Two-Story Restaurant and Event
For Sale
Contact for pricing
2523 Broadway, Sacramento, CA 95818
Two separate kitchens, an elevator, dual hood systems, on-site parking, and outdoor patio options support varied operations.
Property Size7,418 SF
Price / SF$269.48
Days on Market282
Property Features for 2523 Broadway
General Information
Standard status
Active
Size
7,418 SF
Property subtype
RETAIL
Listing Agency:
Colliers | Sacramento
(916) 929-5999
Listed By:
David Herrera · License #01484908
(916) 821-9866
Source:
Moodyscre
Added: Jan 6
Changed: Oct 13
Last Checked: Oct 15 at 1:25AM
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 Colliers | Sacramento
Investment Insights
Based on property information with market context.
The 7,418-square-foot property at 2523 Broadway is configured as a second-generation restaurant and event hall across two floors. Both levels include hood systems, while two full, separate kitchens support independent food-service operations. An elevator provides access to the second floor, and the roof has been recently updated.
On-site parking is included, with outdoor patio options adding flexibility for the restaurant and event-hall uses. The first-floor hood is approximately 20 feet, and the second-floor hood is approximately 32 feet.
On-site parking is included, with outdoor patio options adding flexibility for the restaurant and event-hall uses. The first-floor hood is approximately 20 feet, and the second-floor hood is approximately 32 feet.
Key Highlights
- 7,418 square feet configured for restaurant and event‑hall use
- Two full, separate kitchens
- Hood systems on both levels: approximately 20 feet on the first floor and 32 feet on the second
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,533
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,790,660
$2.8M
Cap Rate 7%
$1,993,329
$2.0M
Cap Rate 9%
$1,550,367
$1.6M
Market Conditions
NOI Build-Up for 7,418 SF
Gross rent
$195.8K $26.40/SF
− Vacancy
−$9.8K −$1.32/SF
EGI
$186.0K $25.08/SF
− OpEx
−$46.5K −$6.27/SF
NOI
$139.5K $18.81/SF
Area
Sacramento, CA
Vacancy
5.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,790,660
Cap Rate 7%
$1,993,329
Cap Rate 9%
$1,550,367
Alternative Uses
Best Use
Specialty Retail
$1.99M
$1.74M – $2.33M
NOI $139,533 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,017
Businesses Nearby
113k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 31%
Groceries 13%
McDonald's
Dining
29,482 visits/mo
0.2 miles
Smart & Final
Groceries
14,954 visits/mo
0.2 miles
Taco Bell
Dining
13,554 visits/mo
0.1 miles
ARCO
Shops & Services
9,514 visits/mo
0.4 miles
Bonfare Market
Shops & Services
9,218 visits/mo
0.4 miles
Demographics for 95818, CA
22,375
Population
11,301
Households
2
Avg Household Size
39
Median Age
62%
College-Educated
93%
High-School Grad
3.9 sq mi
ZIP Area
5,737
Density / Sq Mi
$120,509
Median Household Income
$72,803
Median Earnings
$1,650
Median Rent
$768,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Sacramento, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two separate kitchens, an elevator, dual hood systems, on-site parking, and outdoor patio options support varied operations.
Where is this conventional restaurant located?
The property is located at 2523 Broadway Sacramento, CA.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: 7,418 square feet configured for restaurant and event‑hall use; Two full, separate kitchens; Hood systems on both levels: approximately 20 feet on the first floor and 32 feet on the second
