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    Property profile & analytics

    1321 Howe Ave Sacramento, CA 95825

    • Office Properties & Spaces
    • 93,446 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Audrie L. Meyer, LMFT / Mental Health Clinic / Mental Health Service
    • Atlas Accounting / Bookkeeping Service / Business To Business Service
    • Thriiiv Care / Home Health Care Service / Disability Services And Support Organization
    • Aesthetic Envy / Medical Spa / Facial Spa
    • The Employers' Council / Legal Services

    Property Details for 1321 Howe Ave

    Property size
    93,446 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional executive office property, located at 1321-1337 Howe Avenue in Sacramento, California, offers a prime opportunity for businesses seeking flexible and modern workspace. The building boasts a total of 93,446 square feet, with a variety of suite sizes available to accommodate diverse needs. Currently, there are 33,435 square feet of vacant space ready for immediate occupancy. Units range from a minimum of 537 square feet to a maximum contiguous space of 3,952 square feet, providing options for both small and larger businesses. The property is classified as a multi-tenant building, offering a vibrant and collaborative environment. Situated in Sacramento County, with a convenient zip code of 95825, this location provides easy access to major transportation routes and amenities. The property is ideal for businesses seeking a prestigious address in a thriving Sacramento market. This is a fantastic opportunity to secure high-quality office space in a desirable location. Contact us today to learn more about available spaces and lease terms. The property is categorized as an Executive Office building, ensuring a professional and efficient work environment. The address is easily accessible and well-suited for a variety of businesses.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.416
    Latitude
    38.5904

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    • Value Estimation
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      701 Howe Ave Ste A6

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      View Details
    • Value Estimation
      $370,000
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      650 Howe Ave Ste, Unit 700

      CONDOMINIUM OFFICES • 4,514 SF
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      View Details

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      Sacramento Office Space - Howe Ave

      Prime Sacramento office space, multiple suites available.
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    • Contact for pricing
      93,446 SF

      Howe Avenue Executive Suites

      Sacramento Office Space For Lease
      1321 Howe Ave, Sacramento, CA 95825
      View Details
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    Sacramento, CA 95825
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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
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