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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1601 Response Rd Sacramento, CA 95815

    • Office buildings
    • 73,956 SF
    • 3.42 lot acres
    For Lease
    View listing
    $2 SF/Yr
    Last Sale
    Oct 01, 2020
    $9,399,000
    Value Estimations
    $10,075,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-3170989
    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

    • Besbp12 Group Inc / Window Installation Service
    • Valassis / Advertising Agency
    • Discovery Mood & Anxiety Program - Sacramento / Mental Health Service / Mental Health Clinic
    • Mony Group / Insurance Agency
    • First Foundation Bank / Bank

    Property Details for 1601 Response Rd

    Year built
    1985
    Construction
    CONCRETE
    Lot size
    3.42 lot acres
    Property size
    73,956 SF
    Zone code
    OB-R-PUD
    Property type
    Office buildings
    APN
    277-0272-014-0000
    APU
    27702720140000

    Description

    The Point West Exposition Center, a Class A office building in Sacramento, CA, offers exceptional executive office space for lease. Located at 1601 Response Rd, 95815, this prestigious property boasts a total of 75,000 square feet, with 35,118 square feet currently vacant and available for immediate occupancy. Multiple tenancy options are available, catering to businesses of various sizes. Individual suites range from a minimum of 1,359 square feet to a maximum contiguous space of 14,335 square feet, providing flexibility for diverse needs. The building is situated in Sacramento County and offers easy access to major transportation routes, making it an ideal location for businesses seeking a prominent presence in the Sacramento area. This prime location provides a professional and efficient work environment, perfect for companies seeking to establish or expand their operations. The building's executive office spaces are designed to meet the highest standards, ensuring a comfortable and productive workspace for employees. Contact us today to explore the available spaces and discover the perfect fit for your business. Eleven spaces are currently available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,440,000
      ML approach
      $10,555,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,581,000
      Market price range: $10.3M - $15.7M
      AI Estimate
      $6,728,000
      Market price range: $2.10M - $12.5M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $12,845,000
      Current use
      INDUSTRIAL (GENERAL)
      $15,910,000
      Change: +24% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.429
    Latitude
    38.5977
    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
    $105,787
    $1,790,000
    $6,910,000
    $8,700,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $8,255,000
      46,885 SF

      1455 Response Rd

      OFFICE BUILDING (MULTI-STORY) • 46,885 SF
      1455 Response Rd, Sacramento, CA 95815-4850
      View Details
    • Value Estimation
      $8,275,000
      43,867 SF

      1510 Arden Way

      OFFICE BUILDING (MULTI-STORY) • 43,867 SF
      1510 Arden Way, Sacramento, CA 95815-4025
      View Details
    • Value Estimation
      $2,125,000
      10,550 SF

      1111 Exposition Blvd Ste, Unit 200

      OFFICE BUILDING • 10,550 SF
      1111 Exposition Blvd Ste, Sacramento, CA 95815-4324
      View Details
    • Value Estimation
      $1,480,000
      7,350 SF

      1111 Exposition Blvd Ste, Unit 500

      OFFICE BUILDING • 7,350 SF
      1111 Exposition Blvd Ste, Sacramento, CA 95815-4324
      View Details
    • Value Estimation
      $1,710,000
      8,475 SF

      1111 Exposition Blvd Ste, Unit 600

      OFFICE BUILDING • 8,475 SF
      1111 Exposition Blvd Ste, Sacramento, CA 95815-4335
      View Details
    • Value Estimation
      $1,750,000
      8,732 SF

      1485 Riv Park Dr

      OFFICE BUILDING • 8,732 SF
      1485 Riv Park Dr, Sacramento, CA 95815-4501
      View Details

    Similar Nearby for Sale

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      M-1 Zoned Land Opportunity

      0.31 acres of M-1 zoned land near highways.
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      Land parcel for sale, suitable for various commercial uses.
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    • $1,100,000
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    Similar Nearby for Lease

    • $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
    • $20 SF/Yr
      45,000 SF

      Executive Suites, Sacramento CA

      Class A Office Space Available Now
      1792 Tribute Rd, Sacramento, CA 95815
      View Details
    • $12 SF/Yr
      6,249 SF

      Sacramento Office Space Solutions

      Flexible workspaces, various sizes
      2180 Harvard St, Sacramento, CA 95815
      View Details
    • $2 SF/Yr
      14,335 SF

      Office Space with Renovated Amenities

      Office space featuring on-site amenities and high visibility.
      1601 Response Rd, Sacramento, CA 95815
      View Details
    • $19 SF/Yr
      211 SF

      Renovated Office Space Available

      Revitalized office park with immediate occupancy spaces and balconies.
      1555 River Park Dr, Sacramento, CA 95815
      View Details
    • $2 SF/Yr
      20,353 SF

      Office Space Near Light Rail

      Office space with amenities and easy access to transportation.
      2241 Harvard St, Sacramento, CA 95815
      View Details
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    1601 Response Rd
    Sacramento, CA 95815
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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