Owner-User Office
For Sale
Contact for pricing
815 S Street, Sacramento, CA 95811
Owner-user office building with ample on-site parking and an open interior layout that can be reconfigured.
Property Size13,919 SF
Lot Size0.51 Acres
Price / SF$251.45
Days on Market166
Property Features for 815 S Street
General Information
Standard status
Active
Size
13,919 SF
Total Parking Spaces
30
Lot size
0.51 Acres
Property subtype
Office, Land, Special Purpose
Zoning
RMX-SPD (Residential Mixed Use/Special Planning District)
Occupancy
100%
Investment Type
Owner/User
Site & Location
Neighborhood
Southside Park
Building Details
Year Built
1984
Buildings
1
Stories
2
Units
30
Tenancy
Single
Listing Agency:
CBRE - Sacramento
Listed By:
Tony Whittaker · License #CA 01780828
(916) 492-6914
Source:
Crexi
Added: May 11
Changed: Oct 14
Last Checked: Oct 23 at 7:20AM
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 CBRE - Sacramento
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Investment Insights
Based on property information with market context.
This owner-user office building offers approximately 13,919 square feet within an about 22,076 square foot site. The property features open interior architecture designed to be easily reconfigured, supported by ample on-site parking.
Located at 815 S Street in Sacramento’s Central Business District, the building is described as having quick and easy access to Midtown and other parts of the CBD. The surrounding area includes retail, residential, and governmental developments.
The remarks also note proximity to the State Capitol, Downtown Commons, Golden 1 Center, the newly expanded Sacramento Convention Center, and SAFE Credit Union Performing Arts Center, with the property positioned within walking distance of major downtown office buildings and state office buildings.
Located at 815 S Street in Sacramento’s Central Business District, the building is described as having quick and easy access to Midtown and other parts of the CBD. The surrounding area includes retail, residential, and governmental developments.
The remarks also note proximity to the State Capitol, Downtown Commons, Golden 1 Center, the newly expanded Sacramento Convention Center, and SAFE Credit Union Performing Arts Center, with the property positioned within walking distance of major downtown office buildings and state office buildings.
Key Highlights
- Owner‑user office building built in 1984 in Sacramento’s Central Business District.
- 13,919 SF office building on 22,076 SF of land on S Street between Eighth and Ninth Streets.
- Offered at $3,500,000 ($251/SF of net rentable area; $159/SF of land).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$189,635
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,792,700
$3.8M
Cap Rate 7%
$2,709,071
$2.7M
Cap Rate 9%
$2,107,056
$2.1M
Market Conditions
NOI Build-Up for 13,919 SF
Gross rent
$300.7K $21.60/SF
− Vacancy
−$47.8K −$3.43/SF
EGI
$252.8K $18.17/SF
− OpEx
−$63.2K −$4.54/SF
NOI
$189.6K $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%
$3,792,700
Cap Rate 7%
$2,709,071
Cap Rate 9%
$2,107,056
Alternative Uses
Best Use
Office B
$2.71M
$2.37M – $3.16M
NOI $189,635 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.74M
$3.27M – $4.36M
NOI $261,816 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,285
Businesses Nearby
Explore this area
Business Placement
Demographics for 95811, CA
12,463
Population
5,085
Households
2.5
Avg Household Size
37
Median Age
54%
College-Educated
93%
High-School Grad
2.3 sq mi
ZIP Area
5,419
Density / Sq Mi
$77,760
Median Household Income
$59,641
Median Earnings
$1,564
Median Rent
$707,900
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
Frequently Asked Questions
What type of property is this?
Office building - Owner-user office building with ample on-site parking and an open interior layout that can be reconfigured.
Where is this office building located?
The property is located at 815 S Street Sacramento, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Owner‑user office building built in 1984 in Sacramento’s Central Business District.; 13,919 SF office building on 22,076 SF of land on S Street between Eighth and Ninth Streets.; Offered at $3,500,000 ($251/SF of net rentable area; $159/SF of land).
