Ground-Floor Office
For Sale
$450,000
500 N St Unit 30, Sacramento, CA 95814
Professional suite with private offices, controlled entry, building amenities, and assigned parking in a managed downtown setting.
Property Size1,560 SF
Price / SF$288.46
Days on Market36
Property Features for 500 N St Unit 30
General Information
Standard status
Active
Size
1,560 SF
Total Parking Spaces
2
Additional Details
Floor
Ground Floor
Asking Price
$450,000
Amenities
secured main lobby
on-site professional management
executive conference room
fitness center
outdoor pool deck
Building Details
Year Built
1981
Listing Agency:
Cornish & Carey Commercial
(408) 727-9600
Listed By:
Kelly Rivett · License #01249433
Source:
Myfabuloushome
Added: Jul 27
Changed: Aug 30
Last Checked: Aug 30 at 7:44PM
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 1,560-square-foot office condominium on the ground floor of Bridgeway Towers at 500 N St. The suite includes five private offices, a secured entry area, and additional work areas supporting professional operations. Large windows overlook the landscaped pool and spa area, bringing natural light into the interior.
Ownership and occupancy include access to a secured main lobby, on-site management, an executive conference room, fitness center, and outdoor pool deck. Two assigned parking deck spaces are included, a useful feature for a downtown office property. The building was completed in 1981 and is located in Downtown Sacramento, within blocks of the California State Capitol and Downtown Commons.
Ownership and occupancy include access to a secured main lobby, on-site management, an executive conference room, fitness center, and outdoor pool deck. Two assigned parking deck spaces are included, a useful feature for a downtown office property. The building was completed in 1981 and is located in Downtown Sacramento, within blocks of the California State Capitol and Downtown Commons.
Key Highlights
- 1,560‑square‑foot ground‑floor office condominium in Bridgeway Towers
- Five private offices plus secured entry and functional work areas
- Large windows face the landscaped pool and spa area
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
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 - Professional suite with private offices, controlled entry, building amenities, and assigned parking in a managed downtown setting.
Where is this office units located?
The property is located at 500 N St Unit 30 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: 1,560‑square‑foot ground‑floor office condominium in Bridgeway Towers; Five private offices plus secured entry and functional work areas; Large windows face the landscaped pool and spa area
