Listing Agency: Turton Commercial Real Estate - Corporate Show Phone

Listed By: Jon Lang · License #01934934 Show Phone

Source: Moodyscre

Added: Mar 16 Changed: Oct 25 Last Checked: Oct 30 at 6:15PM

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Investment Insights

Based on property information with market context.

Turton CRE presents the opportunity to purchase 100% fee simple interest in 2109-2111 J Street, a mixed-use investment property in Sacramento’s Urban Core.

The offering is underwritten using a 5.88% blended capitalization rate based upon existing residential income. The projection includes pro-forma property taxes and NNN reimbursement, as well as pro-forma retail rents, nine months of carry costs, and associated commissions.

The property totals approximately 6,010 square feet and is presented for sale as a 100% interest investment opportunity.

Key Highlights

• Purchase 100% fee‑simple interest in 2109‑2111 J Street, a mixed‑use property in Sacramento’s Urban Core
• Offered for $2,600,000 based on a 5.88% blended capitalization rate on existing residential income
• Pricing includes assumptions for existing residential income inclusive of pro‑forma property taxes and NNN reimbursement

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$94,405

Cap Rate

3.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,888,100 $1.9M

Cap Rate 7%

$1,348,643 $1.3M

Cap Rate 9%

$1,048,944 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,010 SF

Gross rent

$180.3K $30.00/SF

− Vacancy

−$8.7K −$1.44/SF

EGI

$171.6K $28.56/SF

− OpEx

−$77.2K −$12.85/SF

NOI

$94.4K $15.71/SF

Area

Sacramento, CA

Vacancy

4.80%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,888,100

Cap Rate 7%

$1,348,643

Cap Rate 9%

$1,048,944

Alternative Uses

Best Use

Apartment 5plus

$1.35M

$1.18M – $1.57M (±1% cap)

NOI $94,405 @ 7.0% cap · market cap 3.63%

Second Best

Mixed Use

$1.18M

$1.04M – $1.38M (±1% cap)

NOI $82,938 @ 7.0% cap · market cap 3.19%

Theoretical Best

Specialty Retail

$1.61M

$1.41M – $1.88M (±1% cap)

NOI $113,048 @ 7.0% cap · market cap 4.35%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Tanning Salon Pet Grooming Service Clothing & Fashion Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,430

Businesses Nearby

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Fee-simple mixed-use property for sale at 2109-2111 J Street, featuring existing residential income and pro-forma retail rents.

Where is this mixed-use property located?

The property is located at 2109-2111 J St Sacramento, CA.

What is the asking price?

The asking price for this property is $2,600,000.

What are key features of this property?

This property features: Purchase 100% fee‑simple interest in 2109‑2111 J Street, a mixed‑use property in Sacramento’s Urban Core; Offered for $2,600,000 based on a 5.88% blended capitalization rate on existing residential income; Pricing includes assumptions for existing residential income inclusive of pro‑forma property taxes and NNN reimbursement