Fully Entitled Mixed-Use Development
For Sale
Contact for pricing
905 S Street, Sacramento, CA 95816
Fully entitled mixed-use development site with RMX-SPD zoning and Opportunity Zone status for streamlined housing planning in Sacramento.
Property Size50,845 SF
Price / SF$156.36
Days on Market140
Property Features for 905 S Street
General Information
Standard status
Active
Size
50,845 SF
Total Parking Spaces
92
Property subtype
Land, Multifamily
Zoning
RMX-SPD
Investment Type
Redevelopment
Financials
Cap Rate
8.47%
Opportunity Zone
Yes
Building Details
Stories
7
Units
227
Listing Agency:
Turton Commercial Real Estate
Listed By:
Shilo Rochelle · License #02092283
(916) 573-3305
Source:
Crexi
Added: May 30
Changed: Oct 3
Last Checked: Oct 16 at 7:14AM
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
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Investment Insights
Based on property information with market context.
This offering is for 9S, a fully entitled mixed-use development site with flexible RMX-SPD zoning. The property is presented as a housing-focused infill development opportunity, with entitlements in place to support an efficient residential unit plan within the 150,845 square foot site.
Located at the intersection of 9th & S Street in Downtown Sacramento, 9S is positioned within Sacramento’s established R Street Corridor. The area is described as a walkable, amenity-rich mixed-use district with nearby residential density, transit access, employment drivers, and surrounding daily-needs retail.
From a development perspective, the site is positioned to support an attainable-housing approach, with the materials provided indicating projected residential gross rents of approximately $4.00 per square foot per month and estimated operating expenses of approximately $1.00 per square foot per month. The property is also identified as being located within a designated Opportunity Zone, which is intended to provide a streamlined path toward development in a supply-constrained infill location.
Located at the intersection of 9th & S Street in Downtown Sacramento, 9S is positioned within Sacramento’s established R Street Corridor. The area is described as a walkable, amenity-rich mixed-use district with nearby residential density, transit access, employment drivers, and surrounding daily-needs retail.
From a development perspective, the site is positioned to support an attainable-housing approach, with the materials provided indicating projected residential gross rents of approximately $4.00 per square foot per month and estimated operating expenses of approximately $1.00 per square foot per month. The property is also identified as being located within a designated Opportunity Zone, which is intended to provide a streamlined path toward development in a supply-constrained infill location.
Key Highlights
- Fully entitled mixed‑use development site totaling 150,845 SF at the intersection of 9th & S Street in Downtown Sacramento.
- RMX‑SPD zoning for a flexible mixed‑use development plan within Sacramento’s established R Street Corridor.
- Opportunity Zone status, supporting a streamlined path toward development in an infill location.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$701,661
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,033,220
$14.0M
Cap Rate 7%
$10,023,729
$10.0M
Cap Rate 9%
$7,796,233
$7.8M
Market Conditions
NOI Build-Up for 50,845 SF
Gross rent
$1.22M $24.00/SF
− Vacancy
−$97.6K −$1.92/SF
EGI
$1.12M $22.08/SF
− OpEx
−$421.0K −$8.28/SF
NOI
$701.7K $13.80/SF
Area
Sacramento, CA
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,033,220
Cap Rate 7%
$10,023,729
Cap Rate 9%
$7,796,233
Alternative Uses
Best Use
Mixed Use
$10.02M
$8.77M – $11.69M
NOI $701,661 @ 7.0% cap · market cap 8.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.66M
$11.95M – $15.94M
NOI $956,394 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,129
Businesses Nearby
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Business Placement
Demographics for 95816, CA
18,606
Population
11,553
Households
1.6
Avg Household Size
36
Median Age
65%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
6,891
Density / Sq Mi
$90,521
Median Household Income
$61,407
Median Earnings
$1,647
Median Rent
$789,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Fully entitled mixed-use development site with RMX-SPD zoning and Opportunity Zone status for streamlined housing planning in Sacramento.
Where is this residential land & home lot located?
The property is located at 905 S Street Sacramento, CA.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: Fully entitled mixed‑use development site totaling 150,845 SF at the intersection of 9th & S Street in Downtown Sacramento.; RMX‑SPD zoning for a flexible mixed‑use development plan within Sacramento’s established R Street Corridor.; Opportunity Zone status, supporting a streamlined path toward development in an infill location.
