East Sacramento Office Building Near
For Sale
Contact for pricing
716 Alhambra Blvd, Sacramento, CA 95816
Two-story office building in desirable East Sacramento neighborhood.
Property Size5,320 SF
Price / SF$262.97
Days on Market166
Property Features for 716 Alhambra Blvd
General Information
Standard status
Active
Size
5,320 SF
Class
C
Property subtype
Office
Zoning
OB-SPD
Investment Type
Owner/User
Building Details
Year Built
1979
Buildings
1
Stories
2
Listing Agency:
ROME Real Estate Group
(916) 705-8132
Listed By:
Chase Burke · License #CA 01879336
Source:
Crexi
Added: Mar 20
Changed: Aug 31
Last Checked: Aug 29 at 4:38AM
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 ROME Real Estate Group
Investment Insights
Based on property information with market context.
Located on Alhambra Boulevard in East Sacramento, this two-story office building offers approximately 5,320 square feet of space. The property is situated directly adjacent to McKinley Park, a 32-acre landmark known for its rose garden, farmers market, community pool, and year-round community events. The building is zoned OB-SPD (Office Business Low-Rise Mixed-Use, Special Planning District), providing flexibility for both owner-users and investors. The location offers convenient access to nearby amenities, including Canon, Allora, Kru, Selland's Market Café, and Chocolate Fish Coffee. Business 80 and Highway 50 provide access to Downtown, Midtown, and the broader Sacramento metro area. The building has established professional tenants in health services and law.
Key Highlights
- Prime location directly adjacent to McKinley Park.
- Located in East Sacramento, a highly desirable neighborhood.
- Strong tenant history with established professional tenants.
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
$72,481
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
5.18%
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%
$1,449,620
$1.4M
Cap Rate 7%
$1,035,443
$1.0M
Cap Rate 9%
$805,344
$805.3K
Market Conditions
NOI Build-Up for 5,320 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
$114.9K $21.60/SF
− Vacancy
−$18.3K −$3.43/SF
EGI
$96.6K $18.17/SF
− OpEx
−$24.2K −$4.54/SF
NOI
$72.5K $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%
$1,449,620
Cap Rate 7%
$1,035,443
Cap Rate 9%
$805,344
Alternative Uses
Best Use
Office B
$1.04M
$906.0K – $1.21M
NOI $72,481 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $100,069 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,024
Businesses Nearby
Explore this area
Business Placement
Demographics for 95816, CA
18,606
Population
11,553
Households
1.6
Avg Household Size
36
Median Age
65%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
6,891
Density / Sq Mi
$90,521
Median Household Income
$61,407
Median Earnings
$1,647
Median Rent
$789,700
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 building - Two-story office building in desirable East Sacramento neighborhood.
Where is this office building located?
The property is located at 716 Alhambra Blvd Sacramento, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Prime location directly adjacent to McKinley Park.; Located in East Sacramento, a highly desirable neighborhood.; Strong tenant history with established professional tenants.
