1401 21St StSacramento, CA 95811

Property Details for 1401 21St St

Year built

1957

Construction

TILT-UP CONCRETE

Lot size

0.29 AC

Property size (Sq ft)

26,440 SF

Zone code

C-2-SPD

Property type

Office buildings

APN

007-0251-025-0000

APU

702510250000

Description

This exceptional four-story, 25,600 square foot office building, located at 1401 21st Street in Sacramento, CA 95811, offers a unique opportunity for businesses seeking executive office space in the heart of Midtown. Originally built in 1962 and fully renovated in 2016, the building boasts a modern mid-century aesthetic with a refreshed exterior façade, updated lobby and common areas, and new mechanical infrastructure. The ground floor is currently occupied by the Midtown Business Association. Available spaces range from a minimum of 2,500 square feet to a maximum contiguous space of 4,259 square feet, with a total of 9,486 square feet currently vacant. The property provides convenient on-site parking at a ratio of 1.96 spaces per 1,000 square feet, a rare amenity in Midtown Sacramento. Additional parking options are available at a nearby multi-level garage. Convenient street parking is also available for clients. Situated near the Handle District and Lavender Heights, this location offers unparalleled access to Sacramento's vibrant Midtown scene, known for its walkability and mixed-use environment. The building's design features expansive windows, abundant natural light, and a neutral material palette, creating a contemporary and inviting workspace. This high-visibility location on 21st Street presents a rare opportunity for businesses seeking a prestigious address in one of Sacramento's most desirable neighborhoods.

• CAP approach

  CAP return

  Valuation

  6%

  $8,498,540

  6.5%

  $7,844,810

  7%

  $7,284,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,775,100

  Geo Method

  $3,775,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $14,997,300

  Retail / Commercial

  $7,778,120

  Mixed-Use / Specialty

  $7,819,390

  Hospitality / Lodging

  $5,826,670

  Institutional / Educational

  $8,153,680

  Residential Income

  $9,539,800

  Multifamily

  $11,059,000

  Automotive / Energy

  $6,988,870

  Parking / Income-Based Land

  $2,343,600

  Restaurant / Food Service

  $4,214,180

  Healthcare / Senior Housing

  $7,947,880

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.5715

Longitude

-121.48

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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