Fully Leased Midtown Investment
1801 K St Sacramento, CA
1801 K St, Sacramento, CA, 00000
Contact for pricing
For Sale
Contact for pricing
Long-term, fully-leased investment in the heart of Midtown.
Property Size19,738 SF
Lot Size0.31 Acres
Price / SF$177.32
Days on Market705
Property Features for 1801 K St
General Information
- Standard status
- Active
- Size
- 19,738 SF
- Lot size
- 0.31 Acres
- Property subtype
- OFFICE
Listing Agency
Turton Commercial Real Estate - Corporate
(916) 573-3300
Listed by
Ken Turton · License #01219637
Source
Moodyscre
Added: Aug 12, 2024 Checked: Jul 17 at 3:42 am
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 - Corporate
Investment Insights
Based on property information with market context.
This property offers the opportunity to own a fully-leased investment in a central Midtown location. The property is offered with income in place, representing a 6.57% capitalization rate on year one net operating income of $256,028, inclusive of proforma property taxes. The tenant has rent escalations of 3% every two years. The property features approximately 11 secured parking spaces, including an electric vehicle charging station. At the last lease renewal, the tenant spent $200,000 on updates to their space to accommodate their occupancy. The property features a new TPO membrane roof, installed in 2023. The property is located near restaurants, cafes, bars and entertainment venues.
Key Highlights
- Fully‑leased investment property in a prime midtown location.
- Strong 6.57% capitalization rate on year one net operating income.
- Tenant recently invested $200,000 in space updates, indicating long‑term commitment.
Local Financial Insights For Office B
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 | $426.3k | $21.60 |
| − Vacancy | −$67.8k | −$3.43 |
| EGI | $358.6k | $18.17 |
| − OpEx | −$89.6k | −$4.54 |
| NOI | $268.9k | $13.62 |
19,738 SF · lease $21.60/SF/yr · vacancy 15.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.84M
$3.36M – $4.48M
NOI $268,914 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.30M
$4.64M – $6.19M
NOI $371,272 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Long-term, fully-leased investment in the heart of Midtown.
Where is this office building located?
The property is located at 1801 K St Sacramento, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Fully‑leased investment property in a prime midtown location.; Strong 6.57% capitalization rate on year one net operating income.; Tenant recently invested $200,000 in space updates, indicating long‑term commitment.
