Downtown Office Building with
For Sale
Contact for pricing
901 F St, Sacramento, CA 95814
Office building for sale with private on-site parking and close proximity to the courthouse and law library.
Property Size11,417 SF
Lot Size0.44 Acres
Price / SF$227.73
Days on Market113
Property Features for 901 F St
General Information
Standard status
Active
Size
11,417 SF
Lot size
0.44 Acres
Property subtype
OFFICE
Listing Agency:
Newmark | Sacramento
(916) 920-4400
Listed By:
Michael J. Muljat · License #01035084
(916) 569-2346
Source:
Moodyscre
Added: May 25
Changed: Sep 11
Last Checked: Sep 14 at 5:38AM
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 Newmark | Sacramento
Investment Insights
Based on property information with market context.
This downtown office building totals approximately 11,417 square feet on about 0.44 acres, offered for sale. The property includes on-site private parking, an uncommon amenity for downtown office locations.
The building is positioned in immediate proximity to the courthouse and law library, supporting convenient access for professional and administrative users. It also benefits from high-density walkability to nearby dining and transit, giving occupants additional everyday convenience.
The offering price is listed at $228 per square foot ($2,600,000).
The building is positioned in immediate proximity to the courthouse and law library, supporting convenient access for professional and administrative users. It also benefits from high-density walkability to nearby dining and transit, giving occupants additional everyday convenience.
The offering price is listed at $228 per square foot ($2,600,000).
Key Highlights
- 11,417 SF office building on 0.44 acres
- Immediate proximity to the courthouse and law library
- On‑site private parking (noted as rare for downtown)
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
$155,547
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
5.98%
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%
$3,110,940
$3.1M
Cap Rate 7%
$2,222,100
$2.2M
Cap Rate 9%
$1,728,300
$1.7M
Market Conditions
NOI Build-Up for 11,417 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
$246.6K $21.60/SF
− Vacancy
−$39.2K −$3.43/SF
EGI
$207.4K $18.17/SF
− OpEx
−$51.8K −$4.54/SF
NOI
$155.5K $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%
$3,110,940
Cap Rate 7%
$2,222,100
Cap Rate 9%
$1,728,300
Alternative Uses
Best Use
Office B
$2.22M
$1.94M – $2.59M
NOI $155,547 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.07M
$2.68M – $3.58M
NOI $214,754 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,897
Businesses Nearby
Explore this area
Business Placement
Demographics for 95814, CA
12,208
Population
7,972
Households
1.5
Avg Household Size
38
Median Age
40%
College-Educated
90%
High-School Grad
1.4 sq mi
ZIP Area
8,720
Density / Sq Mi
$46,637
Median Household Income
$57,500
Median Earnings
$1,226
Median Rent
$621,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Sacramento, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office building for sale with private on-site parking and close proximity to the courthouse and law library.
Where is this office building located?
The property is located at 901 F St Sacramento, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 11,417 SF office building on 0.44 acres; Immediate proximity to the courthouse and law library; On‑site private parking (noted as rare for downtown)
