Class A Office Building with ADA
For Sale
Contact for pricing
9355 E Stockton Blvd, Elk Grove, CA 95624
Built in 2005 and elevator served for ADA compliance, it is nearly fully leased with diversified professional tenants.
Property Size56,086 SF
Lot Size3.42 Acres
Price / SF$240.52
Days on Market192
Property Features for 9355 E Stockton Blvd
General Information
Standard status
Active
Size
56,086 SF
Class
A
Total Parking Spaces
208
Lot size
3.42 Acres
Property subtype
Office
Zoning
Business Professional (City of Elk Grove)
Net Operating Income
$1,142,568
Additional Details
Cap Rate
6.5%
Highway Access
Yes
Building Details
Year Built
2005
Tenancy
Multi
Construction
tilt-up concrete
Listing Agency:
PDF Commercial
Listed By:
Jon Bias · License #01998325
(916) 714-8012
Source:
Crexi
Added: Feb 25
Changed: Aug 13
Last Checked: Sep 1 at 7:40AM
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 PDF Commercial
Investment Insights
Based on property information with market context.
Constructed in 2005, the James Hall Financial Building is a Class A office property totaling approximately 56,086 square feet on a 3.42-acre parcel. The building features reinforced concrete tilt-up construction, high-end interior improvements, and professional lobby finishes, with elevator-served access designed to support full ADA compliance. The property is nearly fully leased with diversified professional tenants.
Located along the dominant East Stockton Boulevard spine, the building offers direct Highway 99 visibility, positioned on the east side of the highway within Elk Grove’s established professional office corridor.
Overall condition and institutional-quality design support long-term leasing flexibility, with a layout and improvements aligned to professional office users.
Located along the dominant East Stockton Boulevard spine, the building offers direct Highway 99 visibility, positioned on the east side of the highway within Elk Grove’s established professional office corridor.
Overall condition and institutional-quality design support long-term leasing flexibility, with a layout and improvements aligned to professional office users.
Key Highlights
- Class A office building built in 2005 with 56,086 SF on a 3.42‑acre parcel
- Nearly fully leased with diversified professional tenants
- Reinforced concrete tilt‑up construction with professional lobby finishes
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
$780,683
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
5.79%
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%
$15,613,660
$15.6M
Cap Rate 7%
$11,152,614
$11.2M
Cap Rate 9%
$8,674,256
$8.7M
Market Conditions
NOI Build-Up for 56,086 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
$1.25M $22.20/SF
− Vacancy
−$204.2K −$3.64/SF
EGI
$1.04M $18.56/SF
− OpEx
−$260.2K −$4.64/SF
NOI
$780.7K $13.92/SF
Area
Elk Grove, CA
Vacancy
16.40%
Lease Rate
$22.20 /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%
$15,613,660
Cap Rate 7%
$11,152,614
Cap Rate 9%
$8,674,256
Alternative Uses
Best Use
Office B
$11.15M
$9.76M – $13.01M
NOI $780,683 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.02M
$12.27M – $16.35M
NOI $981,270 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,891
Businesses Nearby
Explore this area
Business Placement
Demographics for 95624, CA
66,575
Population
20,740
Households
3.2
Avg Household Size
39
Median Age
33%
College-Educated
89%
High-School Grad
45.6 sq mi
ZIP Area
1,460
Density / Sq Mi
$121,269
Median Household Income
$53,303
Median Earnings
$1,960
Median Rent
$603,700
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 - Built in 2005 and elevator served for ADA compliance, it is nearly fully leased with diversified professional tenants.
Where is this office building located?
The property is located at 9355 E Stockton Blvd Elk Grove, CA.
What is the asking price?
The asking price for this property is $13,490,000.
What are key features of this property?
This property features: Class A office building built in 2005 with 56,086 SF on a 3.42‑acre parcel; Nearly fully leased with diversified professional tenants; Reinforced concrete tilt‑up construction with professional lobby finishes
