Two-Story Office Retail
For Sale
Contact for pricing
2724 24th St, Sacramento, CA 95818
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 Market284
Property Features for 2724 24th St
General Information
Standard status
Active
Size
3,224 SF
Property subtype
RETAIL
Lease Type
NNN
Site & Location
Neighborhood
Curtis Park
Building Details
Stories
2
Properties For Sale
at 2724 24th St
2724 24th St
AVAILABLE, Now
Floor
1
Size
1,610 SF
Type
RETAIL
Lease Type
NNN
Sublease
No
- 2724 24th Street’s ±1,610 SF ground floor retail space offers the rare opportunity for a restaurant, cafe, wine and beer bar, or boutique retailer to establish a lasting presence in one of Sacramento’s most desirable neighborhoods. A dedicated ground floor restroom services the retail suite.
- The ±600 SF second floor office space is ideal for a small professional services firm, though it may be suitable for therapy or beauty professionals as well. The new addition of the en suite restroom and break area further enhances the usability and overall tenant experience
Contact us
Listing Agency:
Turton Commercial Real Estate - Corporate
(916) 573-3300
Listed By:
Kimio Bazett · License #02152565
(916) 573-3315
Source:
Moodyscre
Added: Jan 13
Changed: Oct 5
Last Checked: Oct 23 at 11:30AM
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 Turton Commercial Real Estate - Corporate
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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
Estimated NOI and Cap Rate
NOI / Yr
$43,924
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$878,480
$878.5K
Cap Rate 7%
$627,486
$627.5K
Cap Rate 9%
$488,044
$488.0K
Market Conditions
NOI Build-Up for 3,224 SF
Gross rent
$69.6K $21.60/SF
− Vacancy
−$11.1K −$3.43/SF
EGI
$58.6K $18.17/SF
− OpEx
−$14.6K −$4.54/SF
NOI
$43.9K $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%
$878,480
Cap Rate 7%
$627,486
Cap Rate 9%
$488,044
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,169
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Sacramento, CA
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Frequently Asked Questions
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
