1801 K StSacramento, CA 95811

Property Details for 1801 K St

Year built

1981

Construction

TILT-UP CONCRETE

Lot size

0.29 AC

Property size (Sq ft)

19,738 SF

Zone code

C-2-SPD

Property type

Office buildings

APN

007-0081-019-0000

APU

700810190000

Description

This exceptional investment opportunity presents a fully-leased, executive office building located in Sacramento's desirable Midtown area at 1801 K Street. The property boasts 19,738 square feet of total space, with 17,746 square feet of net rentable area, currently commanding a price per square foot of $197. Built in 1982 and extensively renovated in 2021, this two-story building offers a modern and efficient workspace. The property features 11 parking spaces and sits on a 0.29-acre lot. The asking price is $3,500,000, representing a compelling 7.45% capitalization rate based on a Net Operating Income (NOI) of $260,653. The property is zoned C2-SPD, ensuring flexibility for future use. This is a rare chance to acquire a high-performing asset in a prime Sacramento location. The building's strong tenancy and excellent location make it an ideal investment for discerning buyers seeking a stable and appreciating asset. The property's recent renovation ensures modern amenities and efficient operations, minimizing future capital expenditures. Its central location provides easy access to major transportation routes, amenities, and a thriving business community. The strong NOI and high cap rate make this a truly attractive investment opportunity. The Assessor's Parcel Number (APN) is 007-0081-019-0000.

• CAP approach

  CAP return

  Valuation

  6%

  $5,597,942

  6.5%

  $5,167,332

  7%

  $4,798,236

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,818,192

  Geo Method

  $2,818,192

• Alternative Use

  Use

  Valuation

  Residential

  $6,407,491

  Hospitality

  $5,869,227

  Educational

  $4,883,128

  Medical

  $5,051,066

  Retail

  $7,595,977

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.5765

Longitude

-121.483

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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