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    1020 16Th St Sacramento, CA 95814

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    For Lease
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    Prime retail/restaurant space in a vibrant mixed-use building.

    Property size:
    1,892 SF
    Lot size:
    0.24 Acres

    Property Features for 1020 16Th St

    General Information

    Size
    1,892 SF
    Lot size
    0.24 Acres

    We can help!

    Listing Contact
    Jack Scurfield
    Source: Moodyscre

    Listing Agent: Jack Scurfield

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Midtown Retail/Restaurant Space Available

    Located at 1020 16th Street, also known as O1 Lofts Midtown, this property is a 3-story mid-rise mixed-use project. It features 14 light-filled lofts with open floor plans, expansive windows, and balconies ranging from approximately 638 to 1,088 square feet, along with over 7,000 square feet of retail space. O1 Lofts Midtown serves as a connection between 16th Street, downtown, and midtown, fostering a vibrant lifestyle in Sacramento’s walkable mixed-use neighborhood. The building is situated in a pedestrian-friendly area with high visibility on both 16th Street and K Street, surrounded by surface and structured parking. The property's modern design reflects the contemporary character of Sacramento's mixed-use buildings in downtown and midtown, featuring a neutral material palette, expansive windows, abundant natural light, and high ceilings. The available space is approximately 1,892 square feet and is configured as a 2nd generation retail/restaurant space. It includes high-end improvements, a restroom, hood, HVAC, grease-trap, and a 225 amp electrical panel, making it ready for a retail tenant.
    Location Intelligence

    Current Use by Public Records

    Green Grill Restaurant Brightwell Strategies Marketing & Advertising Ron Air Duc't ... HVAC Service O1 Lofts Apartment Building Discount Tire Repair ... General Contractor

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.485377
    Latitude
    38.577895

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    FAQs

    What type of property is this?
    Retail space - Prime retail/restaurant space in a vibrant mixed-use building.
    Where is this retail space located?
    The property is located at 1020 16Th St Sacramento, CA.
    What are key features of this property?
    This property features: - ± 1,892 sq ft 2nd generation retail/restaurant space with high-end improvements; - Ready-to-go retail space includes restroom, hood, HVAC, grease-trap, and 225 amp electrical panel; - Located in O1 Lofts Midtown, an iconic mixed-use project
    (916) 573-3300 Call to check price and availability
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    1020 16Th St Sacramento, CA 95814
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1020 16Th St Sacramento, CA 95814
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    Contact for Pricing
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    Jack Scurfield
    (916) 573-3300 (916) 573-3316
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