Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2724 24Th Street Byp Sacramento, CA 95818

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $650,000

    Two-story commercial building with office and retail space.

    Property size:
    3,224 SF

    Property Features for 2724 24Th Street Byp

    General Information

    Standard status
    Active
    Size
    3,224 SF

    We can help!

    Listing Contact
    Patrick Stelmach
    Patrick Stelmach
    Source: Cbre

    Listing Agency: CBRE | Sacramento Listing Agent: Patrick Stelmach

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

    Learn more

    Overview

    Two-Story Commercial Building in Curtis Park

    This two-story commercial building in Curtis Park offers approximately 3,224 square feet of space, with 1,610 square feet on the first floor and 1,614 square feet on the second floor. The first floor features an open gym area and restroom, currently occupied by a holistic wellness center offering private training, yoga, and weight loss programs. The second floor is vacant office space, containing four private offices, an open work area, two storage rooms, and a server room, with plumbing for a bathroom and kitchen. The building benefits from excellent visibility on 24th Street and 2nd Avenue, thoroughfares connecting Curtis Park to Land Park, Oak Park, Midtown, Downtown, and East Sacramento. Large east-facing windows and skylights provide ample natural light. The property is located near Cafe Dantorels and Sierra 2 Center, with close proximity to restaurants, amenities, employment centers, parks, schools, entertainment, bike trails, and shopping. It also offers easy access to Hwy 50, Hwy 99, I-80, and I-5. There is potential for residential conversion in Curtis Park.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.48449
    Latitude
    38.492932

    Nearby Similar for Sale

    • $739,888
      2,782 SF

      Sacramento Multi-Family Investment Opportunity

      Multi-family property with 6 bedrooms, 3 baths, and 3 kitchens.
      3135 Academy Way, Sacramento, CA 95815
      View Details
    • $875,000
      3,008 SF

      North Oak Park Fourplex Opportunity

      Fourplex in North Oak Park, Sacramento, with strong rental potential.
      3208 2Nd Ave, Sacramento, CA 95817
      View Details
    • $165,000
      329 SF

      Downtown Sacramento Ground-Floor Office Condo

      Rare ground-floor office condo in Downtown Sacramento with private parking.
      500 N St, Sacramento, CA 95814
      View Details
    • $850,000
      2,555 SF

      Historic Victorian Office Building

      Historic Sacramento office building, potential for residence or multifamily conversion.
      2200 L St, Sacramento, CA 95816
      View Details
    • $645,000
      2,084 SF

      Historic Midtown Sacramento Duplex

      Charming 1918 duplex in vibrant Midtown Sacramento.
      1922 25Th St, Sacramento, CA 95816
      View Details
    • $600,000

      Mixed-Use Office/Art Studio Building

      Mixed-use office/art studio building in Sacramento, California.
      4330 24Th St, Sacramento, CA 95822
      View Details
    • $1,500,000

      Sacramento Flex Space For Sale

      9,970 SF flex space in South Sacramento.
      169 Otto Cir, Sacramento, CA 95822
      View Details
    • $1,600,000

      Mixed-Use Building in Sacramento

      Mixed-use office/light manufacturing building in Sacramento for sale.
      4331 Attawa Ave, Sacramento, CA 95822
      View Details
    • $1,050,000
      3,901 SF

      Historic Office Building For Sale

      Historic office building in downtown Sacramento with indoor/outdoor space.
      915 11Th St, Sacramento, CA 95814
      View Details
    • $699,000

      Multifamily Property in North Sacramento

      Six bedrooms, three baths, three kitchens, and three laundry facilities.
      3135 Academy Way, Sacramento, CA 95815
      View Details
    • $1,895,000
      10,300 SF

      East Sacramento Corner Retail Space

      Retail space in East Sacramento with freeway access.
      3001 L St, Sacramento, CA 95816
      View Details
    • $490,000

      Commercial Building on Stockton Boulevard

      Commercial building with business potential in Sacramento, CA.
      6001 Stockton Blvd, Sacramento, CA 95824
      View Details

    FAQs

    What type of property is this?
    Office units - Two-story commercial building with office and retail space.
    Where is this office units located?
    The property is located at 2724 24Th Street Byp Sacramento, CA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Residential conversion opportunity in Curtis Park (family-friendly neighborhood).; - Excellent visibility to 24th Street and 2nd Avenue.; - Potential to convert to apartments.
    (916) 817-9148
    Request Owner's contact information
    2724 24Th Street Byp Sacramento, CA 95818
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2724 24Th Street Byp
    Sacramento, CA 95818
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2724 24Th Street Byp Sacramento, CA 95818
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Patrick Stelmach
    Patrick Stelmach
    Real Estate License ID: 01964999
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!