Single-Tenant Bar
1815 10th St, Sacramento, CA 95811
For Sale
New
$850,000
The existing bar is occupied under a month-to-month modified lease.
Property Size1,950 SF
Lot Size0.14 Acres
Price / SF$435.90
Days on Market2
Property Features for 1815 10th St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Lease Type
Site & Location
Neighborhood
Additional Details
Cap Rate
Tenant in Place
Amenities
Historic R Street Corridor Location (Historic Brick Warehouses Repurposed for Modern Commercial Uses)
Located Immediately South of the Traditional Downtown Core
Established Dining and Entertainment Destination
Immediate Access to Sacramento Regional Transit Light Rail Service
Redevelopment Opportunity and/or Investment Opportunity
Currently on Month-To-Month Lease with Elixir Bar & Nightclub
Building Details
Building Size
Tenancy
Listing Agency:
Marcus & Millichap | Sacramento
Listed By:
Wyatt Figueroa · License #License(s): CA: 02071851
(916) 724-1362
Source:
Marcusmillichap
Added: Nov 8
Last Checked: Nov 8 at 6:08PM
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 Marcus & Millichap | Sacramento
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Investment Insights
Based on property information with market context.
This 1,950-square-foot bar occupies approximately 0.14 acres and is leased to Elixir Bar & Grill under a month-to-month modified lease. The property is designated Residential Mixed Use (RMX) with a Special Planning District (SPD) overlay. Continued bar use and future redevelopment are identified as possibilities, subject to applicable zoning, planning, historic preservation, and building requirements.
The site is at 10th and R Streets in Sacramento’s Historic R Street Corridor, near Midtown, the California State Capitol, and downtown employment centers. The surrounding corridor includes restaurants, bars, cultural destinations, and projects involving residential development and adaptive reuse.
The site is at 10th and R Streets in Sacramento’s Historic R Street Corridor, near Midtown, the California State Capitol, and downtown employment centers. The surrounding corridor includes restaurants, bars, cultural destinations, and projects involving residential development and adaptive reuse.
Key Highlights
- 1,950‑square‑foot bar on approximately 0.14 acres
- Leased to Elixir Bar & Grill on a month‑to‑month modified lease
- Zoned Residential Mixed Use (RMX) with a Special Planning District (SPD) designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,680
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,600
$733.6K
Cap Rate 7%
$524,000
$524.0K
Cap Rate 9%
$407,556
$407.6K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$51.5K $26.40/SF
− Vacancy
−$2.6K −$1.32/SF
EGI
$48.9K $25.08/SF
− OpEx
−$12.2K −$6.27/SF
NOI
$36.7K $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 Rate 5%
$733,600
Cap Rate 7%
$524,000
Cap Rate 9%
$407,556
Alternative Uses
Best Use
Specialty Retail
$524.0K
$458.5K – $611.3K
NOI $36,680 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,129
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Beauty & Spa 100%
European Wax Center
Beauty & Spa
1,593 visits/mo
0.4 miles
Demographics for 95811, CA
12,463
Population
5,085
Households
2.5
Avg Household Size
37
Median Age
54%
College-Educated
93%
High-School Grad
2.3 sq mi
ZIP Area
5,419
Density / Sq Mi
$77,760
Median Household Income
$59,641
Median Earnings
$1,564
Median Rent
$707,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Sacramento, CA
Similar Off Market Nearby
- Starbucks — 2505 Riverside Blvd, Sacramento, CA 95818
- Joe Marty's — 1500 broadway, sacramento, ca 95818
- Bombay Bar & Grill — 1627 Broadway, Sacramento, CA 95818
- Jamie's Broadway Grille — 427 Broadway, Sacramento, CA 95818
- Hatuey Cigars — 2201 16th St, Sacramento, CA 95818
Frequently Asked Questions
What type of property is this?
Bar & Pub - The existing bar is occupied under a month-to-month modified lease.
Where is this bar & pub located?
The property is located at 1815 10th St Sacramento, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1,950‑square‑foot bar on approximately 0.14 acres; Leased to Elixir Bar & Grill on a month‑to‑month modified lease; Zoned Residential Mixed Use (RMX) with a Special Planning District (SPD) designation
