Downtown Sacramento Mixed-Use
For Sale
Contact for pricing
429 J St, Sacramento, CA
15,446 SF building with retail, event, and office spaces.
Property Size15,446 SF
Lot Size0.89 Acres
Price / SF$216.88
Days on Market546
Property Features for 429 J St
General Information
Standard status
Active
Size
15,446 SF
Lot size
0.89 Acres
Property subtype
OFFICE
Listing Agency:
Colliers | Sacramento
(916) 929-5999
Listed By:
Dan Green · License #01997492
(916) 996-4123
Source:
Moodyscre
Added: Mar 10, 2025
Changed: Aug 8
Last Checked: Sep 5 at 5:33PM
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
Investment Insights
Based on property information with market context.
Available for sale is a ±15,446 SF building located in Downtown Sacramento. The building features retail, event center, and creative office spaces. It is situated on a corner location, offering excellent signage opportunities. The property is located across the street from the DOCO and Golden 1 Arena and is within walking distance of numerous restaurants and dining options. Seller financing or a possible rent-to-own opportunity is available.
Key Highlights
- ±15,446 SF building featuring retail, event center and creative office spaces.
- Across the street from the DOCO and Golden 1 Arena.
- Seller financing or possible rent to own opportunity.
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
$239,553
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
7.15%
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%
$4,791,060
$4.8M
Cap Rate 7%
$3,422,186
$3.4M
Cap Rate 9%
$2,661,700
$2.7M
Market Conditions
NOI Build-Up for 15,446 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
$363.3K $23.52/SF
− Vacancy
−$21.1K −$1.36/SF
EGI
$342.2K $22.16/SF
− OpEx
−$102.7K −$6.65/SF
NOI
$239.6K $15.51/SF
Area
Sacramento, CA
Vacancy
5.80%
Lease Rate
$23.52 /SF/Yr
Expense Ratio
30.00%
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%
$4,791,060
Cap Rate 7%
$3,422,186
Cap Rate 9%
$2,661,700
Alternative Uses
Best Use
Retail
$3.42M
$2.99M – $3.99M
NOI $239,553 @ 7.0% cap · market cap 7.15%
Second Best
Office B
$3.01M
$2.63M – $3.51M
NOI $210,439 @ 7.0% cap · market cap 6.28%
Theoretical Best
Specialty Retail
$4.15M
$3.63M – $4.84M
NOI $290,539 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,044
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Sacramento, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - 15,446 SF building with retail, event, and office spaces.
Where is this office units located?
The property is located at 429 J St Sacramento, CA.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: ±15,446 SF building featuring retail, event center and creative office spaces.; Across the street from the DOCO and Golden 1 Arena.; Seller financing or possible rent to own opportunity.
