Street-Access Retail
For Sale
$450,000
500 N Street, Sacramento, CA 95814
Street-level storefront condo with an extensive frontage and partial cafe buildout, plus one parking spot in the building garage.
Property Size785 SF
Price / SF$573.25
Days on Market429
Property Features for 500 N Street
General Information
Standard status
Active
Size
785 SF
Total Parking Spaces
1
Property subtype
Retail
Additional Details
Road Access
Yes
Amenities
R-5 SPD
Public.
Building Details
Year Built
1981
Stories
15
Listing Agency:
RE/MAX Gold
2019247
Listed By:
Ranga Pathak · License #01364897
2019247
Source:
Xome
Added: Jun 12, 2025
Changed: Aug 12
Last Checked: Aug 14 at 3:31AM
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 RE/MAX Gold
Investment Insights
Based on property information with market context.
This street-access retail condo is located on the first floor of a 15-story building and features immediate entry from the street along with an extensive storefront. The space is partially built out as a cafe, and a buyer can re-apply for the permit and complete the construction.
The property is in Sacramento near the State Capitol and numerous downtown attractions, with a surrounding concentration of apartment units. The building contains more than 100 apartment units, and there are nearly 900 apartment units in the immediate area per the remarks.
The unit includes one parking spot in the building’s open-air garage. An adjacent unit is also available for sale. Information on owner association (OA) dues has not been provided by the owner.
The property is in Sacramento near the State Capitol and numerous downtown attractions, with a surrounding concentration of apartment units. The building contains more than 100 apartment units, and there are nearly 900 apartment units in the immediate area per the remarks.
The unit includes one parking spot in the building’s open-air garage. An adjacent unit is also available for sale. Information on owner association (OA) dues has not been provided by the owner.
Key Highlights
- Street‑level storefront condo on busy N Street with immediate street access and extensive frontage
- Partially built out as a cafe; buyer can re‑apply for the permit and complete construction
- Located on the first floor of a 15‑story building with 100+ apartment units
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
$14,766
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
3.28%
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%
$295,320
$295.3K
Cap Rate 7%
$210,943
$210.9K
Cap Rate 9%
$164,067
$164.1K
Market Conditions
NOI Build-Up for 785 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
$20.7K $26.40/SF
− Vacancy
−$1.0K −$1.32/SF
EGI
$19.7K $25.08/SF
− OpEx
−$4.9K −$6.27/SF
NOI
$14.8K $18.81/SF
Area
Sacramento, CA
Vacancy
5.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$295,320
Cap Rate 7%
$210,943
Cap Rate 9%
$164,067
Alternative Uses
Best Use
Specialty Retail
$210.9K
$184.6K – $246.1K
NOI $14,766 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8,108
Businesses Nearby
111k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 74%
Hotels & Casinos 21%
Shops & Services 3%
Dining 1%
Macy's
Apparel
81,940 visits/mo
0.4 miles
Quality Inn Downtown
Hotels & Casinos
12,790 visits/mo
0.5 miles
Residence Inn by Marriott Sacramento Downtown at Capitol Park
Hotels & Casinos
6,531 visits/mo
0.4 miles
Inn Off Capitol Park, Ascend Hotel Collection
Hotels & Casinos
2,845 visits/mo
0.5 miles
Enterprise Rent-A-Car
Shops & Services
1,951 visits/mo
0.5 miles
Demographics for 95814, CA
12,208
Population
7,972
Households
1.5
Avg Household Size
38
Median Age
40%
College-Educated
90%
High-School Grad
1.4 sq mi
ZIP Area
8,720
Density / Sq Mi
$46,637
Median Household Income
$57,500
Median Earnings
$1,226
Median Rent
$621,400
Median Home Value
Market
Vacancy Rate% for Retail in Sacramento, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Coffee shop - Street-level storefront condo with an extensive frontage and partial cafe buildout, plus one parking spot in the building garage.
Where is this coffee shop located?
The property is located at 500 N Street Sacramento, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Street‑level storefront condo on busy N Street with immediate street access and extensive frontage; Partially built out as a cafe; buyer can re‑apply for the permit and complete construction; Located on the first floor of a 15‑story building with 100+ apartment units
