Industrial Condo with Mezzanine
For Sale
Contact for pricing
45 Goldenland Ct, Sacramento, CA 95834
2,465 sq ft industrial condo with upgraded mezzanine office.
Property Size2,465 SF
Price / SF$210.55
Days on Market661
Property Features for 45 Goldenland Ct
General Information
Standard status
Active
Size
2,465 SF
Class
B
Property subtype
Industrial
Zoning
EC30
Building Details
Year Built
2004
Stories
1
Units
1
Listing Agency:
RE/MAX Gold Commercial
(909) 260-5824
Listed By:
Greg Diodati, CCIM · License #CA #00831160
Source:
Crexi
Added: Nov 9, 2024
Changed: Aug 15
Last Checked: Sep 1 at 3:00AM
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 Commercial
Investment Insights
Based on property information with market context.
The subject property is a 2,465 sq ft industrial condo, offering a suitable environment for small businesses. The unit features upgraded office improvements, including a finished mezzanine office. This mezzanine space can be utilized as a conference room, plan room, or private office, providing flexibility for various business needs.
Key Highlights
- 2,465 sq ft Industrial Condo
- Upgraded office improvements
- Mezzanine office
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
$26,966
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
5.20%
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%
$539,320
$539.3K
Cap Rate 7%
$385,229
$385.2K
Cap Rate 9%
$299,622
$299.6K
Market Conditions
NOI Build-Up for 2,465 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
$44.4K $18.00/SF
− Vacancy
−$2.9K −$1.17/SF
EGI
$41.5K $16.83/SF
− OpEx
−$14.5K −$5.89/SF
NOI
$27.0K $10.94/SF
Area
Sacramento, CA
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$539,320
Cap Rate 7%
$385,229
Cap Rate 9%
$299,622
Alternative Uses
Best Use
Flex RnD
$385.2K
$337.1K – $449.4K
NOI $26,966 @ 7.0% cap · market cap 5.20%
Second Best
Industrial
$267.3K
$233.9K – $311.8K
NOI $18,709 @ 7.0% cap · market cap 3.60%
Theoretical Best
Specialty Retail
$662.4K
$579.6K – $772.8K
NOI $46,367 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,152
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95834, CA
35,617
Population
13,531
Households
2.6
Avg Household Size
34
Median Age
40%
College-Educated
90%
High-School Grad
10.0 sq mi
ZIP Area
3,562
Density / Sq Mi
$98,169
Median Household Income
$52,722
Median Earnings
$1,734
Median Rent
$518,300
Median Home Value
Market
Vacancy Rate% for Industrial in Sacramento, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 2,465 sq ft industrial condo with upgraded mezzanine office.
Where is this flex space located?
The property is located at 45 Goldenland Ct Sacramento, CA.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: 2,465 sq ft Industrial Condo; Upgraded office improvements; Mezzanine office
