Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2015 J St Sacramento, CA 95811

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    12,896 SF Office Building, 89% Occupied

    Property size:
    12,896 SF

    Property Features for 2015 J St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    12,896 SF
    Lot Size
    13,068 SF

    Building Details

    Year Renovated
    2006
    Stories
    2

    We can help!

    Listing Contact
    Mike Riley

    Listing Agent: Mike Riley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional two-story, 12,896 square foot office building is located in the heart of Midtown Sacramento at 2015 J Street, zip code 95811. The property sits on a 0.3-acre lot and features a C-2-SPD zoning designation. Renovated in 2006, the building boasts a modified lease structure with multiple tenants, currently enjoying 89% occupancy. Individual tenant spaces range from approximately 398 to 3,495 square feet, with 5,277 square feet currently vacant, presenting an owner-user opportunity. The asking price is $3,950,000, translating to $306.30 per square foot. A significant advantage is the secured easement for 32 parking spaces across the street at 2015 K Street, providing a generous parking ratio of 1.7 spaces per 1,000 square feet. Several existing leases are below current market rates, indicating substantial rental growth potential. The building's prime Midtown location offers high visibility and proximity to numerous amenities, including popular restaurants and coffee shops. This presents a compelling investment opportunity with strong upside potential. The property's APN is 007-0016-019-000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    California Lawyer For the Arts Law Firm Jan Lane Mobile ... Party Supply Store Candice May Bank California Community Action ... Association / Organization Shannel La Due Bank

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Law Firm Building Supply Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.4789577
    Latitude
    38.5767772

    Nearby Similar for Sale

    • New
      $645,000
      2,084 SF

      Historic Midtown Sacramento Duplex

      Charming 1918 duplex in vibrant Midtown Sacramento.
      1922 25Th St, Sacramento, CA 95816
      View Details
    • $739,888
      2,782 SF

      Sacramento Multifamily Property with Amenities

      Multifamily property featuring multiple units, kitchens, and laundry facilities.
      3135 Academy Way, Sacramento, CA 95815
      View Details
    • $875,000
      3,008 SF

      North Oak Park Fourplex Opportunity

      Fourplex in North Oak Park, Sacramento, with strong rental potential.
      3208 2Nd Ave, Sacramento, CA 95817
      View Details
    • $165,000
      329 SF

      Downtown Sacramento Ground-Floor Office Condo

      Rare ground-floor office condo in Downtown Sacramento with private parking.
      500 N St, Sacramento, CA 95814
      View Details
    • $850,000
      2,555 SF

      Historic Victorian Office Building

      Historic Sacramento office building, potential for residence or multifamily conversion.
      2200 L St, Sacramento, CA 95816
      View Details
    • Contact for pricing

      Downtown Sacramento Mixed-Use Condominium

      Office, retail, and storage condominium in downtown Sacramento.
      1001 K St, Sacramento, CA 95814
      View Details
    • Contact for pricing

      Medical/Professional Condo For Sale

      Condo in high-traffic area, suitable for medical or professional use.
      1820 Avondale Ave, Sacramento, CA 95825
      View Details
    • Contact for pricing

      Multi-Tenant Office Buildings For Sale

      Multi-tenant office buildings in a garden setting, close to amenities.
      2025-2045 Hurley Way, Sacramento, CA 95825
      View Details
    • Contact for pricing

      Class B Office Building For Sale

      Two-story office building in Sacramento's Highway 50 Corridor East submarket.
      9750 Business Park Dr, Sacramento, CA 95827
      View Details
    • $700,000
      8,182 SF

      Office/Art Studios Space For Sale

      Office and art studio space available with high visibility.
      4330 24Th St, Sacramento, CA 95822
      View Details
    • $595,000
      3,200 SF

      Single Tenant Office Building For Sale

      3,200 SF office building with excellent access to I-80.
      5213 Garfield Ave, Sacramento, CA 95841
      View Details
    • $995,000
      6,500 SF

      Highway 50 Corridor Office Space

      Office space for sale or lease with freeway access.
      10304 Placer Ln, Sacramento, CA 95827
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - 12,896 SF Office Building, 89% Occupied
    Where is this office property / space located?
    The property is located at 2015 J St Sacramento, CA.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: Prime Midtown Sacramento location at 2015 J Street, near numerous restaurants and cafes.; Significant rental upside potential due to below-market lease rates and 5,277 SF of vacant space, ideal for owner-occupancy.; Ample parking with a dedicated easement providing 32 spaces (1.7:1,000 ratio).
    (916) 569-2329 Call to check price and availability
    Request Owner's contact information
    2015 J St Sacramento, CA 95811
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2015 J St
    Sacramento, CA 95811
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    2015 J St Sacramento, CA 95811
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike Riley
    Real Estate License ID: 00955165
    (916) 569-2329
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!