Flex Building with Secured
For Sale
Contact for pricing
205 23rd St, Sacramento, CA 95816
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 Market106
Property Features for 205 23rd St
General Information
Standard status
Active
Size
8,700 SF
Property subtype
Office, Industrial
Zoning
Flexible
Lease Type
Modified Gross
Investment Type
Owner/User
Additional Details
Outdoor Storage
Yes
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Turton Commercial Real Estate
Listed By:
Ian Forner · License #CA 01967116
(916) 573-3314
Source:
Crexi
Added: Jul 8
Changed: Oct 11
Last Checked: Oct 20 at 8:59PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,174
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,903,480
$1.9M
Cap Rate 7%
$1,359,629
$1.4M
Cap Rate 9%
$1,057,489
$1.1M
Market Conditions
NOI Build-Up for 8,700 SF
Gross rent
$156.6K $18.00/SF
− Vacancy
−$10.2K −$1.17/SF
EGI
$146.4K $16.83/SF
− OpEx
−$51.2K −$5.89/SF
NOI
$95.2K $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 Rate 5%
$1,903,480
Cap Rate 7%
$1,359,629
Cap Rate 9%
$1,057,489
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,657
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 95816, CA
18,606
Population
11,553
Households
1.6
Avg Household Size
36
Median Age
65%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
6,891
Density / Sq Mi
$90,521
Median Household Income
$61,407
Median Earnings
$1,647
Median Rent
$789,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Sacramento, CA
Similar Off Market Nearby
- Lulu's Kitchen — 701 16th St #130, Sacramento, CA 95814
- Regina's Catering — 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
Frequently Asked Questions
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
