Historic Craftsman Mixed-Use
For Sale
$549,900
Pending
2022 28th St, Sacramento, CA 95818
The 1912 building combines office-ready rooms, residential-style amenities, flexible basement space, and period architectural details.
Property Size1,327 SF
Days on Market86
Property Features for 2022 28th St
General Information
Standard status
Pending
Size
1,327 SF
Total Parking Spaces
1
Property subtype
Commercial
Additional Details
Highway Access
Yes
Office Units
1
Amenities
original hardwood floors
coved and box-beam ceilings
solid-wood pocket doors
built-in cabinetry
period woodwork
enclosed sunrooms
central heat and air
dual-pane windows
Trex deck
stamped-concrete patio
Building Details
Year Built
1912
Buildings
1
Construction
Craftsman
Listing Agency:
Gonsalves Real Estate Properties
Listed By:
Thomas P. Gonsalves · License #01460204
(916) 905-6163
Source:
Sacramentoareahouses
Added: Jul 19
Changed: Oct 1
Last Checked: Oct 11 at 6:51AM
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 Gonsalves Real Estate Properties
Investment Insights
Based on property information with market context.
Built in 1912, this Craftsman property combines established office functionality with residential-style features and flexible secondary space. The approximately 1,327-square-foot main level includes several private rooms, reception or conference areas, a full bathroom, and a kitchen. Two enclosed sunrooms expand the usable layout, while original hardwood flooring, coved and box-beam ceilings, pocket doors, built-ins, and period millwork add architectural character. The property was previously used as a legal office.
A full basement provides laundry facilities, a kitchenette, and additional areas for storage, work, recreation, or other uses. Central heat and air, dual-pane windows, a newer roof, an attached garage, a Trex deck, and a stamped-concrete patio are also included. The property is near Midtown restaurants, coffee shops, retail, and services, with freeway access serving connections throughout Sacramento. Mixed-use and residential applications are subject to verification of zoning and permitted uses.
A full basement provides laundry facilities, a kitchenette, and additional areas for storage, work, recreation, or other uses. Central heat and air, dual-pane windows, a newer roof, an attached garage, a Trex deck, and a stamped-concrete patio are also included. The property is near Midtown restaurants, coffee shops, retail, and services, with freeway access serving connections throughout Sacramento. Mixed-use and residential applications are subject to verification of zoning and permitted uses.
Key Highlights
- Approximately 1,327 sq. ft. main level with private rooms, reception areas, full bathroom, and kitchen
- 1912 Craftsman with original hardwood floors, coved and box‑beam ceilings, pocket doors, built‑ins, and period woodwork
- Full basement with laundry, kitchenette, and additional storage or workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,313
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,260
$366.3K
Cap Rate 7%
$261,614
$261.6K
Cap Rate 9%
$203,478
$203.5K
Market Conditions
NOI Build-Up for 1,327 SF
Gross rent
$31.8K $24.00/SF
− Vacancy
−$2.5K −$1.92/SF
EGI
$29.3K $22.08/SF
− OpEx
−$11.0K −$8.28/SF
NOI
$18.3K $13.80/SF
Area
Sacramento, CA
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,260
Cap Rate 7%
$261,614
Cap Rate 9%
$203,478
Alternative Uses
Best Use
Mixed Use
$261.6K
$228.9K – $305.2K
NOI $18,313 @ 7.0% cap · market cap 3.33%
Second Best
Office B
$258.3K
$226.0K – $301.3K
NOI $18,079 @ 7.0% cap · market cap 3.29%
Theoretical Best
Specialty Retail
$356.6K
$312.0K – $416.0K
NOI $24,961 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,411
Businesses Nearby
Explore this area
Business Placement
Demographics for 95818, CA
22,375
Population
11,301
Households
2
Avg Household Size
39
Median Age
62%
College-Educated
93%
High-School Grad
3.9 sq mi
ZIP Area
5,737
Density / Sq Mi
$120,509
Median Household Income
$72,803
Median Earnings
$1,650
Median Rent
$768,700
Median Home Value
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Market
Vacancy Rate% for Office in Sacramento, CA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The 1912 building combines office-ready rooms, residential-style amenities, flexible basement space, and period architectural details.
Where is this mixed-use property located?
The property is located at 2022 28th St Sacramento, CA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Approximately 1,327 sq. ft. main level with private rooms, reception areas, full bathroom, and kitchen; 1912 Craftsman with original hardwood floors, coved and box‑beam ceilings, pocket doors, built‑ins, and period woodwork; Full basement with laundry, kitchenette, and additional storage or workspace
