Office/Retail/Storage
For Sale
$2,350,000
1001 K St, Sacramento, CA 95814
Renovated office, retail, and storage condo offering updated building systems and flexible mixed-use space in Sacramento.
Property Size10,594 SF
Price / SF$221.82
Days on Market140
Property Features for 1001 K St
General Information
Standard status
Active
Size
10,594 SF
Property subtype
Office
Listing Agency:
Newmark | Sacramento
Listed By:
Rich Ellsworth · License #CalDRE #00873637
(916) 569-2343
Source:
Nmrk
Added: Jun 1
Changed: Oct 15
Last Checked: Oct 16 at 6:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Sacramento
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Investment Insights
Based on property information with market context.
1001 K Street is an office/retail/storage condominium in Downtown Sacramento. The property totals approximately 10,594 RSF and is offered for sale as a mixed-use condominium asset. Building systems have been completely renovated, including new HVAC systems, electrical, plumbing, fire and life-safety components, elevator, and a renovated lobby.
The building’s location is within Downtown Sacramento, supporting day-to-day accessibility for office and retail users and providing an on-site mix of space types that can accommodate different operational needs. The property is presented as a single condominium offering rather than a standalone single-use building.
For tenants, buyers, and operators, the key practical advantage is the combination of office, retail, and storage uses within one condominium structure, paired with the completion of major system upgrades. The renovated elevator, lobby, and life-safety infrastructure can reduce near-term capital concerns associated with aging building components. This configuration may be well suited for an owner-occupant or a buyer seeking a multi-purpose commercial asset with modernized core systems.
The building’s location is within Downtown Sacramento, supporting day-to-day accessibility for office and retail users and providing an on-site mix of space types that can accommodate different operational needs. The property is presented as a single condominium offering rather than a standalone single-use building.
For tenants, buyers, and operators, the key practical advantage is the combination of office, retail, and storage uses within one condominium structure, paired with the completion of major system upgrades. The renovated elevator, lobby, and life-safety infrastructure can reduce near-term capital concerns associated with aging building components. This configuration may be well suited for an owner-occupant or a buyer seeking a multi-purpose commercial asset with modernized core systems.
Key Highlights
- Office/retail/storage condominium in Downtown Sacramento, CA
- Approximately 10,594 RSF total space offered for sale at $2,500,000 ($236/RSF)
- Building systems completely renovated with new HVAC systems, electrical, and plumbing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,303
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,286,060
$3.3M
Cap Rate 7%
$2,347,186
$2.3M
Cap Rate 9%
$1,825,589
$1.8M
Market Conditions
NOI Build-Up for 10,594 SF
Gross rent
$249.2K $23.52/SF
− Vacancy
−$14.5K −$1.36/SF
EGI
$234.7K $22.16/SF
− OpEx
−$70.4K −$6.65/SF
NOI
$164.3K $15.51/SF
Area
Sacramento, CA
Vacancy
5.80%
Lease Rate
$23.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,286,060
Cap Rate 7%
$2,347,186
Cap Rate 9%
$1,825,589
Alternative Uses
Best Use
Retail
$2.35M
$2.05M – $2.74M
NOI $164,303 @ 7.0% cap · market cap 6.99%
Second Best
Office B
$2.06M
$1.80M – $2.41M
NOI $144,335 @ 7.0% cap · market cap 6.14%
Theoretical Best
Specialty Retail
$2.85M
$2.49M – $3.32M
NOI $199,273 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
7,698
Businesses Nearby
Explore this area
Business Placement
Demographics for 95814, CA
12,208
Population
7,972
Households
1.5
Avg Household Size
38
Median Age
40%
College-Educated
90%
High-School Grad
1.4 sq mi
ZIP Area
8,720
Density / Sq Mi
$46,637
Median Household Income
$57,500
Median Earnings
$1,226
Median Rent
$621,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Sacramento, CA
Frequently Asked Questions
What type of property is this?
Office units - Renovated office, retail, and storage condo offering updated building systems and flexible mixed-use space in Sacramento.
Where is this office units located?
The property is located at 1001 K St Sacramento, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Office/retail/storage condominium in Downtown Sacramento, CA; Approximately 10,594 RSF total space offered for sale at $2,500,000 ($236/RSF); Building systems completely renovated with new HVAC systems, electrical, and plumbing
