Midtown Mixed-Use Investment
2012 K St Sacramento, CA 95814
2012 K St, Sacramento, CA, 95814
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For Sale
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Mixed-use property in Midtown's vibrant retail and entertainment corridor.
Property Size12,800 SF
Price / SF$257.81
Days on Market811
Property Features for 2012 K St
General Information
- Standard status
- Active
- Size
- 12,800 SF
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 1947
Listing agency
Turton Commercial Real Estate
(916) 573-3309
Listed by
Scott Kingston · License #CA
Source
Crexi
Added: May 2, 2024 Updated: Jul 6 at 7:53AM Checked: Jul 20 at 4:20AM
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
Investment Insights
Based on property information with market context.
Located in the heart of Midtown Sacramento's retail and entertainment corridor, this mixed-use property offers approximately 5,435 square feet of first-floor retail space, including two recently leased suites and one 4,162-square-foot second-generation retail suite. Additionally, there is a 1,273-square-foot warehouse space with a roll-up door providing access to the K Street/L Street alley. The retail spaces benefit from exposure to Midtown's Saturday farmers market. The second story features approximately 6,800 square feet of creative office space, accessible directly from K Street via an exclusive lobby and elevator. This office space includes hardwood floors, outdoor patios, and skylights that provide natural light. This property is located in Midtown, known for its blend of local, national, and regional retailers, eclectic mix of high-end demographic occupations, unique older buildings, and mature trees. The Lavender Heights neighborhood, one block away, features restaurants, art galleries, coffee houses, and boutiques. The property is within walking distance of amenities such as Temple Coffee, N Street Café, Jack's Urban Eats, and the MARRS Building.
Key Highlights
- Prime Midtown location in a vibrant retail and entertainment corridor
- Mixed‑use property with first‑floor retail and second‑story creative office space
- Opportunity for owner‑user or investor
Local Financial Insights For Retail
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 | $301.1k | $23.52 |
| − Vacancy | −$17.5k | −$1.36 |
| EGI | $283.6k | $22.16 |
| − OpEx | −$85.1k | −$6.65 |
| NOI | $198.5k | $15.51 |
12,800 SF · lease $23.52/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.84M
$2.48M – $3.31M
NOI $198,516 @ 7.0% cap · market cap 6.02%
Second Best
Mixed Use
$2.52M
$2.21M – $2.94M
NOI $176,640 @ 7.0% cap · market cap 5.35%
Theoretical Best
Specialty Retail
$3.44M
$3.01M – $4.01M
NOI $240,768 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wise Axe
Nightclub
Axe Midtown
Gym & Fitness Center
Apex Painting & Drywall
Painting
Council of Infill Builders
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property in Midtown's vibrant retail and entertainment corridor.
Where is this mixed-use property located?
The property is located at 2012 K St Sacramento, CA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Prime Midtown location in a vibrant retail and entertainment corridor; Mixed‑use property with first‑floor retail and second‑story creative office space; Opportunity for owner‑user or investor
