Ground-Floor Office Condo
For Sale
$450,000
30-500 N St, Sacramento, CA 95814
Ground-floor professional suite with five private offices, secure entry, and large windows overlooking a pool and spa.
Property Size1,560 SF
Price / SF$288.46
Days on Market60
Property Features for 30-500 N St
General Information
Standard status
Active
Size
1,560 SF
Total Parking Spaces
2
Taxes and HOA fees
Annual Taxes
$4,000
Listing Agency:
Cornish & Carey Commercial
(408) 727-9600
Listed By:
Kelly Rivett · License #01249433
(916) 569-2385
Source:
Exprealty
Added: Jul 9
Changed: Aug 31
Last Checked: Sep 5 at 12:12PM
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 Cornish & Carey Commercial
Investment Insights
Based on property information with market context.
Unit 30 is a ground-floor office condo within Bridgeway Towers offering approximately 1,560 square feet of professional workspace. The suite includes five private offices, a secure entry area, and functional open work areas designed to support day-to-day operations. Large windows provide views toward the property’s landscaped pool and spa area.
Owners and occupants benefit from building amenities through full access, including a secured main lobby and on-site professional management. The building also features an executive conference room, fitness center, and an outdoor pool deck, along with two assigned parking deck spaces.
Positioned in downtown Sacramento, the property is described as being just blocks from the California State Capitol and Downtown Commons (DOCO), supporting both in-person client access and everyday convenience for staff.
Owners and occupants benefit from building amenities through full access, including a secured main lobby and on-site professional management. The building also features an executive conference room, fitness center, and an outdoor pool deck, along with two assigned parking deck spaces.
Positioned in downtown Sacramento, the property is described as being just blocks from the California State Capitol and Downtown Commons (DOCO), supporting both in-person client access and everyday convenience for staff.
Key Highlights
- Ground‑floor office condo at Bridgeway Towers, 500 N Street in Downtown Sacramento
- Unit 30 offers a ±1,560‑square‑foot professional suite with five private offices and secure entry area
- Large windows face the property’s landscaped pool and spa for natural light and a courtyard outlook
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
$21,254
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
4.72%
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%
$425,080
$425.1K
Cap Rate 7%
$303,629
$303.6K
Cap Rate 9%
$236,156
$236.2K
Market Conditions
NOI Build-Up for 1,560 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
$33.7K $21.60/SF
− Vacancy
−$5.4K −$3.43/SF
EGI
$28.3K $18.17/SF
− OpEx
−$7.1K −$4.54/SF
NOI
$21.3K $13.62/SF
Area
Sacramento, CA
Vacancy
15.90%
Lease Rate
$21.60 /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%
$425,080
Cap Rate 7%
$303,629
Cap Rate 9%
$236,156
Alternative Uses
Best Use
Office B
$303.6K
$265.7K – $354.2K
NOI $21,254 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$419.2K
$366.8K – $489.1K
NOI $29,344 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,211
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Ground-floor professional suite with five private offices, secure entry, and large windows overlooking a pool and spa.
Where is this office units located?
The property is located at 30-500 N St Sacramento, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Ground‑floor office condo at Bridgeway Towers, 500 N Street in Downtown Sacramento; Unit 30 offers a ±1,560‑square‑foot professional suite with five private offices and secure entry area; Large windows face the property’s landscaped pool and spa for natural light and a courtyard outlook
