First-Floor Office
For Sale
$210,000
500 N Street, Sacramento, CA 95814
Small first-floor office suite includes a reception area, private office, and conference room with one garage parking spot.
Property Size439 SF
Price / SF$478.36
Days on Market387
Property Features for 500 N Street
General Information
Standard status
Active
Size
439 SF
Property subtype
Office
Amenities
Central Air
R-5-SPDR-5-SPDR-5-SPD
1 Parking Spaces. Private.
Building Details
Year Built
1981
Listing Agency:
RE/MAX Gold
2019247
Listed By:
Ranga Pathak · License #01364897
2019247
Source:
Xome
Added: Aug 11, 2025
Changed: Aug 12
Last Checked: Sep 1 at 5:38PM
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
Investment Insights
Based on property information with market context.
This small office suite is located on the first floor of a 15-story residential building and offers street access. The space includes a reception area, one private office, and a conference room, providing a functional layout for client-facing work and internal meetings. One parking spot in the building garage comes with the unit.
The suite is described as being in the heart of downtown Sacramento, within minutes of the Capitol building and nearby entertainment and dining options including DOCO and Golden One.
Offered for sale, this is a compact office configuration centered on a reception, a private room, and a dedicated conference space.
The suite is described as being in the heart of downtown Sacramento, within minutes of the Capitol building and nearby entertainment and dining options including DOCO and Golden One.
Offered for sale, this is a compact office configuration centered on a reception, a private room, and a dedicated conference space.
Key Highlights
- First‑floor office suite in a 15‑story residential building in downtown Sacramento
- Includes a reception area, one private office, and a conference room
- Central air conditioning
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
$5,981
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
2.85%
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%
$119,620
$119.6K
Cap Rate 7%
$85,443
$85.4K
Cap Rate 9%
$66,456
$66.5K
Market Conditions
NOI Build-Up for 439 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
$9.5K $21.60/SF
− Vacancy
−$1.5K −$3.43/SF
EGI
$8.0K $18.17/SF
− OpEx
−$2.0K −$4.54/SF
NOI
$6.0K $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%
$119,620
Cap Rate 7%
$85,443
Cap Rate 9%
$66,456
Alternative Uses
Best Use
Office B
$85.4K
$74.8K – $99.7K
NOI $5,981 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$118.0K
$103.2K – $137.6K
NOI $8,258 @ 7.0% cap · market cap 3.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,639
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 - Small first-floor office suite includes a reception area, private office, and conference room with one garage parking spot.
Where is this office units located?
The property is located at 500 N Street Sacramento, CA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: First‑floor office suite in a 15‑story residential building in downtown Sacramento; Includes a reception area, one private office, and a conference room; Central air conditioning
