Jefferson Blvd Mixed-Use
For Sale
Contact for pricing
31 15th St, West Sacramento, CA 95691
Mixed-use building with high visibility in West Sacramento.
Property Size30,587 SF
Price / SF$151.93
Days on Market664
Property Features for 31 15th St
General Information
Standard status
Active
Size
30,587 SF
Property subtype
Industrial, Mixed Use, Retail
Zoning
WF
Listing Agency:
Ethan Conrad Properties Inc
(916) 779-1000
Listed By:
Ethan Conrad · License #CA 01298662
Source:
Crexi
Added: Oct 14, 2024
Changed: Aug 8
Last Checked: May 12 at 9:02PM
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
Investment Insights
Based on property information with market context.
This mixed-use building offers significant visibility on Jefferson Boulevard at the signalized intersection of Jefferson and 15th Street. It is situated minutes from Downtown Sacramento, the Golden 1 Center, Sutter Health Park, and Drake’s at the Barn. The property is also near new, dense residential developments in Sacramento’s Urban Core. Located in West Sacramento’s Waterfront Zone, the building is positioned in an area intended for high-density mixed uses that capitalize on the city’s river frontage. The property size is 30587 square feet. Accessory warehouse uses are permitted along with primary retail use.
Key Highlights
- Outstanding visibility on Jefferson Blvd at signalized intersection.
- Located in West Sacramento’s Waterfront Zone allowing for high‑density mixed uses.
- Minutes from Downtown Sacramento, Golden 1 Center, Sutter Health Park, and Drake’s at the Barn.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$323,458
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,469,160
$6.5M
Cap Rate 7%
$4,620,829
$4.6M
Cap Rate 9%
$3,593,978
$3.6M
Market Conditions
NOI Build-Up for 30,587 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$550.6K $18.00/SF
− Vacancy
−$33.0K −$1.08/SF
EGI
$517.5K $16.92/SF
− OpEx
−$194.1K −$6.34/SF
NOI
$323.5K $10.58/SF
Area
Yolo County, CA
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,469,160
Cap Rate 7%
$4,620,829
Cap Rate 9%
$3,593,978
Alternative Uses
Best Use
Retail
$6.22M
$5.44M – $7.25M
NOI $435,189 @ 7.0% cap · market cap 9.36%
Second Best
Mixed Use
$4.62M
$4.04M – $5.39M
NOI $323,458 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$8.25M
$7.22M – $9.63M
NOI $577,727 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Explore this area
Business Placement
Demographics for 95691, CA
39,849
Population
14,826
Households
2.7
Avg Household Size
37
Median Age
37%
College-Educated
89%
High-School Grad
39.0 sq mi
ZIP Area
1,022
Density / Sq Mi
$100,822
Median Household Income
$53,351
Median Earnings
$1,543
Median Rent
$532,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with high visibility in West Sacramento.
Where is this mixed-use property located?
The property is located at 31 15th St West Sacramento, CA.
What is the asking price?
The asking price for this property is $4,647,000.
What are key features of this property?
This property features: Outstanding visibility on Jefferson Blvd at signalized intersection.; Located in West Sacramento’s Waterfront Zone allowing for high‑density mixed uses.; Minutes from Downtown Sacramento, Golden 1 Center, Sutter Health Park, and Drake’s at the Barn.
