Creative Office
For Sale
Contact for pricing
918 J Street, Sacramento, CA 95814
Design-forward ground-floor workspace with flexible office, meeting, studio, and collaboration areas in C-3-SPD zoning.
Property Size18,400 SF
Price / SF$189.95
Days on Market25
Property Features for 918 J Street
General Information
Standard status
Active
Size
18,400 SF
Total Parking Spaces
4
Property subtype
Office
Zoning
C-3-SPD
Lease Type
NNN
Net Operating Income
$296,400
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
Ground Floor
Building Details
Year Built
1890
Year Renovated
2024
Stories
2
Tenancy
Multi
Listing Agency:
Turton Commercial Real Estate
(916) 573-3305
Listed By:
Scott Kingston · License #01485640
Source:
Crexi
Added: Aug 6
Changed: Aug 29
Last Checked: Aug 29 at 8:48PM
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 Turton Commercial Real Estate
Investment Insights
Based on property information with market context.
This 18,400-square-foot office property includes an approximately 6,400-square-foot ground-floor workspace with an expansive floor plate and a distinctive architectural character. The layout can accommodate collaborative work areas, private offices, meeting rooms, creative studios, and gathering spaces, providing a flexible setting for organizations seeking a less conventional office environment. Built in 1890, the property carries a strong architectural identity while supporting contemporary workplace configurations.
Located at 918 J Street in Sacramento, the property is positioned within Downtown Sacramento near government agencies, professional services, entertainment venues, restaurants, hotels, and regional transit. Connectivity extends to Interstate 5, Highway 50, Interstate 80, Sacramento International Airport, Sacramento Valley Station, and the Capitol Corridor. The property is zoned C-3-SPD and offers a central office setting with access to the surrounding downtown business and mixed-use environment.
Located at 918 J Street in Sacramento, the property is positioned within Downtown Sacramento near government agencies, professional services, entertainment venues, restaurants, hotels, and regional transit. Connectivity extends to Interstate 5, Highway 50, Interstate 80, Sacramento International Airport, Sacramento Valley Station, and the Capitol Corridor. The property is zoned C-3-SPD and offers a central office setting with access to the surrounding downtown business and mixed-use environment.
Key Highlights
- 18,400‑square‑foot office property at 918 J Street, Sacramento, CA 95814
- Approximately 6,400 square feet on the ground floor
- Flexible layout for offices, meetings, studios, collaboration, and gathering areas
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
$250,685
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
7.17%
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%
$5,013,700
$5.0M
Cap Rate 7%
$3,581,214
$3.6M
Cap Rate 9%
$2,785,389
$2.8M
Market Conditions
NOI Build-Up for 18,400 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
$397.4K $21.60/SF
− Vacancy
−$63.2K −$3.43/SF
EGI
$334.2K $18.17/SF
− OpEx
−$83.6K −$4.54/SF
NOI
$250.7K $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%
$5,013,700
Cap Rate 7%
$3,581,214
Cap Rate 9%
$2,785,389
Alternative Uses
Best Use
Office B
$3.58M
$3.13M – $4.18M
NOI $250,685 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.94M
$4.33M – $5.77M
NOI $346,104 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
7,698
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
Market
Vacancy Rate% for Office in Sacramento, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Creative space - Design-forward ground-floor workspace with flexible office, meeting, studio, and collaboration areas in C-3-SPD zoning.
Where is this creative space located?
The property is located at 918 J Street Sacramento, CA.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 18,400‑square‑foot office property at 918 J Street, Sacramento, CA 95814; Approximately 6,400 square feet on the ground floor; Flexible layout for offices, meetings, studios, collaboration, and gathering areas
