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    Dynamic Midtown Sacramento Office Space Title is generated by Realmo AI

    1610 R Street 3rd and 4th Floors, Sacramento, CA 95811

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    Mixed-use office space with gym and high-speed Wi-Fi.

    Type:Office
    Added:
    Sep 25, 2019
    Days on Market:
    2447
    Last Refresh:
    May 12 at 10:43 pm

    Property Features for 1610 R Street 3rd and 4th Floors

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 1610 R Street 3rd and 4th Floors Contact us

    Coworking dedicated $2/Mo

    Size
    Type
    Office
    Work, meet and collaborate in a shared office space in Spaces R StreetnTotal Monthly...
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    Private office for 1 person $8/Mo

    Size
    Type
    Office
    Tailor-made dream offices for 1 person in Spaces R StreetnTotal Monthly Rent: 449
    Contact us

    Virtual Office $4/Mo

    Size
    Type
    Office
    Have us take care of everything while you focus on growing your businessnTotal Monthly...
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    Private office for 5 person $6/Mo

    Size
    Type
    Office
    Find office space in Spaces R Street for 5 persons with everything taken care ofnTotal...
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    Coworking Non Reserve $1.90/Mo

    Size
    Type
    Office
    Work in Spaces R Street or anywhere else in our global networknTotal Monthly Rent:...
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    Private office for 2 person $8/Mo

    Size
    Type
    Office
    Fully serviced private office space for you and your team in Spaces R StreetnTotal...
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    Private office for 4 person $7/Mo

    Size
    Type
    Office
    Professional office space in Spaces R Street on fully flexible termsnTotal Monthly...
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    Open plan office space for + 10 people $6/Mo

    Size
    Type
    Office
    Fully serviced open plan office space for you and your team in Spaces R StreetnTotal...
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    Open plan office space for + 15 people $4/Mo

    Size
    Type
    Office
    24/7 access to open plan office space for 15 persons in Spaces R StreetnTotal Monthly...
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    Private office for 3 person $8/Mo

    Size
    Type
    Office
    Beautifully designed office space for 3 persons in Spaces R StreetnTotal Monthly...
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    We can help!

    Listing Contact
    California 2 Spaces US

    Listing agent California 2 Spaces US License #FLBO

    Listing office Spaces

    Listing date Sep 25, 2019

    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 Spaces

    HighLights

    • Dynamic Midtown location offering a refreshing alternative to downtown high‑rises.
    • High‑speed Wi‑Fi ensures seamless connectivity for all your business needs.
    • Convenient access to 16th Street Station light rail simplifies your commute.
    • Enjoy on‑site amenities including a gym, private locker rooms, and bike racks.
    • Inspirational workspace featuring private rooms, meeting areas, and work‑lounges.
    • Close proximity to local parks and the California State Capitol Museum.

    Overview

    Located in Midtown Sacramento, Spaces R Street offers a dynamic office environment suitable for businesses seeking an adaptable workspace. This mixed-use office is situated away from downtown Sacramento's high-rises, providing a unique location with refurbished industrial buildings nearby. The property features private rooms, a meeting area, and inviting work lounges. Amenities include high-speed Wi-Fi, dedicated bike racks, and private locker rooms, as well as a gym. The location provides convenient access to dining options via the skywalk or across the street. The 16th Street Station is also nearby, offering light rail connections to Sacramento and beyond. Local parks and the California State Capitol Museum provide options for relaxation and exploration of the city's heritage.
    Location Intelligence

    Current Use by Public Records

    Coworking space

    Map

    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.488
    Latitude
    38.5762

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    FAQs

    What type of property is this?
    Coworking space - Mixed-use office space with gym and high-speed Wi-Fi.
    Where is this coworking space located?
    The property is located at 1610 R Street 3rd and 4th Floors Sacramento, CA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Dynamic Midtown location offering a refreshing alternative to downtown high‑rises.; High‑speed Wi‑Fi ensures seamless connectivity for all your business needs.; Convenient access to 16th Street Station light rail simplifies your commute.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    California 2 Spaces US
    Real Estate License ID: FLBO
    Learn More
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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.

    More about this property
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