851 Richards BlvdSacramento, CA 95811

  • Industrial properties
  • 22,320 SF
For Sale
$3,300,000 View listing

Property Details for 851 Richards Blvd

Year built
1946
Construction
TILT-UP CONCRETE
Lot size
1.40 AC
Property size (Sq ft)
22,320 SF
Zone code
C-2-SPD
Property type
Industrial properties
Property subtype
Other warehouses
APN
001-0020-013-0000
APU
100200130000

Description

This exceptional 22,320-square-foot warehouse, situated on a 1.4-acre lot in Sacramento County's vibrant submarket, presents a compelling investment opportunity. Currently, 6,862 square feet is occupied by a single tenant under lease until January 31, 2030, generating approximately $20,000 in monthly revenue. The remaining 15,458 square feet is available for lease or owner-occupancy. The sturdy cinder block building features a split-level design, including a pit area, five drive-in doors (two roll-up, two outside docks), and a small private yard. The property boasts a 13' to 15' ceiling height and ample shared parking. Its strategic location, close to downtown Sacramento and easily accessible from I-60 and I-5 freeways, enhances its appeal. The property is zoned C2-SPD. Financial projections indicate a 5.98% cap rate currently, with potential for a 15% cap rate based on full occupancy and a 12.17% cap rate projected for year two. The asking price is $3,300,000. Detailed information and a brochure are available online. Shared parking is available, with club hours from 6 pm to 4 am.

851 Richards Blvd, Sacramento, California

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.5957
Longitude
-121.488
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
$25,884
$916,731
$986,424
$1,903,155
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