Freestanding Flex
For Sale
Contact for pricing
3651 Business Dr, Sacramento, CA 95820
Office and warehouse functions support occupancy by two users in one commercial facility.
Property Size11,708 SF
Price / SF$221.64
Days on Market615
Property Features for 3651 Business Dr
General Information
Standard status
Active
Size
11,708 SF
Property subtype
FLEX_R_AND_D
Listing Agency:
Kidder Mathews | Sacramento
(916) 504-2564
Listed By:
Peter Winterling · License #00992375
Source:
Moodyscre
Added: Dec 24, 2024
Changed: Aug 29
Last Checked: Aug 30 at 10:56PM
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 Kidder Mathews | Sacramento
Investment Insights
Based on property information with market context.
This freestanding flex property contains 11,708 square feet configured for combined office and warehouse use. The building can accommodate two users, offering a practical setup for businesses that need administrative space alongside operational or storage functions.
The property is located at 3651 Business Dr in Sacramento, California, with a 95820 ZIP code. Its freestanding format and blended office-warehouse configuration provide a straightforward commercial layout for multiple occupants or business functions.
The property is located at 3651 Business Dr in Sacramento, California, with a 95820 ZIP code. Its freestanding format and blended office-warehouse configuration provide a straightforward commercial layout for multiple occupants or business functions.
Key Highlights
- 11,708‑square‑foot freestanding flex building
- Office and warehouse functions within one facility
- Configuration can accommodate 2 users
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
$159,512
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
6.15%
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%
$3,190,240
$3.2M
Cap Rate 7%
$2,278,743
$2.3M
Cap Rate 9%
$1,772,356
$1.8M
Market Conditions
NOI Build-Up for 11,708 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
$252.9K $21.60/SF
− Vacancy
−$40.2K −$3.43/SF
EGI
$212.7K $18.17/SF
− OpEx
−$53.2K −$4.54/SF
NOI
$159.5K $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%
$3,190,240
Cap Rate 7%
$2,278,743
Cap Rate 9%
$1,772,356
Alternative Uses
Best Use
Office B
$2.28M
$1.99M – $2.66M
NOI $159,512 @ 7.0% cap · market cap 6.15%
Second Best
Flex RnD
$1.83M
$1.60M – $2.13M
NOI $128,080 @ 7.0% cap · market cap 4.94%
Theoretical Best
Specialty Retail
$3.15M
$2.75M – $3.67M
NOI $220,227 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
865
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95820, CA
36,848
Population
14,254
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
81%
High-School Grad
5.3 sq mi
ZIP Area
6,952
Density / Sq Mi
$69,905
Median Household Income
$42,244
Median Earnings
$1,646
Median Rent
$394,300
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?
Flex space - Office and warehouse functions support occupancy by two users in one commercial facility.
Where is this flex space located?
The property is located at 3651 Business Dr Sacramento, CA.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: 11,708‑square‑foot freestanding flex building; Office and warehouse functions within one facility; Configuration can accommodate 2 users
