Two-Story Office Retail
2724 24th St Sacramento, CA 95818
For Sale
Contact for pricing
Two-story building with open gym on the first floor and office space with skylights and plumbing on the second.
Property Size3,224 SF
Price / SF$201.61
Days on Market192
Property Features for 2724 24th St
General Information
- Standard status
- Active
- Size
- 3,224 SF
- Property subtype
- MULTIFAMILY
Properties For Sale
at 2724 24th St Contact us
Listing Agency:
CBRE | Sacramento
(916) 817-9148
Listed By:
Patrick Stelmach · License #01964999
(916) 817-9148
Source:
Moodyscre
Added: Jan 13
Changed: Jul 23
Last Checked: Jul 23 at 6:30PM
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 CBRE | Sacramento
Investment Insights
Based on property information with market context.
This two-story office/retail building offers a flexible internal layout. The first floor features an open gym area plus a restroom. The second floor provides office space and includes plumbing for a bathroom and kitchen. The interior is designed to bring in daylight through large east-facing windows and skylights. The property has been described as having potential for conversion to apartments.
The building has excellent visibility to 24th Street and 2nd Avenue and is positioned next to Cafe Dantorels and Sierra 2 Center. The surrounding area includes restaurants, employment centers, parks, schools, entertainment, and cultural amenities, supporting a variety of neighborhood-serving uses.
The building has excellent visibility to 24th Street and 2nd Avenue and is positioned next to Cafe Dantorels and Sierra 2 Center. The surrounding area includes restaurants, employment centers, parks, schools, entertainment, and cultural amenities, supporting a variety of neighborhood-serving uses.
Key Highlights
- Two‑story office/retail building in Curtis Park with potential to convert to apartments
- First floor includes an open gym area and a restroom
- Second floor offers office space with skylights and plumbing for a bathroom and kitchen
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.6k | $21.60 |
| − Vacancy | −$11.1k | −$3.43 |
| EGI | $58.6k | $18.17 |
| − OpEx | −$14.6k | −$4.54 |
| NOI | $43.9k | $13.62 |
3,224 SF · lease $21.60/SF/yr · vacancy 15.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$627.5K
$549.1K – $732.1K
NOI $43,924 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$866.3K
$758.0K – $1.01M
NOI $60,643 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ken Perry - State ...
Insurance Agency
Inspired Wellness
Nutritionist
New York Life
Insurance Agency
Similar Off Market Nearby
- Six Harmonies United — 3101 33rd St, Sacramento, CA 95817
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- JET PILATES — 3069 Freeport Blvd, Sacramento, CA 95818
- JET PILATES & total fitness — 3069 Freeport Blvd, Sacramento, CA 95818
- Center Seven — 3101 33rd St, Sacramento, CA 95817
FAQs
What type of property is this?
Fitness center & gym - Two-story building with open gym on the first floor and office space with skylights and plumbing on the second.
Where is this fitness center & gym located?
The property is located at 2724 24th St Sacramento, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two‑story office/retail building in Curtis Park with potential to convert to apartments; First floor includes an open gym area and a restroom; Second floor offers office space with skylights and plumbing for a bathroom and kitchen
