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    10361 Rockingham Dr Sacramento, CA 95827

    Sponsored
    For Sale
    Contact for pricing

    34,202 SF Office - Sale/Lease

    Property size:
    34,202 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 34,202-square-foot executive office building, located at 10361 Rockingham Drive in Sacramento, California, presents a unique investment opportunity. Built in 1988, this single-story Class C building sits on a 3.1-acre lot and is currently 9.5% occupied. The property features a mix of private offices, conference rooms, and open workspace, offering flexibility for various business needs. The permitted zoning is CMU, allowing for a range of potential uses. The building offers prominent monument and building signage opportunities, enhancing visibility and brand recognition. For sale or lease, the property offers a range of options, with lease spaces available from 4,000 to 14,407 square feet. Its convenient location provides immediate access to Highway 50 at Mather Field, ensuring easy commutes for employees and clients. The property's Assesor's Parcel Number (APN) is 077-0040-052, and ownership is held by Buzz Oates. This presents a compelling opportunity for owner-users or investors seeking a strategically located Sacramento office space. The property's single-story design and ample acreage offer significant potential for future development or expansion. This is an excellent opportunity to acquire a well-situated office building in a thriving Sacramento market.

    Property Features for 10361 Rockingham Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    34,202 SF
    Class
    C
    Lot Size
    135,036 SF

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    1

    HighLights

    • 34,202 SF Available for Sale
    • 4,000‑14,407 SF Available for Lease
    • Private Offices & Open Workspaces Available
    • Conference Rooms Included
    • Monument & Building Signage Opportunities
    • Excellent Highway 50 Access (Mather Field)
    Property Profile Location Intelligence

    Current Use by Public Records

    Sacramento County Parks ... Park Best Garage Door ... Garage Door Supplier Burger Station Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.3062041
    Latitude
    38.5749126

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    FAQs

    What type of property is this?
    Office Property / Space - 34,202 SF Office - Sale/Lease
    Where is this office property / space located?
    The property is located at 10361 Rockingham Dr Sacramento, CA.
    What are key features of this property?
    This property features: 34,202 SF Available for Sale; 4,000-14,407 SF Available for Lease; Private Offices & Open Workspaces Available
    (916) 492-6914
    Request Owner's contact information
    10361 Rockingham Dr Sacramento, CA 95827
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    Sacramento, CA 95827
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10361 Rockingham Dr Sacramento, CA 95827
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