Mixed-Use Office and Residential
1019-1023 H Street, Sacramento, CA 95814
For Sale
$3,995,000
Downtown Sacramento mixed-use building with ground-floor office suites and residential units at 1019–1023 H Street.
Property Size18,421 SF
Days on Market112
Property Features for 1019-1023 H Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Units
Listing Agency:
ALIVE Commercial Real Estate
Listed By:
Spencer Moyer · License CA #01940191
Source:
Commercialcafe
Added: Jul 26
Changed: Nov 9
Last Checked: Nov 14 at 2:22AM
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 ALIVE Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Wetzlar Square is a mixed-use property offering ground-floor office suites and residential units at 1019–1023 H Street. The office component is designed for visibility and accessibility, with proximity to downtown government and professional offices.
The property is positioned in the heart of Downtown Sacramento within walking distance of the California State Capitol, Sacramento City Hall, the U.S. District Court, county offices, and numerous state agency headquarters. This area concentration supports sustained demand from government, legal, and professional employment in the downtown core.
The mixed-use configuration provides multiple sources of demand tied to both office and residential occupancy within a walkable downtown environment.
The property is positioned in the heart of Downtown Sacramento within walking distance of the California State Capitol, Sacramento City Hall, the U.S. District Court, county offices, and numerous state agency headquarters. This area concentration supports sustained demand from government, legal, and professional employment in the downtown core.
The mixed-use configuration provides multiple sources of demand tied to both office and residential occupancy within a walkable downtown environment.
Key Highlights
- Downtown Sacramento mixed‑use building at 1019–1023 H Street
- Mixed‑use setup with ground‑floor office suites plus residential units
- Walking distance to the California State Capitol, Sacramento City Hall, and U.S. District Court
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$289,357
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,787,140
$5.8M
Cap Rate 7%
$4,133,671
$4.1M
Cap Rate 9%
$3,215,078
$3.2M
Market Conditions
NOI Build-Up for 18,421 SF
Gross rent
$552.6K $30.00/SF
− Vacancy
−$26.5K −$1.44/SF
EGI
$526.1K $28.56/SF
− OpEx
−$236.7K −$12.85/SF
NOI
$289.4K $15.71/SF
Area
Sacramento, CA
Vacancy
4.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,787,140
Cap Rate 7%
$4,133,671
Cap Rate 9%
$3,215,078
Alternative Uses
Best Use
Apartment 5plus
$4.13M
$3.62M – $4.82M
NOI $289,357 @ 7.0% cap · market cap 7.24%
Second Best
Office B
$3.59M
$3.14M – $4.18M
NOI $250,971 @ 7.0% cap · market cap 6.28%
Theoretical Best
Specialty Retail
$4.95M
$4.33M – $5.77M
NOI $346,499 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,335
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
$621,400
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Sacramento, CA
Properties on Market for Multifamily properties in Sacramento
Vacancy Rate% for Office in Sacramento, CA
Frequently Asked Questions
What type of property is this?
Multifamily property - Downtown Sacramento mixed-use building with ground-floor office suites and residential units at 1019–1023 H Street.
Where is this multifamily property located?
The property is located at 1019-1023 H Street Sacramento, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Downtown Sacramento mixed‑use building at 1019–1023 H Street; Mixed‑use setup with ground‑floor office suites plus residential units; Walking distance to the California State Capitol, Sacramento City Hall, and U.S. District Court
