2101 K StSacramento, CA 95816

Property Details for 2101 K St

Year built

1965

Construction

TILT-UP CONCRETE

Lot size

0.66 AC

Property size (Sq ft)

25,600 SF

Zone code

C-2-SPD

Property type

Office properties

Property subtype

Office buildings

APN

007-0091-010-0000

APU

700910100000

Description

This ±25,600 square foot office building sits on a prime 1.04-acre lot in Sacramento's Midtown neighborhood at the northeast corner of 21st and K Streets. The property, offered at $7,900,000 ($308.59/SF), presents a significant redevelopment opportunity. The single-story building, constructed in 1947 with renovations in 1993 and 2011, features unique barrel truss roofs. Zoned C-2-SPD, it allows for multi-story office, retail, or mixed-use development up to 85 feet. The land itself is valued at $174 per square foot. The location boasts high visibility, with an average daily traffic count of approximately 16,200 vehicles. It's within walking distance of the Capitol, Downtown Commons, and Golden 1 Center, and offers convenient access to public transportation. The property includes 49 parking spaces. This is a rare chance to acquire a substantial site in a thriving, highly sought-after area. The building is currently vacant, providing flexibility for future development plans. Its proximity to the Midtown Arts, Retail & Restaurant Scene adds to its appeal. Easy access to the Capitol City Freeway ensures regional connectivity.

• CAP approach

  CAP return

  Valuation

  6%

  $7,260,478

  6.5%

  $6,701,980

  7%

  $6,223,268

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,655,168

  Geo Method

  $3,655,168

• Alternative Use

  Use

  Valuation

  Residential

  $8,310,456

  Hospitality

  $7,612,332

  Educational

  $6,333,371

  Medical

  $6,551,186

  Retail

  $9,851,911

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.5754

Longitude

-121.478

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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