2431 Capitol AveSacramento, CA 95816

Property Details for 2431 Capitol Ave

Year built

1966

Construction

WOOD

Lot size

0.09 AC

Property size (Sq ft)

3,400 SF

Zone code

RO-SPD

Property type

Office buildings

APN

007-0161-013-0000

APU

701610130000

Description

This exceptional, 3,400 square foot executive office building is situated on a prominent corner lot in Sacramento's desirable Midtown area at 2431 Capitol Avenue. Built in 1966 and renovated in 2016, this two-story building boasts a striking Mid-Century Modern design, featuring three sides of floor-to-ceiling glass, maximizing natural light. The property includes seven secure, covered parking spaces under the building, accessed via a gated entrance. The interior offers a versatile layout with private offices, a conference room, and open workspace, ideal for a variety of professional uses. The 0.09-acre lot provides ample space and visibility. Currently occupied, the building will be vacant in early 2025, presenting a unique opportunity for ownership in a highly sought-after location. Its central Midtown position offers easy access to numerous restaurants, shops, and other amenities. The permitted zoning is RO-SPD. The APN is 007-0161-013-0000. This is a rare chance to acquire a stand-alone commercial property in a vibrant, walkable neighborhood. The asking price is $1,650,000.

• CAP approach

  CAP return

  Valuation

  6%

  $964,282

  6.5%

  $890,107

  7%

  $826,528

• Comparable approach

  Method

  Valuation

  Relative Method

  $485,452

  Geo Method

  $485,452

• Alternative Use

  Use

  Valuation

  Residential

  $1,103,732

  Hospitality

  $1,011,013

  Educational

  $841,151

  Medical

  $870,079

  Retail

  $1,308,457

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.5719

Longitude

-121.475

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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