Triple Net Office
New
For Sale
$4,300,000
2114-2116 K Street, Sacramento, CA 95816
Two connected office buildings are paired with a separate parking parcel under one tenant lease.
Property Size9,600 SF
Lot Size0.15 Acres
Price / SF$447.92
Days on Market2
Property Features for 2114-2116 K Street
General Information
Standard status
Active
Size
9,600 SF
Net Rentable
9,600 SF
Total Parking Spaces
30
Lot size
0.15 Acres
Zoning
C-2-SPD
Occupancy
100%
Net Operating Income
$274,346
Financials
Asking Price
$4,300,000
Cap Rate
6.38%
Site & Location
Neighborhood
Midtown / Winn Park / Capital Avenue
Additional Details
Tenant in Place
Yes
Property Use
Office
Parking Facility Type
surface lot
Amenities
Carpet,Luxury Vinyl Plank
9600
Public
0.0
30.0
0.4408
Owner
Exclusive,Offsite
Slab
9600.0
Building Details
Building Size
9,600 SF
Year Built
1970
Buildings
2
Stories
1
Tenancy
Single
Listing Agency:
Ken Turton, Broker
Listed By:
Jon M Lang · License #01934934
(916) 710-0753
Source:
Carlilerealty
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:07AM
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 Ken Turton, Broker
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.
The offering combines 2114 and 2116 K Street, two connected, single-story office buildings totaling 9,600 rentable square feet, with a separate parking parcel at 2119 L Street. The parking lot contains 20 stalls; 10 additional stalls are located behind 2116 K Street. Wilcoxen Callaham, LLP occupies the portfolio under a triple net lease, with the current term running through July 31, 2031. The tenant reimburses ownership for operating expenses and nearly all maintenance and repair costs, in addition to paying base rent, janitorial, and utility expenses. One three-year extension option may extend the lease through July 2034, with 3% annual rent increases.
The properties are in Midtown Sacramento. The parking parcel is across the alley from the office buildings, and the portfolio is two blocks from the MARRS Building, Midtown Farmer's Market, and Temple Coffee at 22K.
The properties are in Midtown Sacramento. The parking parcel is across the alley from the office buildings, and the portfolio is two blocks from the MARRS Building, Midtown Farmer's Market, and Temple Coffee at 22K.
Key Highlights
- Two connected, single‑story office buildings total 9,600 rentable square feet
- Separate 6,400‑square‑foot parking lot at 2119 L Street has 20 stalls
- Additional 10 parking stalls are located behind 2116 K Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,792
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,615,840
$2.6M
Cap Rate 7%
$1,868,457
$1.9M
Cap Rate 9%
$1,453,244
$1.5M
Market Conditions
NOI Build-Up for 9,600 SF
Gross rent
$207.4K $21.60/SF
− Vacancy
−$33.0K −$3.43/SF
EGI
$174.4K $18.17/SF
− OpEx
−$43.6K −$4.54/SF
NOI
$130.8K $13.62/SF
Area
Sacramento, CA
Vacancy
15.90%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,615,840
Cap Rate 7%
$1,868,457
Cap Rate 9%
$1,453,244
Alternative Uses
Best Use
Office B
$1.87M
$1.63M – $2.18M
NOI $130,792 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,576 @ 7.0% cap · market cap 4.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,754
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
Market
Vacancy Rate% for Office in Sacramento, CA
Frequently Asked Questions
What type of property is this?
NNN property - Two connected office buildings are paired with a separate parking parcel under one tenant lease.
Where is this nnn property located?
The property is located at 2114-2116 K Street Sacramento, CA.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Two connected, single‑story office buildings total 9,600 rentable square feet; Separate 6,400‑square‑foot parking lot at 2119 L Street has 20 stalls; Additional 10 parking stalls are located behind 2116 K Street
