; Includes staff lounge, private bath, and additional office space within the condo
