Sacramento Converted Residence Office
1823 11th Street Sacramento, CA 95811
1823 11th Street, Sacramento, CA, 95811
$685,000
For Sale
$685,000
Converted residence office building near California State Capitol.
Property Size1,792 SF
Price / SF$382.25
Days on Market296
Property Features for 1823 11th Street
General Information
- Standard status
- Active
- Size
- 1,792 SF
- Property subtype
- Office
Building Details
- Year Built
- 1901
Listing Agency
RE/MAX
(916) 218-7490
Listed by
Greg Diodati, CCIM · License ##00831160
(916) 218-7490
Source
Remaxcommercial
Added: Sep 25, 2025 Checked: Jul 17 at 2:15 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 RE/MAX
Investment Insights
Based on property information with market context.
Located in Sacramento, CA, the property at 1823 11th Street is a converted residence currently utilized as an office building. The building, constructed in 1901, is recognized as a contributing structure in Sacramento's historic register. The location provides access to amenities and conveniences. Situated blocks away from the California State Capitol, the building is suitable for businesses and organizations that engage with state government agencies. Public transportation is readily available, with the Cathedral Square light rail station nearby, offering access to the Blue Line of the Sacramento Regional Transit District. Several bus routes also operate in the vicinity, facilitating commutes for employees and clients. The property is a single-tenant building with a size of 1792 square feet.
Key Highlights
- Prime Location: In the heart of Sacramento, offering a range of amenities.
- Proximity to Government: Just blocks from the California State Capitol.
- Excellent Public Transportation: Close to the Cathedral Square light rail station (Blue Line) and multiple bus routes.
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 | $38.7k | $21.60 |
| − Vacancy | −$6.2k | −$3.43 |
| EGI | $32.6k | $18.17 |
| − OpEx | −$8.1k | −$4.54 |
| NOI | $24.4k | $13.62 |
1,792 SF · lease $21.60/SF/yr · vacancy 15.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$348.8K
$305.2K – $406.9K
NOI $24,415 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$481.5K
$421.4K – $561.8K
NOI $33,708 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Faccc
Charitable Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Converted residence office building near California State Capitol.
Where is this office building located?
The property is located at 1823 11th Street Sacramento, CA.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Prime Location: In the heart of Sacramento, offering a range of amenities.; Proximity to Government: Just blocks from the California State Capitol.; Excellent Public Transportation: Close to the Cathedral Square light rail station (Blue Line) and multiple bus routes.
