Flex Space with
For Sale
Contact for pricing
301 N 16th Street, Sacramento, CA 95811
Flexible warehouse and creative space with crane service, oversized doors, cooler units, and an adjoining outdoor yard.
Property Size19,345 SF
Lot Size0.79 Acres
Price / SF$93.05
Days on Market31
Property Features for 301 N 16th Street
General Information
Standard status
Active
Size
19,345 SF
Lot size
0.79 Acres
Property subtype
Industrial, Land, Retail
Additional Details
Asking Price
$1,800,000
Outdoor Storage
Yes
Cold Storage
Yes
Building Details
Building Size
19,345 SF
Listing Agency:
Turton Commercial Real Estate
Listed By:
Ian Forner · License #CA 01967116
(916) 573-3314
Source:
Crexi
Added: Aug 15
Changed: Sep 9
Last Checked: Sep 13 at 4:32AM
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
Investment Insights
Based on property information with market context.
This flex property combines 19,345 square feet of warehouse and creative space with a 32,185-square-foot yard totaling 0.79 acres. The improvements include a gantry crane, large sliding doors, a 15-foot roll-up door, and two cooler units, providing a range of functional features for industrial or adaptive redevelopment applications.
Located at 301 N. 16th Street within Sacramento’s Grower’s District, the property offers an existing industrial-style configuration with substantial outdoor space. Its combination of enclosed workspace, specialized equipment, loading access, and cooling capacity supports flexible occupancy and operational planning.
Located at 301 N. 16th Street within Sacramento’s Grower’s District, the property offers an existing industrial-style configuration with substantial outdoor space. Its combination of enclosed workspace, specialized equipment, loading access, and cooling capacity supports flexible occupancy and operational planning.
Key Highlights
- 19,345 SF of warehouse and creative space
- 32,185 SF yard totaling 0.79 AC
- Gantry crane included
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
$148,542
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
8.25%
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%
$2,970,840
$3.0M
Cap Rate 7%
$2,122,029
$2.1M
Cap Rate 9%
$1,650,467
$1.7M
Market Conditions
NOI Build-Up for 19,345 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
$185.7K $9.60/SF
− Vacancy
−$11.0K −$0.57/SF
EGI
$174.8K $9.03/SF
− OpEx
−$26.2K −$1.36/SF
NOI
$148.5K $7.68/SF
Area
Sacramento, CA
Vacancy
5.90%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$2,970,840
Cap Rate 7%
$2,122,029
Cap Rate 9%
$1,650,467
Alternative Uses
Best Use
Office B
$3.77M
$3.29M – $4.39M
NOI $263,560 @ 7.0% cap · market cap 14.64%
Second Best
Flex RnD
$3.02M
$2.65M – $3.53M
NOI $211,625 @ 7.0% cap · market cap 11.76%
Theoretical Best
Specialty Retail
$5.20M
$4.55M – $6.06M
NOI $363,879 @ 7.0% cap · market cap 20.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95811, CA
12,463
Population
5,085
Households
2.5
Avg Household Size
37
Median Age
54%
College-Educated
93%
High-School Grad
2.3 sq mi
ZIP Area
5,419
Density / Sq Mi
$77,760
Median Household Income
$59,641
Median Earnings
$1,564
Median Rent
$707,900
Median Home Value
Market
Vacancy Rate% for Office in Sacramento, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible warehouse and creative space with crane service, oversized doors, cooler units, and an adjoining outdoor yard.
Where is this flex space located?
The property is located at 301 N 16th Street Sacramento, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 19,345 SF of warehouse and creative space; 32,185 SF yard totaling 0.79 AC; Gantry crane included
