Flex Space with Roll-Up
For Sale
Contact for pricing
1907 S St, Sacramento, CA 95811
Tilt-up flex property with warehouse, showroom, mezzanine, and rear-yard functionality in an urban infill setting.
Property Size13,220 SF
Lot Size0.29 Acres
Price / SF$143.34
Days on Market185
Property Features for 1907 S St
General Information
Standard status
Active
Size
13,220 SF
Lot size
0.29 Acres
Property subtype
Industrial, Mixed Use, Multifamily, Retail
Zoning
C-2 SPD
Investment Type
Owner/User
Warehouse & Industrial
Mezzanine
3,040 SF
Power
400 amps
Three-Phase Power
Yes
Sprinkler System
Yes
Building Details
Year Built
1965
Buildings
2
Construction
tilt-up concrete
Listing Agency:
JACKS Commercial Real Estate - Sacramento
(916) 837-3456
Listed By:
Brian Jacks · License #CA 01217349
Source:
Crexi
Added: Feb 27
Changed: Aug 30
Last Checked: Aug 30 at 6:27PM
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 JACKS Commercial Real Estate - Sacramento
Investment Insights
Based on property information with market context.
This flex property comprises ±9,480 SF of tilt-up concrete improvements on a 0.29-acre C-2 SPD-zoned parcel. The configuration includes approximately ±3,040 SF of mezzanine area and a separate ±700 SF outside storage building. Functional features include more than 15 ft clear height, two 10’ x 12’ roll-up doors, LED warehouse lighting, fire sprinklers, four private restroom rooms, and HVAC serving the mezzanine. The building has 400 amps of 3-phase power at 120/208V and 120/240V, while the flat foam-insulated roof was last resurfaced in 2021.
A ±2,620 SF paved rear yard is accessed from the alley and supports on-site parking, loading, and outdoor operational use. The property is in Midtown Sacramento near Safeway, the Ice Blocks and R Street Corridor, and the 23rd & R Street light rail station, approximately six blocks away. Downtown Sacramento and central-city attractions are also nearby.
A ±2,620 SF paved rear yard is accessed from the alley and supports on-site parking, loading, and outdoor operational use. The property is in Midtown Sacramento near Safeway, the Ice Blocks and R Street Corridor, and the 23rd & R Street light rail station, approximately six blocks away. Downtown Sacramento and central-city attractions are also nearby.
Key Highlights
- ±9,480 SF tilt‑up concrete improvements on a 0.29‑acre parcel
- C‑2 SPD zoning with ±3,040 SF mezzanine and ±700 SF outside storage building
- 15+ ft clear height with two (2) 10’ x 12’ roll‑up doors
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
$144,620
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
7.63%
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%
$2,892,400
$2.9M
Cap Rate 7%
$2,066,000
$2.1M
Cap Rate 9%
$1,606,889
$1.6M
Market Conditions
NOI Build-Up for 13,220 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
$238.0K $18.00/SF
− Vacancy
−$15.5K −$1.17/SF
EGI
$222.5K $16.83/SF
− OpEx
−$77.9K −$5.89/SF
NOI
$144.6K $10.94/SF
Area
Sacramento, CA
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$2,892,400
Cap Rate 7%
$2,066,000
Cap Rate 9%
$1,606,889
Alternative Uses
Best Use
Flex RnD
$2.07M
$1.81M – $2.41M
NOI $144,620 @ 7.0% cap · market cap 7.63%
Second Best
Warehouse
$1.45M
$1.27M – $1.69M
NOI $101,511 @ 7.0% cap · market cap 5.36%
Theoretical Best
Specialty Retail
$3.55M
$3.11M – $4.14M
NOI $248,668 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
3,962
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in Sacramento, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Indian Curries & Rolls (Takeout, Delivery & Catering) — 1829 22nd St K18, Sacramento, CA 95816
- Gold Rush Grille — Secretary of State Building, 1500 11th St, Sacramento, CA 95814
- Crisp Catering — 1500 11th St, Sacramento, CA 95814
- Chardennay’s Treat Factory — 1106 n Dst suite 16, Sacramento, CA 95814
- Bar Baby Co. — 1200 L St, Sacramento, CA 95814
Frequently Asked Questions
What type of property is this?
Flex space - Tilt-up flex property with warehouse, showroom, mezzanine, and rear-yard functionality in an urban infill setting.
Where is this flex space located?
The property is located at 1907 S St Sacramento, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: ±9,480 SF tilt‑up concrete improvements on a 0.29‑acre parcel; C‑2 SPD zoning with ±3,040 SF mezzanine and ±700 SF outside storage building; 15+ ft clear height with two (2) 10’ x 12’ roll‑up doors
