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    Downtown Sacramento Entertainment Hub Space Title is generated by Realmo AI

    630 K St, Sacramento, CA 95814

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    Prime retail and office space in Sacramento's Central Business District.

    Type:Retail, Office
    Property size:
    62,000 SF
    Added:
    Jul 3, 2024
    Days on Market:
    702
    Last Refresh:
    May 12 at 8:18 pm

    Property Features for 630 K St

    General Information

    Standard status
    Active
    Size
    62,000 SF
    Property subtype
    Retail, Office

    Spaces For Lease

    at 630 K St Contact us

    Suite 140 $2/Mo

    Size
    1,038 SF
    Type
    Retail, Office
    Contact us

    We can help!

    Listing Contact
    Ethan Conrad

    Listing agent Ethan Conrad License #CA 01298662

    Listing office Ethan Conrad Properties Inc

    Listing date Jul 3, 2024

    Source Crexi

    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 Ethan Conrad Properties Inc

    HighLights

    • Located in the heart of DoCo (Downtown Commons) and the 700 K Block, the most visited retail location in the Greater Sacramento Area with over 6.1 million visitors annually.
    • Can deliver ±62,000 SF or more of office space in Downtown Sacramento.
    • Fully built‑out 2nd floor office space overlooking DoCo and 7th/K Streets.
    • Rooftop space available.
    • Open floorplan with private offices, multiple conference rooms, breakrooms, and restrooms.
    • Strong retail mix on‑site and directly adjacent, including dining, retail, and entertainment options.

    Overview

    Located in the entertainment epicenter of the Central Business District, specifically the DoCo and 700 K Block, this property benefits from over 6.1 million annual visitors, making it the most visited retail location in the Greater Sacramento Area. The property can deliver approximately 162,000 square feet or more in Downtown Sacramento, with rooftop space available. The second-floor office space overlooks DoCo and 7th/K Streets, featuring an open floorplan, several private offices, multiple conference rooms, breakrooms, and restrooms. The interior spaces and finishes are professionally designed. The location has a strong retail mix on-site and directly adjacent, including Sauced BBQ & Spirits, Tipsy Putt, Union Bank, Flatstick Pub, 24 Hour Fitness, and Cinemark Century Theater. Many dining, retail, and entertainment options are in the immediate area. The property features floor-to-ceiling glass overlooking DoCo and K Street, with approximately 13-foot floor-to-deck heights. The location has an excellent walking score of 96, with public transportation nearby. Con Azucar Cafe is now open, and SB James Construction has signed a lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Heavy Duty Towing ... Auto Repair Shop Union Bank Bank Starbucks Reserve Cafe & Coffee Shop Tipsy Putt Restaurant Lexus auto servie Auto Repair Shop

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.498337
    Latitude
    38.580076

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    FAQs

    What type of property is this?
    Office units - Prime retail and office space in Sacramento's Central Business District.
    Where is this office units located?
    The property is located at 630 K St Sacramento, CA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Located in the heart of DoCo (Downtown Commons) and the 700 K Block, the most visited retail location in the Greater Sacramento Area with over 6.1 million visitors annually.; Can deliver ±62,000 SF or more of office space in Downtown Sacramento.; **Fully built‑out 2nd floor office space overlooking DoCo and 7th/K Streets.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ethan Conrad
    Real Estate License ID: CA 01298662
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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