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    2131 16Th St Sacramento, CA 95818

    For Sale
    $2,900,000

    Development site in midtown neighborhood with plans for residential units.

    Lot size:
    0.44 Acres

    Property Features for 2131 16Th St

    General Information

    Lot size
    0.44 Acres

    Source: CBRE | Sacramento Agent Patrick Stelmach

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

    Overview

    Shovel-Ready Midtown Development Site

    This shovel-ready development site is located in a midtown neighborhood. Plans are available for either 60 units or 31 units. The gross site area is 0.44 acres, equivalent to 19,600 square feet. The location offers convenient freeway access and is a high-visibility hard corner. It is within walking distance to retail and restaurants and near amenities.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.4904675
    Latitude
    38.5651261

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    FAQs

    What type of property is this?
    Land - Development site in midtown neighborhood with plans for residential units.
    Where is this land located?
    The property is located at 2131 16Th St Sacramento, CA.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: - Shovel-ready development site with plans for 60 or 31 units.; - High visibility hard corner location in midtown.; - .44 acres / 19,600 SF gross site area.
    (916) 817-9148
    Request Owner's contact information
    2131 16Th St Sacramento, CA 95818
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    Sacramento, CA 95818
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    Realmo Value Estimation

    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.

    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.

    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
    2131 16Th St Sacramento, CA 95818
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