Sacramento Converted Residence Office
For Sale
$685,000
1823 11th Street, Sacramento, CA 95811
Converted residence office building near California State Capitol.
Property Size1,792 SF
Price / SF$382.25
Days on Market402
Property Features for 1823 11th Street
General Information
Standard status
Active
Size
1,792 SF
Class
C
Property subtype
Office
Zoning
RMX-SPD
Site & Location
Neighborhood
Richmond Grove
Building Details
Building Size
1,792 SF
Year Built
1901
Listing Agency:
RE/MAX
Listed By:
Greg Diodati, CCIM · License ##00831160
(916) 218-7490
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Oct 26
Last Checked: Oct 30 at 10:27AM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,415
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,300
$488.3K
Cap Rate 7%
$348,786
$348.8K
Cap Rate 9%
$271,278
$271.3K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$38.7K $21.60/SF
− Vacancy
−$6.2K −$3.43/SF
EGI
$32.6K $18.17/SF
− OpEx
−$8.1K −$4.54/SF
NOI
$24.4K $13.62/SF
Area
Sacramento, CA
Vacancy
15.90%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,300
Cap Rate 7%
$348,786
Cap Rate 9%
$271,278
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,256
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Sacramento, CA
Frequently Asked Questions
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.
