West Sacramento Multifamily
For Sale
Contact for pricing
301 D St, West Sacramento, CA 95605
Newly constructed multifamily property in West Sacramento's Broderick District.
Property Size36,616 SF
Price / SF$327.59
Days on Market153
Property Features for 301 D St
General Information
Standard status
Active
Size
36,616 SF
Property subtype
Multifamily
Zoning
C-2
Net Operating Income
$629,201
Building Details
Year Built
2023
Buildings
1
Units
40
Listing Agency:
Colliers - Sacramento, California
(916) 830-2584
Listed By:
Trevor Meleski · License #02245229
Source:
Crexi
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 9 at 9:37AM
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, California
Investment Insights
Based on property information with market context.
This newly constructed multifamily asset, built in 2023, is located at 301 D Street in West Sacramento, CA. The property features modern loft-style and apartment units designed to align with current renter preferences. The building offers controlled access, elevator service, high ceilings, private patios, and a shared roof terrace. Unit interiors are finished with stainless steel appliances, quartz countertops, durable vinyl flooring, central heating and air conditioning, in-unit washers and dryers, and high-speed internet capability. The property is located in the Broderick District of West Sacramento, an established submarket benefiting from ongoing redevelopment, public investment, and infrastructure improvements. The neighborhood offers a balanced mix of residential and commercial uses, proximity to local services, parks, and river access, and a distinct historical identity rooted in the early development of the Sacramento region and the Gold Rush era. Connectivity continues to improve with the modernization of the nearby I Street Bridge, linking West Sacramento directly to downtown Sacramento. The property is situated directly across the street from the riverfront and near the California State Teachers’ Retirement System (CalSTRS) Building. Nearby amenities include Raley’s Grocery and Corporate Office, Rite Aid, and a variety of local and national dining options. The property is well positioned for commuters with immediate access to Interstate 80 and Interstate 5, offering efficient access throughout the Sacramento metropolitan area and direct regional throughfares to the Bay Area, South Lake Tahoe, Stockton, and Yuba City. River Walk Park is located under half a mile away, while Sutter Health Park is less than one mile from the property. Old Sacramento State Historic Park and DOCO Downtown Commons are approximately one mile away, and the Golden 1 Center is just over one mile from the site. The property has a size of 36616 square feet.
Key Highlights
- New construction (2023) with modern loft‑style and apartment units.
- Prime location directly across from the riverfront and near major attractions (River Walk Park, Sutter Health Park, Old Sacramento, DOCO, Golden 1 Center).
- Proximity to downtown Sacramento and convenient access to major regional demand drivers.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$476,540
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,530,800
$9.5M
Cap Rate 7%
$6,807,714
$6.8M
Cap Rate 9%
$5,294,889
$5.3M
Market Conditions
NOI Build-Up for 36,616 SF
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.
Gross rent
$922.7K $25.20/SF
− Vacancy
−$56.3K −$1.54/SF
EGI
$866.4K $23.66/SF
− OpEx
−$389.9K −$10.65/SF
NOI
$476.5K $13.01/SF
Area
Yolo County, CA
Vacancy
6.10%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,530,800
Cap Rate 7%
$6,807,714
Cap Rate 9%
$5,294,889
Alternative Uses
Best Use
Apartment 5plus
$6.81M
$5.96M – $7.94M
NOI $476,540 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.88M
$8.65M – $11.53M
NOI $691,603 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,800
Businesses Nearby
Explore this area
Business Placement
Demographics for 95605, CA
14,204
Population
5,517
Households
2.6
Avg Household Size
36
Median Age
24%
College-Educated
79%
High-School Grad
3.9 sq mi
ZIP Area
3,642
Density / Sq Mi
$71,361
Median Household Income
$41,665
Median Earnings
$1,615
Median Rent
$375,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Newly constructed multifamily property in West Sacramento's Broderick District.
Where is this apartment building located?
The property is located at 301 D St West Sacramento, CA.
What is the asking price?
The asking price for this property is $11,995,000.
What are key features of this property?
This property features: New construction (2023) with modern loft‑style and apartment units.; Prime location directly across from the riverfront and near major attractions (River Walk Park, Sutter Health Park, Old Sacramento, DOCO, Golden 1 Center).; Proximity to downtown Sacramento and convenient access to major regional demand drivers.
