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 Market110
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: Sep 17
Last Checked: Sep 18 at 4:01AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$164,303
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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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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Market
Vacancy Rate% for Office in Sacramento, CA
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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
