1616 & 1630 I St Sacramento, CA 95814
Two parking garages support approximately 90 vehicles on an Opportunity Zone development site with a vacant office/retail building.
- Added:
- Jul 8, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 11 at 3:14 am
Property Features for 1616 & 1630 I St
General Information
- Standard status
- Active
- Size
- 32,000 SF
- Property subtype
- Retail, Office, Mixed Use, Land, Special Purpose
Building Details
- Year Built
- 1957
Listing office Turton Commercial Real Estate (916) 573-3300
Listing date Jul 8, 2026
Source Crexi
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.
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $752.6k | $23.52 |
| − Vacancy | −$43.7k | −$1.36 |
| EGI | $709.0k | $22.16 |
| − OpEx | −$212.7k | −$6.65 |
| NOI | $496.3k | $15.51 |
