Medical Office Building
For Sale
$1,500,000
3840 Watt Avenue, Sacramento, CA 95821
Net leased medical office building in Sacramento, CA for sale.
Property Size5,400 SF
Price / SF$277.78
Days on Market238
Property Features for 3840 Watt Avenue
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Office
Site & Location
Neighborhood
Del Paso Park
Building Details
Building Size
5,400 SF
Year Built
2005
Listing Agency:
RE/MAX Gold
Listed By:
Ranga Pathak · License #01364897
(916) 218-7499
Source:
Teamnavigate
Added: Feb 28
Changed: Oct 11
Last Checked: Oct 23 at 2:10PM
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 RE/MAX Gold
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located within the Lincoln Center East Business Park in Sacramento, CA, 3840 Watt Avenue, Building B is a 5,400 square foot medical office building. Constructed around 2005 and remodeled in 2016, the building is currently a net leased investment opportunity. The property is fully occupied by a credit-rated tenant. The layout includes a reception area, nine medical examination rooms, private offices, a front office area, physical therapy areas, a blood draw room with restroom, an employee break room, and multi-stall restrooms. The tenant pays the base rent, property taxes, and property insurance. The tenant is responsible for the inside of the property, while the landlord is responsible for the structure, OA dues, and HVAC replacement. The property features abundant parking and well-landscaped and maintained grounds. The tenant, Agile Occupational Medicine, would face significant operational challenges to relocate due to specialized build-outs, equipment relocation, and regulatory requirements. The property offers consistent income and security from a credit-worthy, recession-resistant tenant.
Key Highlights
- Net leased investment opportunity with a credit‑rated tenant occupying 100% of the building, providing consistent income and security.
- Tenant is responsible for base rent, property taxes, and property insurance, minimizing landlord responsibilities.
- Tenant would face significant operational challenges to relocate due to the specialized nature of the medical practice, ensuring long‑term tenancy.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,164
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,663,280
$1.7M
Cap Rate 7%
$1,188,057
$1.2M
Cap Rate 9%
$924,044
$924.0K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$149.0K $27.60/SF
− Vacancy
−$10.4K −$1.93/SF
EGI
$138.6K $25.67/SF
− OpEx
−$55.4K −$10.27/SF
NOI
$83.2K $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 Rate 5%
$1,663,280
Cap Rate 7%
$1,188,057
Cap Rate 9%
$924,044
Alternative Uses
Best Use
Healthcare Medical
$1.19M
$1.04M – $1.39M
NOI $83,164 @ 7.0% cap · market cap 5.54%
Second Best
Office B
$1.05M
$919.6K – $1.23M
NOI $73,571 @ 7.0% cap · market cap 4.90%
Theoretical Best
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,574 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Sacramento, CA
Similar Off Market Nearby
- Watt Avenue Pet Hospital — 3321 Watt Ave #109, Sacramento, CA 95821
- Sac Pet vet — 4336 Watt Ave, Sacramento, CA 95821
Frequently Asked Questions
What type of property is this?
Medical Office Space - Net leased medical office building in Sacramento, CA for sale.
Where is this medical office space located?
The property is located at 3840 Watt Avenue Sacramento, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Net leased investment opportunity with a credit‑rated tenant occupying 100% of the building, providing consistent income and security.; Tenant is responsible for base rent, property taxes, and property insurance, minimizing landlord responsibilities.; Tenant would face significant operational challenges to relocate due to the specialized nature of the medical practice, ensuring long‑term tenancy.
