Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1545 River Park Dr Sacramento, CA 95815

    • Office buildings
    • 121,838 SF
    • 5.24 lot acres
    For Lease
    View listing
    $2 SF/Yr
    Last Sale
    Oct 01, 2020
    $15,444,000
    Value Estimations
    $17,265,000
    Cap Rate Potential
    10.3%
    Office buildings
    Location Intelligence
    Property ID
    US10-3304946
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Infostat Systems Inc / Software Company
    • RMC Water and Environment | Sacramento Office / Engineering Consultant
    • Benefit Resources, Inc. / Financial Consultant
    • County Medical Services Program / County Government Office
    • iHeartMedia / Radio Broadcaster / Advertising Agency

    Property Details for 1545 River Park Dr

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    5.24 lot acres
    Property size
    121,838 SF
    Zone code
    OB-R-PUD
    Property type
    Office buildings
    APN
    277-0286-031-0000
    APU
    27702860310000

    Description

    Located in Sacramento, California, at 1545 River Park Drive (zip code 95815), Point West Commerce Centre offers prime office space for lease. This Class A building boasts a total of 96,290 square feet spread across five stories, providing a variety of options for businesses of all sizes. The building features a flexible layout with multiple tenancies, allowing for spaces ranging from a minimum of 2,313 square feet to a maximum contiguous space of 7,090 square feet. Currently, there are 25,379 square feet of vacant space available. The property provides ample parking with a ratio of 4.5 spaces per 1,000 square feet. The building's location in Sacramento County offers easy access to major transportation routes and amenities. This is an excellent opportunity to secure high-quality office space in a desirable location. The property is categorized as both Traditional and Executive Office space, catering to a wide range of professional needs. Inquire today to learn more about available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $17,155,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $15,860,000
      6.5%
      $14,745,000
      7%
      $13,775,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $15,915,000
      Geo Method
      $18,315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $13,145,000
      Retail
      $13,080,000
      Mixed-Use
      $17,590,000
      Hospitality
      $16,865,000
      Educational
      $12,805,000
      Residential Income
      $14,920,000
      Energy
      $15,280,000
      Income-Based Land
      $14,965,000
      Food Service
      $17,460,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.435
    Latitude
    38.6009
    CBSA code
    40900
    CBSA name
    SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $201,247
    $1,870,133
    $15,009,136
    $16,879,269
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.50 Acres

      2000 Evergreen St

      OFFICE BUILDING (MULTI-STORY) • 1.50 Acres
      2000 Evergreen St, Sacramento, CA 95815-3896
      View Details
    • Value Estimation by Request
      0.51 Acres

      Evergreen St

      OFFICE BUILDING • 0.51 Acres
      Evergreen St, Sacramento, CA 95815
      View Details
    • Value Estimation by Request
      30,235 SF

      1950 Arden Way

      OFFICE BUILDING (MULTI-STORY) • 30,235 SF
      1950 Arden Way, Sacramento, CA 95815-5004
      View Details
    • Value Estimation
      $1,490,000
      7,624 SF

      1500 Riv Park Dr

      OFFICE BUILDING • 7,624 SF
      1500 Riv Park Dr, Sacramento, CA 95815-4607
      View Details
    • Value Estimation
      $20,735,000
      95,372 SF

      2001 Acoma St

      OFFICE BUILDING • 95,372 SF
      2001 Acoma St, Sacramento, CA 95815
      View Details
    • Value Estimation
      $395,000
      2,000 SF

      2107 Del Paso Blvd

      OFFICE BUILDING • 2,000 SF
      2107 Del Paso Blvd, Sacramento, CA 95815
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,040 SF

      Sacramento Office Building For Sale

      17,040 SF office building available in Sacramento, CA.
      1501 El Camino Ave, Sacramento, CA 95815
      View Details
    • $4,275,000
      21,366 SF

      Sacramento Warehouse with Office Space

      Warehouse with office space and fenced yard in Sacramento.
      2150 Harvard St, Sacramento, CA 95815
      View Details
    • Contact for pricing
      5,052 SF

      Sacramento Office Space For Sale

      Office space available for purchase in Sacramento, California.
      1800 Arden Way, Sacramento, CA 95815
      View Details
    • $2,850,000
      10,382 SF

      Darina Avenue Apartment Complex

      Sacramento Multifamily Investment Opportunity
      714 Darina Ave, Sacramento, CA 95815
      View Details
    • Contact for pricing
      9,656 SF

      Sacramento Commercial Building

      9,656 SF Multi-Tenant Retail Space
      2469 Rio Linda Blvd, Sacramento, CA 95815
      View Details
    • $399,000

      M-1 Zoned Land Opportunity

      0.31 acres of M-1 zoned land near highways.
      2147 Barstow St, Sacramento, CA 95815
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Office Building Available

      Freestanding office building for rent in Sacramento, California.
      1515 River Park Dr, Sacramento, CA 95815
      View Details
    • $1.29 SF/Yr
      2,160 SF

      Corner Office Space Available Now

      Upstairs office space with five private offices and conference room.
      1851 Heritage Ln, Sacramento, CA 95815
      View Details
    • $19 SF/Yr
      3,990 SF

      Sacramento Office Space For Rent

      3,990 SF Class C office space available for lease.
      1561-1565 River Park Dr, Sacramento, CA 95815
      View Details
    • $1.95 SF/Yr
      2,014 SF

      Sacramento Office Space For Lease

      Office space for lease with I-80 access and amenities.
      1765 Challenge Way, Sacramento, CA 95815
      View Details
    • Contact for pricing
      7,165 SF

      Sacramento Office Space For Rent

      Office space available in a convenient Sacramento location.
      1600-1700 Tribute Rd, Sacramento, CA 95815
      View Details
    • $18 SF/Yr
      46,885 SF

      Point West Office Building for Lease

      Sacramento Office Space: Multiple Suites Available
      1455 Response Rd, Sacramento, CA 95815
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1545 River Park Dr
    Sacramento, CA 95815
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.