East Sacramento Multi-Story Office
For Sale
$1,399,000
722 Alhambra Boulevard, Sacramento, CA 95816
Income-producing office building in a sought-after urban neighborhood.
Property Size5,320 SF
Price / SF$262.97
Days on Market186
Property Features for 722 Alhambra Boulevard
General Information
Standard status
Active
Size
5,320 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1952
Listing Agency:
ROME Real Estate Group, Inc.
(916) 932-2199
Listed By:
Chase S. Burke · License #01879336
(916) 705-8132
Source:
Exitrealty
Added: Apr 8
Changed: Oct 1
Last Checked: Oct 1 at 9:57AM
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, Inc.
Investment Insights
Based on property information with market context.
Located on Alhambra Boulevard in East Sacramento, this multi-story office building offers an opportunity for owner-users or investors. The 5,320 square foot complex is situated in a historically stable, high-income corridor. The property is near McKinley Park, a 32-acre landmark featuring a rose garden, farmers market, community pool, and year-round events. Several restaurants and cafes are within walking distance. The building is currently 75% leased to tenants in health services and law, providing income with potential for increased revenue from the remaining vacancy. The OB-SPD zoning (Office Business Low-Rise Mixed-Use Special Planning District) allows for a range of professional and mixed-use occupancies. With access to Business 80 and Highway 50, the property provides convenient access to Downtown, Midtown, and the greater metro area. Traffic counts are 15,806 ADT at H St Alhambra Blvd and 179,788 ADT on Capital City Freeway. The surrounding area of East Sacramento features tree-lined streets and a median household income exceeding $109,000.
Key Highlights
- Prime location in East Sacramento's Alhambra corridor.
- Adjacent to McKinley Park, offering access to amenities.
- Income‑producing multi‑story office building with established tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,481
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
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
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 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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Sacramento, CA
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Frequently Asked Questions
What type of property is this?
Office building - Income-producing office building in a sought-after urban neighborhood.
Where is this office building located?
The property is located at 722 Alhambra Boulevard 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 in East Sacramento's Alhambra corridor.; Adjacent to McKinley Park, offering access to amenities.; Income‑producing multi‑story office building with established tenants.
