Office Building with Gated
New
For Sale
$1,212,750
3451 Longview Dr, Sacramento, CA 95821
MP zoning and roughly 33 parking spaces accommodate a range of office configurations.
Property Size8,105 SF
Price / SF$149.63
Days on Market2
Property Features for 3451 Longview Dr
General Information
Standard status
Active
Size
8,105 SF
Class
B
Total Parking Spaces
33
Property subtype
office
Zoning
MP
Amenities
automated gate access
perimeter security
Listing Agency:
Sacramento
(949) 885-2900
Listed By:
Mike Luca · License #01447904
(916) 214-0466
Source:
Property.jll
Added: Sep 30
Last Checked: Sep 30 at 3:55PM
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 Sacramento
Investment Insights
Based on property information with market context.
This office property has an adaptable interior plan with upgraded finishes. MP zoning supports office and medical-practice uses. A fully fenced perimeter and automatic rolling gate provide controlled site access, and the property includes approximately 33 parking spaces.
Located at 3451 Longview Dr in Sacramento, the property combines gated access with on-site parking.
Located at 3451 Longview Dr in Sacramento, the property combines gated access with on-site parking.
Key Highlights
- MP zoning allows office and medical‑practice uses
- Approximately 33 parking spaces
- Fully fenced perimeter with automatic rolling gate
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
$110,424
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
9.11%
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%
$2,208,480
$2.2M
Cap Rate 7%
$1,577,486
$1.6M
Cap Rate 9%
$1,226,933
$1.2M
Market Conditions
NOI Build-Up for 8,105 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
$175.1K $21.60/SF
− Vacancy
−$27.8K −$3.43/SF
EGI
$147.2K $18.17/SF
− OpEx
−$36.8K −$4.54/SF
NOI
$110.4K $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%
$2,208,480
Cap Rate 7%
$1,577,486
Cap Rate 9%
$1,226,933
Alternative Uses
Best Use
Office B
$1.58M
$1.38M – $1.84M
NOI $110,424 @ 7.0% cap · market cap 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.18M
$1.91M – $2.54M
NOI $152,455 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
Explore this area
Business Placement
Demographics for 95821, CA
39,310
Population
16,403
Households
2.4
Avg Household Size
37
Median Age
28%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
5,537
Density / Sq Mi
$58,331
Median Household Income
$41,630
Median Earnings
$1,342
Median Rent
$470,900
Median Home Value
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Market
Vacancy Rate% for Office in Sacramento, CA
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Frequently Asked Questions
What type of property is this?
Office building - MP zoning and roughly 33 parking spaces accommodate a range of office configurations.
Where is this office building located?
The property is located at 3451 Longview Dr Sacramento, CA.
What is the asking price?
The asking price for this property is $1,212,750.
What are key features of this property?
This property features: MP zoning allows office and medical‑practice uses; Approximately 33 parking spaces; Fully fenced perimeter with automatic rolling gate
