Flex Building with Secured
205 23rd St Sacramento, CA 95816
205 23rd St, Sacramento, CA, 95816
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For Sale
Contact for pricing
Flex building offers a large secured yard and flexible zoning for owner-user use in Midtown.
Property Size8,700 SF
Price / SF$220.11
Days on Market15
Property Features for 205 23rd St
General Information
- Standard status
- Active
- Size
- 8,700 SF
- Property subtype
- Office, Industrial
Listing agency
Turton Commercial Real Estate
Listed by
Ian Forner · License #CA 01967116
Source
Crexi
Added: Jul 8 Updated: Jul 21 at 3:39PM Checked: Jul 21 at 3:39PM
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.
This flex building is offered for sale/lease and is well-suited to owner-user operations that need both workspace and outdoor storage. The property includes a large secured yard designed to support active use, along with flexible zoning that can accommodate a range of uses under applicable local regulations. Total building size is approximately 8,700 square feet.
Located in the Boulevard Park neighborhood in Midtown, the property’s setup combines indoor space with a substantial fenced yard area, which can be beneficial for businesses that require controlled access and on-site staging.
The offering is positioned as an owner-user flex opportunity with outdoor capacity and zoning flexibility, supported by the property’s secured yard configuration.
Located in the Boulevard Park neighborhood in Midtown, the property’s setup combines indoor space with a substantial fenced yard area, which can be beneficial for businesses that require controlled access and on-site staging.
The offering is positioned as an owner-user flex opportunity with outdoor capacity and zoning flexibility, supported by the property’s secured yard configuration.
Key Highlights
- Owner‑user flex building available for sale/lease
- Large secured yard included
- Flexible zoning supports a variety of uses in the Boulevard Park neighborhood in Midtown
Local Financial Insights For Flex RnD
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 | $156.6k | $18.00 |
| − Vacancy | −$10.2k | −$1.17 |
| EGI | $146.4k | $16.83 |
| − OpEx | −$51.2k | −$5.89 |
| NOI | $95.2k | $10.94 |
8,700 SF · lease $18.00/SF/yr · vacancy 6.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.36M
$1.19M – $1.59M
NOI $95,174 @ 7.0% cap · market cap 4.97%
Second Best
Industrial
$943.3K
$825.4K – $1.10M
NOI $66,032 @ 7.0% cap · market cap 3.45%
Theoretical Best
Specialty Retail
$2.34M
$2.05M – $2.73M
NOI $163,647 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
GRA Architecture
Architect
JLP Services, Inc
Painting Service
Similar For Sale Nearby
Similar Off Market Nearby
- Lulu's Kitchen — 701 16th St #130, Sacramento, CA 95814
- SactoMoFo Corporate Catering — 204 21st Street, Sacramento, CA 95811
- Graceful Farms & Kitchen — 1501 N C St, Sacramento, CA 95811
- Regina's Catering — 701 16th St #130, Sacramento, CA 95814
FAQs
What type of property is this?
Flex space - Flex building offers a large secured yard and flexible zoning for owner-user use in Midtown.
Where is this flex space located?
The property is located at 205 23rd St Sacramento, CA.
What is the asking price?
The asking price for this property is $1,915,000.
What are key features of this property?
This property features: Owner‑user flex building available for sale/lease; Large secured yard included; Flexible zoning supports a variety of uses in the Boulevard Park neighborhood in Midtown
