Development Site with Parking
For Sale
Contact for pricing
1630 I Street, Sacramento, CA 95814
Two parking garages support approximately 90 vehicles on an Opportunity Zone development site with a vacant office/retail building.
Property Size32,000 SF
Price / SF$183.59
Days on Market100
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Property Features for 1630 I Street
General Information
Standard status
Active
Size
32,000 SF
Total Parking Spaces
90
Property subtype
Office, Retail, Land, Special Purpose
Zoning
General Commercial (C-2-SPD)
Lease Type
NNN
Investment Type
Value Add
Additional Details
Opportunity Zone
Yes
Building Details
Year Built
1957
Buildings
3
Tenancy
Single
Listing Agency:
Turton Commercial Real Estate
Listed By:
Scott Kingston · License #01485640
(916) 573-3309
Source:
Crexi
Added: Jul 8
Changed: Oct 10
Last Checked: Oct 14 at 10:08PM
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 Turton Commercial Real Estate
Investment Insights
Based on property information with market context.
This Opportunity Zone development site at 1616 & 1630 I St includes two parking garages totaling space for approximately 90 vehicles and a vacant 5,830 SF office/retail building. The building’s flexible layout is described as suitable for a range of uses, providing an opportunity to secure a tenant and begin generating rental income while planning for a larger-scale redevelopment.
The site is positioned in Midtown Sacramento and is described as being on the same block as a highly anticipated grocery development, intended to serve as an anchor for future growth and activity. The offering also states convenient access to major thoroughfares and proximity to Downtown Sacramento.
For investors and developers, the property is presented as a way to pursue income-generating activity tied to parking and leasing, alongside the longer-term redevelopment prospects associated with Opportunity Zone designation.
The site is positioned in Midtown Sacramento and is described as being on the same block as a highly anticipated grocery development, intended to serve as an anchor for future growth and activity. The offering also states convenient access to major thoroughfares and proximity to Downtown Sacramento.
For investors and developers, the property is presented as a way to pursue income-generating activity tied to parking and leasing, alongside the longer-term redevelopment prospects associated with Opportunity Zone designation.
Key Highlights
- 32,000 SF Opportunity Zone development site with income‑producing parking and a vacant office/retail building.
- Two parking garages provide space for approximately 90 vehicles for immediate parking revenue potential.
- Vacant 5,830 SF office/retail building can be leased to start earning rental income before redevelopment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$496,291
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,925,820
$9.9M
Cap Rate 7%
$7,089,871
$7.1M
Cap Rate 9%
$5,514,344
$5.5M
Market Conditions
NOI Build-Up for 32,000 SF
Gross rent
$752.6K $23.52/SF
− Vacancy
−$43.7K −$1.36/SF
EGI
$709.0K $22.16/SF
− OpEx
−$212.7K −$6.65/SF
NOI
$496.3K $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 Rate 5%
$9,925,820
Cap Rate 7%
$7,089,871
Cap Rate 9%
$5,514,344
Alternative Uses
Best Use
Retail
$7.09M
$6.20M – $8.27M
NOI $496,291 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.60M
$7.52M – $10.03M
NOI $601,920 @ 7.0% cap · market cap 10.25%
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
7,067
Businesses Nearby
164k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 29%
Shops & Services 19%
Hotels & Casinos 15%
Groceries 15%
Target
Superstores
24,491 visits/mo
0.1 miles
The Old Spaghetti Factory
Dining
18,385 visits/mo
0.3 miles
BevMo!
Groceries
13,081 visits/mo
0.2 miles
Quality Inn Downtown
Hotels & Casinos
12,790 visits/mo
0.1 miles
Grocery Outlet Bargain Market
Groceries
12,125 visits/mo
0.4 miles
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
Vacancy Rate% for Retail in Sacramento, CA
Frequently Asked Questions
What type of property is this?
Commercial land - Two parking garages support approximately 90 vehicles on an Opportunity Zone development site with a vacant office/retail building.
Where is this commercial land located?
The property is located at 1630 I Street Sacramento, CA.
What is the asking price?
The asking price for this property is $5,875,000.
What are key features of this property?
This property features: 32,000 SF Opportunity Zone development site with income‑producing parking and a vacant office/retail building.; Two parking garages provide space for approximately 90 vehicles for immediate parking revenue potential.; Vacant 5,830 SF office/retail building can be leased to start earning rental income before redevelopment.
