Second-Gen Restaurant
For Sale
Contact for pricing
601 15th St, Sacramento, CA 95814
Ground-floor restaurant space with kitchen hood, floor drains, full bar buildout, and multiple street entrances for flexible layouts.
Property Size6,512 SF
Price / SF$291
Days on Market184
Property Features for 601 15th St
General Information
Standard status
Active
Size
6,512 SF
Property subtype
RETAIL
Listing Agency:
Turton Commercial Real Estate - Corporate
(916) 573-3300
Listed By:
Kimio Bazett · License #02152565
(916) 573-3315
Source:
Moodyscre
Added: Mar 16
Changed: Sep 3
Last Checked: Sep 14 at 8:59AM
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 - Corporate
Investment Insights
Based on property information with market context.
This approximately 3,764 SF ground-floor restaurant space is built for flexible operation, with a kitchen in place that includes a hood, sinks, and floor drains. A full bar buildout is also included, supporting a wide range of restaurant concepts.
The layout is designed to accommodate either one contiguous space or two distinct and separate concepts. Multiple street entrances provide convenient access, and there are four separate restrooms to support separate guest flows.
Located at 601 15th St in Sacramento, CA 95814, the space is well suited for operators looking for a second-generation setup with core restaurant infrastructure already in place.
The layout is designed to accommodate either one contiguous space or two distinct and separate concepts. Multiple street entrances provide convenient access, and there are four separate restrooms to support separate guest flows.
Located at 601 15th St in Sacramento, CA 95814, the space is well suited for operators looking for a second-generation setup with core restaurant infrastructure already in place.
Key Highlights
- Approximately 3,764 SF ground‑floor restaurant space
- Kitchen includes hood, sinks, and floor drains
- Full bar buildout 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
$122,491
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
6.46%
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%
$2,449,820
$2.4M
Cap Rate 7%
$1,749,871
$1.7M
Cap Rate 9%
$1,361,011
$1.4M
Market Conditions
NOI Build-Up for 6,512 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
$171.9K $26.40/SF
− Vacancy
−$8.6K −$1.32/SF
EGI
$163.3K $25.08/SF
− OpEx
−$40.8K −$6.27/SF
NOI
$122.5K $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%
$2,449,820
Cap Rate 7%
$1,749,871
Cap Rate 9%
$1,361,011
Alternative Uses
Best Use
Specialty Retail
$1.75M
$1.53M – $2.04M
NOI $122,491 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,201
Businesses Nearby
133k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 25%
Shops & Services 21%
Superstores 18%
Hotels & Casinos 17%
Target
Superstores
24,491 visits/mo
0.3 miles
The Old Spaghetti Factory
Dining
18,385 visits/mo
0.4 miles
BevMo!
Groceries
13,081 visits/mo
0.3 miles
Quality Inn Downtown
Hotels & Casinos
12,790 visits/mo
0.1 miles
Quick Quack Car Wash
Shops & Services
10,117 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail 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?
Conventional restaurant - Ground-floor restaurant space with kitchen hood, floor drains, full bar buildout, and multiple street entrances for flexible layouts.
Where is this conventional restaurant located?
The property is located at 601 15th St Sacramento, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Approximately 3,764 SF ground‑floor restaurant space; Kitchen includes hood, sinks, and floor drains; Full bar buildout included
