East Sacramento Multi-Story Office
722 Alhambra Sacramento, CA 95816
722 Alhambra, Sacramento, CA, 95816
$1,399,000
For Sale
$1,399,000
Income-producing office building in a sought-after urban neighborhood.
Property Size5,320 SF
Price / SF$262.97
Days on Market102
Property Features for 722 Alhambra
General Information
- Standard status
- Active
- Size
- 5,320 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1952
Listing Agency
ROME REAL ESTATE GROUP, INC.
9322199
Listed by
CHASE BURKE
Source
Corcoran
Added: Apr 7 Checked: Jul 17 at 2:34 am
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 ROME REAL ESTATE GROUP, INC.
Investment Insights
Based on property information with market context.
Located on Alhambra Boulevard in East Sacramento, this multi-story office building offers an opportunity for owner-users or investors. The 5,320 square foot complex is situated in a historically stable, high-income corridor. The property is near McKinley Park, a 32-acre landmark featuring a rose garden, farmers market, community pool, and year-round events. Several restaurants and cafes are within walking distance. The building is currently 75% leased to tenants in health services and law, providing income with potential for increased revenue from the remaining vacancy. The OB-SPD zoning (Office Business Low-Rise Mixed-Use Special Planning District) allows for a range of professional and mixed-use occupancies. With access to Business 80 and Highway 50, the property provides convenient access to Downtown, Midtown, and the greater metro area. Traffic counts are 15,806 ADT at H St Alhambra Blvd and 179,788 ADT on Capital City Freeway. The surrounding area of East Sacramento features tree-lined streets and a median household income exceeding $109,000.
Key Highlights
- Prime location in East Sacramento's Alhambra corridor.
- Adjacent to McKinley Park, offering access to amenities.
- Income‑producing multi‑story office building with established tenants.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.9k | $21.60 |
| − Vacancy | −$18.3k | −$3.43 |
| EGI | $96.6k | $18.17 |
| − OpEx | −$24.2k | −$4.54 |
| NOI | $72.5k | $13.62 |
5,320 SF · lease $21.60/SF/yr · vacancy 15.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.04M
$906.0K – $1.21M
NOI $72,481 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $100,069 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Aspire Foundation
Charitable Organization
The Middleway Gallery
Art Gallery
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Income-producing office building in a sought-after urban neighborhood.
Where is this office building located?
The property is located at 722 Alhambra Sacramento, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Prime location in East Sacramento's Alhambra corridor.; Adjacent to McKinley Park, offering access to amenities.; Income‑producing multi‑story office building with established tenants.
