851 Richards Blvd Sacramento, CA 95811-0314

Property Details for 851 Richards Blvd

Year built

1946

Construction

TILT-UP CONCRETE

Lot size

1.40 lot acres

Property size

22,320 SF

Zone code

C-2-SPD

Property type

Warehouses

APN

001-0020-013-0000

APU

100200130000

Description

This exceptional 22,320-square-foot warehouse, situated on a 1.4-acre lot in Sacramento County's vibrant submarket, presents a compelling investment opportunity. Currently, 6,862 square feet is occupied by a single tenant under lease until January 31, 2030, generating approximately $20,000 in monthly revenue. The remaining 15,458 square feet is available for lease or owner-occupancy. The sturdy cinder block building features a split-level design, including a pit area, five drive-in doors (two roll-up, two outside docks), and a small private yard. The property boasts a 13' to 15' ceiling height and ample shared parking. Its strategic location, close to downtown Sacramento and easily accessible from I-60 and I-5 freeways, enhances its appeal. The property is zoned C2-SPD. Financial projections indicate a 5.98% cap rate currently, with potential for a 15% cap rate based on full occupancy and a 12.17% cap rate projected for year two. The asking price is $3,300,000. Detailed information and a brochure are available online. Shared parking is available, with club hours from 6 pm to 4 am.

Location Insight

City

Sacramento

County

Sacramento

State

California

Longitude

-121.488

Latitude

38.5957

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments