Flexible Office
For Sale
Contact for pricing
590 E St, Lincoln, CA 95648
Office building with private offices, open workspace, and a full kitchen, suited for a range of professional uses.
Property Size3,246 SF
Price / SF$300.37
Days on Market142
Property Features for 590 E St
General Information
Standard status
Active
Size
3,246 SF
Class
B
Property subtype
Office
Amenities
full kitchen
Building Details
Buildings
1
Stories
2
Listing Agency:
Gallelli Real Estate
Listed By:
Robb Osborne · License #CA 01398696
(916) 789-3337
Source:
Crexi
Added: Apr 20
Changed: Sep 7
Last Checked: Sep 7 at 3:31AM
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 Gallelli Real Estate
Investment Insights
Based on property information with market context.
Located at 590 E St, this distinctive office property combines historic character with functional workspace utility. The building totals approximately 3,246 square feet and includes a flexible layout featuring a mix of private offices and open workspace, along with a full kitchen.
The property is described as being in the heart of Lincoln and just steps from Downtown Lincoln, with City Hall and local shops, restaurants, and other amenities within walking distance.
Available configuration supports a variety of professional uses, with the property specifically described as suitable for medical, legal, financial, or general office users seeking a more distinctive setting.
The property is described as being in the heart of Lincoln and just steps from Downtown Lincoln, with City Hall and local shops, restaurants, and other amenities within walking distance.
Available configuration supports a variety of professional uses, with the property specifically described as suitable for medical, legal, financial, or general office users seeking a more distinctive setting.
Key Highlights
- Office building totaling approximately 3,246 SF
- Flexible interior layout with private offices and open workspace
- Includes a full kitchen
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
$74,194
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
7.61%
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%
$1,483,880
$1.5M
Cap Rate 7%
$1,059,914
$1.1M
Cap Rate 9%
$824,378
$824.4K
Market Conditions
NOI Build-Up for 3,246 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
$115.3K $35.52/SF
− Vacancy
−$16.4K −$5.04/SF
EGI
$98.9K $30.48/SF
− OpEx
−$24.7K −$7.62/SF
NOI
$74.2K $22.86/SF
Area
Placer County, CA
Vacancy
14.20%
Lease Rate
$35.52 /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%
$1,483,880
Cap Rate 7%
$1,059,914
Cap Rate 9%
$824,378
Alternative Uses
Best Use
Office B
$1.06M
$927.4K – $1.24M
NOI $74,194 @ 7.0% cap · market cap 7.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,964 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Explore this area
Business Placement
Demographics for 95648, CA
54,483
Population
22,095
Households
2.5
Avg Household Size
45
Median Age
38%
College-Educated
94%
High-School Grad
144.3 sq mi
ZIP Area
378
Density / Sq Mi
$108,200
Median Household Income
$58,255
Median Earnings
$2,054
Median Rent
$635,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building with private offices, open workspace, and a full kitchen, suited for a range of professional uses.
Where is this office building located?
The property is located at 590 E St Lincoln, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Office building totaling approximately 3,246 SF; Flexible interior layout with private offices and open workspace; Includes a full kitchen
