2724 24th Street Sacramento, CA 95818
Two-story commercial building with office and retail space.
- Added:
- Mar 25, 2026
- Days on Market:
- 109
- Last Refresh:
- Jul 4 at 11:38 pm
Property Features for 2724 24th Street
General Information
- Standard status
- Active
- Size
- 3,224 SF
- Property subtype
- Multifamily
Listing office CBRE - Sacramento (916) 446-8200
Listing date Mar 25, 2026
Source Cbre
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.
Key Highlights
- Residential conversion opportunity in Curtis Park (family‑friendly neighborhood).
- Excellent visibility to 24th Street and 2nd Avenue.
- Potential to convert to apartments.
Local 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 |
