Live-Work Property with Gated
2223 Marconi Avenue, Sacramento, CA 95821
For Sale
$479,000
BP zoning and an active Caretaker Use Permit support residential occupancy alongside business use, subject to permit conditions.
Property Size1,488 SF
Days on Market33
Property Features for 2223 Marconi Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Road Access
Public Transit
Additional Details
Property Use
Building Details
Building Size
Year Built
Buildings
Listing Agency:
1st Choice Realty & Associates
Listed By:
Maria Arredondo Rodriguez
(916) 595-2153
Source:
Teamnavigate
Added: Oct 7
Changed: Nov 7
Last Checked: Nov 7 at 4:30PM
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 1st Choice Realty & Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This live-work property has a residential-style layout with multiple rooms that can serve as private offices or work areas. Interior features include a kitchen, two bathrooms, and separate access. A gated backyard provides additional outdoor space. The building dates to 1948 and was previously used as a real estate office.
The property fronts Marconi Avenue in Sacramento, within an established business corridor. Freeway access, shopping, restaurants, schools, public transportation, and everyday services are nearby.
BP zoning and an active Caretaker Use Permit allow for business activity with residential occupancy, subject to permit requirements. Other business uses may require a Minor Use Permit or additional land-use approvals from Sacramento County.
The property fronts Marconi Avenue in Sacramento, within an established business corridor. Freeway access, shopping, restaurants, schools, public transportation, and everyday services are nearby.
BP zoning and an active Caretaker Use Permit allow for business activity with residential occupancy, subject to permit requirements. Other business uses may require a Minor Use Permit or additional land-use approvals from Sacramento County.
Key Highlights
- BP zoning with an active Caretaker Use Permit
- Multiple rooms adaptable as private offices or work areas
- Kitchen, two bathrooms, and separate access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,534
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,680
$410.7K
Cap Rate 7%
$293,343
$293.3K
Cap Rate 9%
$228,156
$228.2K
Market Conditions
NOI Build-Up for 1,488 SF
Gross rent
$35.7K $24.00/SF
− Vacancy
−$2.9K −$1.92/SF
EGI
$32.9K $22.08/SF
− OpEx
−$12.3K −$8.28/SF
NOI
$20.5K $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%
$410,680
Cap Rate 7%
$293,343
Cap Rate 9%
$228,156
Alternative Uses
Best Use
Mixed Use
$293.3K
$256.7K – $342.2K
NOI $20,534 @ 7.0% cap · market cap 4.29%
Second Best
Office B
$289.6K
$253.4K – $337.9K
NOI $20,273 @ 7.0% cap · market cap 4.23%
Theoretical Best
Specialty Retail
$399.8K
$349.9K – $466.5K
NOI $27,989 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
847
Businesses Nearby
Explore this area
Business Placement
Demographics for 95821, CA
39,310
Population
16,403
Households
2.4
Avg Household Size
37
Median Age
28%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
5,537
Density / Sq Mi
$58,331
Median Household Income
$41,630
Median Earnings
$1,342
Median Rent
$470,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Sacramento, CA
Frequently Asked Questions
What type of property is this?
Live-work space - BP zoning and an active Caretaker Use Permit support residential occupancy alongside business use, subject to permit conditions.
Where is this live-work space located?
The property is located at 2223 Marconi Avenue Sacramento, CA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: BP zoning with an active Caretaker Use Permit; Multiple rooms adaptable as private offices or work areas; Kitchen, two bathrooms, and separate access
