Two-Story Mixed-Use
For Sale
$1,050,000
Pending
1700 V Street, Sacramento, CA 95818
Ground-floor convenience retail is combined with three residential units in a fully occupied downtown property.
Property Size3,593 SF
Days on Market367
Property Features for 1700 V Street
General Information
Standard status
Pending
Size
3,593 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
1 x studio, 2 x 2BR/1BA
Multifamily Units
3
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$11,550
Building Details
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
Cornish & Carey Commercial
(916) 569-2385
Listed By:
Kelly Rivett · License #01249433
(916) 569-2385
Source:
Exitrealty
Added: Aug 30, 2025
Changed: Aug 29
Last Checked: Aug 30 at 4:33PM
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 Cornish & Carey Commercial
Investment Insights
Based on property information with market context.
Built in 1900, this 3,593-square-foot, two-story mixed-use building combines a ground-floor convenience store with three apartment units. The residential component includes a 400-square-foot studio on the first floor and two two-bedroom, one-bath flats above. Both upper apartments received substantial remodeling in 2024, including new central heating and air conditioning, dual-pane windows, appliances, fixtures, flooring, interior paint, doors, and hardware.
The property occupies the southeast corner of 17th and V Street in downtown Sacramento. The convenience-store space measures approximately 1,390 square feet, while the current lease is scheduled to expire in January 2027 without renewal options. The studio is leased month to month, and the building is reported as 100% occupied.
The property occupies the southeast corner of 17th and V Street in downtown Sacramento. The convenience-store space measures approximately 1,390 square feet, while the current lease is scheduled to expire in January 2027 without renewal options. The studio is leased month to month, and the building is reported as 100% occupied.
Key Highlights
- 3,593‑square‑foot, two‑story mixed‑use building constructed in 1900
- Ground‑floor convenience store occupies approximately 1,390 square feet
- Three apartments: one 400‑square‑foot studio and two 2‑bedroom/1‑bath flats
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
$67,584
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
6.44%
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%
$1,351,680
$1.4M
Cap Rate 7%
$965,486
$965.5K
Cap Rate 9%
$750,933
$750.9K
Market Conditions
NOI Build-Up for 3,593 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
$94.9K $26.40/SF
− Vacancy
−$4.7K −$1.32/SF
EGI
$90.1K $25.08/SF
− OpEx
−$22.5K −$6.27/SF
NOI
$67.6K $18.81/SF
Area
Sacramento, CA
Vacancy
5.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,351,680
Cap Rate 7%
$965,486
Cap Rate 9%
$750,933
Alternative Uses
Best Use
Specialty Retail
$965.5K
$844.8K – $1.13M
NOI $67,584 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$806.3K
$705.5K – $940.7K
NOI $56,439 @ 7.0% cap · market cap 5.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,097
Businesses Nearby
Explore this area
Business Placement
Demographics for 95818, CA
22,375
Population
11,301
Households
2
Avg Household Size
39
Median Age
62%
College-Educated
93%
High-School Grad
3.9 sq mi
ZIP Area
5,737
Density / Sq Mi
$120,509
Median Household Income
$72,803
Median Earnings
$1,650
Median Rent
$768,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor convenience retail is combined with three residential units in a fully occupied downtown property.
Where is this mixed-use property located?
The property is located at 1700 V Street Sacramento, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 3,593‑square‑foot, two‑story mixed‑use building constructed in 1900; Ground‑floor convenience store occupies approximately 1,390 square feet; Three apartments: one 400‑square‑foot studio and two 2‑bedroom/1‑bath flats
