Second-Floor Office
For Sale
Contact for pricing
1111 High St, Auburn, CA 95603
Second-floor office space for lease with 1,359 SF and access to a large on-site parking lot.
Property Size2,749 SF
Price / SF$290.65
Days on Market487
Property Features for 1111 High St
General Information
Standard status
Active
Size
2,749 SF
Property subtype
OFFICE
Listing Agency:
CBRE | Roseville
(916) 781-2400
Listed By:
Shana Lennon · License #01446203
(916) 781-4868
Source:
Moodyscre
Added: May 7, 2025
Changed: Aug 7
Last Checked: Sep 5 at 11:57AM
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 CBRE | Roseville
Investment Insights
Based on property information with market context.
This offering includes approximately 1,359 SF of office space on the second floor. The space is designed for office use within a multi-unit commercial building.
The property is located near Central Square in Downtown Auburn, CA. A large parking lot provides ample parking for building users.
The building configuration supports a dedicated second-floor suite layout, making it suitable for tenants seeking a defined office space.
The property is located near Central Square in Downtown Auburn, CA. A large parking lot provides ample parking for building users.
The building configuration supports a dedicated second-floor suite layout, making it suitable for tenants seeking a defined office space.
Key Highlights
- Approx. 1,359 SF office space available for lease on the 2nd floor
- Located near Central Square in Downtown Auburn, CA
- Large on‑site parking lot provides ample parking for the building
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
$62,834
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
7.86%
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%
$1,256,680
$1.3M
Cap Rate 7%
$897,629
$897.6K
Cap Rate 9%
$698,156
$698.2K
Market Conditions
NOI Build-Up for 2,749 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
$97.6K $35.52/SF
− Vacancy
−$13.9K −$5.04/SF
EGI
$83.8K $30.48/SF
− OpEx
−$20.9K −$7.62/SF
NOI
$62.8K $22.86/SF
Area
Placer County, CA
Vacancy
14.20%
Lease Rate
$35.52 /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%
$1,256,680
Cap Rate 7%
$897,629
Cap Rate 9%
$698,156
Alternative Uses
Best Use
Office B
$897.6K
$785.4K – $1.05M
NOI $62,834 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$931.2K – $1.24M
NOI $74,495 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,758
Businesses Nearby
Explore this area
Business Placement
Demographics for 95603, CA
28,021
Population
12,538
Households
2.2
Avg Household Size
49
Median Age
33%
College-Educated
92%
High-School Grad
35.8 sq mi
ZIP Area
783
Density / Sq Mi
$80,851
Median Household Income
$44,207
Median Earnings
$1,451
Median Rent
$613,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor office space for lease with 1,359 SF and access to a large on-site parking lot.
Where is this office units located?
The property is located at 1111 High St Auburn, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Approx. 1,359 SF office space available for lease on the 2nd floor; Located near Central Square in Downtown Auburn, CA; Large on‑site parking lot provides ample parking for the building
