Ground-Floor Office Condo
500 N Street Sacramento, CA 95814
500 N Street, Sacramento, CA, 95814
$450,000
For Sale
$450,000
Ground-floor office condo with five private offices, secure entry, and large windows overlooking a landscaped pool area.
Property Size1,560 SF
Price / SF$288.46
Days on Market9
Property Features for 500 N Street
General Information
- Standard status
- Active
- Size
- 1,560 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1981
Listing Agency
Cornish & Carey Commercial
(916) 569-2385
Listed by
Kelly Rivett · License #01249433
(916) 569-2385
Source
Exitrealty
Added: Jul 10 Checked: Jul 18 at 2:17 am
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.
This ground-floor office condo suite is located within Bridgeway Towers and features five private offices, a secure entry area, and functional workspaces designed to support day-to-day operations. Large windows provide natural light and an outlook toward the property’s landscaped pool and spa area.
The building offers secured main lobby access, on-site professional management, an executive conference room, a fitness center, and an outdoor pool deck. Owners and occupants also have access to two assigned parking deck spaces.
The suite’s configuration and ground-floor setting make it well suited for professional office use where private offices and client-ready space are important.
The building offers secured main lobby access, on-site professional management, an executive conference room, a fitness center, and an outdoor pool deck. Owners and occupants also have access to two assigned parking deck spaces.
The suite’s configuration and ground-floor setting make it well suited for professional office use where private offices and client-ready space are important.
Key Highlights
- 1,560‑SF ground‑floor office condo (Unit 30) in Bridgeway Towers, built in 1981
- Suite includes five private offices plus a secure entry area and functional workspaces
- Large windows overlook the property’s landscaped pool and spa area
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.7k | $21.60 |
| − Vacancy | −$5.4k | −$3.43 |
| EGI | $28.3k | $18.17 |
| − OpEx | −$7.1k | −$4.54 |
| NOI | $21.3k | $13.62 |
1,560 SF · lease $21.60/SF/yr · vacancy 15.90% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
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500 N Street
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FAQs
What type of property is this?
Office units - Ground-floor office condo with five private offices, secure entry, and large windows overlooking a landscaped pool area.
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 $450,000.
What are key features of this property?
This property features: 1,560‑SF ground‑floor office condo (Unit 30) in Bridgeway Towers, built in 1981; Suite includes five private offices plus a secure entry area and functional workspaces; Large windows overlook the property’s landscaped pool and spa area
