Two-Story Office
For Sale
$585,000
902 Court Street, Woodland, CA 95695
A 13-room, two-story office with parking and basement storage, near the Yolo County Courthouse.
Property Size3,600 SF
Price / SF$162.50
Days on Market71
Property Features for 902 Court Street
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Commercial/Industrial
Additional Details
Office Units
13
Building Details
Year Built
1923
Stories
2
Listing Agency:
RE/MAX Gold Woodland
(530) 681-7331
Listed By:
Don Sharp · License #00665533
(530) 681-7331
Source:
Exitrealty
Added: Jun 1
Changed: Aug 8
Last Checked: Aug 10 at 4:36AM
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 RE/MAX Gold Woodland
Investment Insights
Based on property information with market context.
This for-sale property features a two-story office building with 13 rooms/offices, including 6 offices on the ground level and 7 offices upstairs. The building also includes a basement for additional storage. The offering includes 2 parcels and on-site parking, providing a self-contained setup for professional use or alternative conversions where permitted.
Located just steps from the Yolo County Courthouse, the property is positioned for convenient access to nearby services and amenities. It is also noted to be close to restaurants and a park, supporting day-to-day needs for staff and visitors.
With its straightforward floor-by-floor office layout, this building can support professional tenants seeking multiple enclosed offices across two levels. The presence of a dedicated basement storage area adds practicality for records, files, or overflow. The property’s configuration also offers flexibility for buyers considering uses beyond traditional office space, subject to applicable approvals and requirements.
Located just steps from the Yolo County Courthouse, the property is positioned for convenient access to nearby services and amenities. It is also noted to be close to restaurants and a park, supporting day-to-day needs for staff and visitors.
With its straightforward floor-by-floor office layout, this building can support professional tenants seeking multiple enclosed offices across two levels. The presence of a dedicated basement storage area adds practicality for records, files, or overflow. The property’s configuration also offers flexibility for buyers considering uses beyond traditional office space, subject to applicable approvals and requirements.
Key Highlights
- 1923‑built, two‑story office building with 13 rooms/offices
- 3,600 SF office building with 6 offices on the ground level and 7 offices upstairs
- Includes basement for storage
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
$50,998
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
8.72%
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%
$1,019,960
$1.0M
Cap Rate 7%
$728,543
$728.5K
Cap Rate 9%
$566,644
$566.6K
Market Conditions
NOI Build-Up for 3,600 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
$86.4K $24.00/SF
− Vacancy
−$18.4K −$5.11/SF
EGI
$68.0K $18.89/SF
− OpEx
−$17.0K −$4.72/SF
NOI
$51.0K $14.17/SF
Area
Yolo County, CA
Vacancy
21.30%
Lease Rate
$24.00 /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%
$1,019,960
Cap Rate 7%
$728,543
Cap Rate 9%
$566,644
Alternative Uses
Best Use
Office B
$728.5K
$637.5K – $850.0K
NOI $50,998 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$971.4K
$850.0K – $1.13M
NOI $67,997 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13
Office units
Location Intelligence
Trade Area within ½ mile
1,540
Businesses Nearby
Explore this area
Business Placement
Demographics for 95695, CA
38,956
Population
15,201
Households
2.6
Avg Household Size
39
Median Age
27%
College-Educated
85%
High-School Grad
145.6 sq mi
ZIP Area
268
Density / Sq Mi
$78,875
Median Household Income
$44,812
Median Earnings
$1,456
Median Rent
$493,800
Median Home Value
Market
Vacancy Rate% for Office in West region
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 - A 13-room, two-story office with parking and basement storage, near the Yolo County Courthouse.
Where is this office building located?
The property is located at 902 Court Street Woodland, CA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 1923‑built, two‑story office building with 13 rooms/offices; 3,600 SF office building with 6 offices on the ground level and 7 offices upstairs; Includes basement for storage
