Flexible Office
590 E St Lincoln, CA 95648
For Sale
Contact for pricing
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 Market95
Property Features for 590 E St
General Information
- Standard status
- Active
- Size
- 3,246 SF
- Property subtype
- Office
Listing Agency:
Gallelli Real Estate
(916) 789-3337
Listed By:
Robb Osborne · License #CA 01398696
Source:
Crexi
Added: Apr 20
Changed: Jul 23
Last Checked: Jul 23 at 10:19AM
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 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 | $115.3k | $35.52 |
| − Vacancy | −$16.4k | −$5.04 |
| EGI | $98.9k | $30.48 |
| − OpEx | −$24.7k | −$7.62 |
| NOI | $74.2k | $22.86 |
3,246 SF · lease $35.52/SF/yr · vacancy 14.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.06M
$927.4K – $1.24M
NOI $74,194 @ 7.0% cap · market cap 7.61%
Second Best
Healthcare Medical
$928.4K
$812.4K – $1.08M
NOI $64,988 @ 7.0% cap · market cap 6.67%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
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
