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    1016 23Rd St Sacramento, CA 95816

    For Sale
    $1,095,000

    2,963 SF Creative Office, Updated 2023

    Property size:
    2,963 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional two-story creative office building, located at 1016 23rd Street in Sacramento's vibrant Midtown, presents a unique investment opportunity. Boasting 2,963 square feet, the property features approximately 1481 square feet on each floor, offering ample space for a variety of business needs. Completely renovated in 2023, this turn-key property is ready for immediate occupancy. The building sits on a 3,200 square foot lot and is zoned C-2 SPD, providing flexibility for various commercial uses. The asking price is $1,095,000, translating to $370 per square foot. Built in 1967, the property benefits from recent upgrades, offering modern amenities while retaining character. On-site parking is available, a significant advantage in the bustling Midtown area. The property's prime location places it at the heart of Sacramento's dynamic business community, surrounded by diverse dining, shopping, and entertainment options, attracting top talent. Ownership offers long-term stability, shielding against rising rental costs, and provides the opportunity to build equity and potentially benefit from tax advantages. Utilities are serviced by SMUD (electricity) and PG&E (gas). The property's APN is 007-0093-0125. This is an ideal opportunity to establish a thriving business in a highly desirable location.

    Property Features for 1016 23Rd St

    General Information

    Property type
    Office space
    Square Feet
    2,963 SF

    Building Details

    Year Built/Renovated
    1967/2023

    HighLights

    • 1st Floor: Approximately 1,481 square feet
    • 2nd Floor: Approximately 1,481 square feet
    • Electricity: Served by SMUD
    • Gas: Served by PG&E
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Amplified Business Services Accounting Firm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.4765052
    Latitude
    38.5750712

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    FAQs

    What type of property is this?
    Office space - 2,963 SF Creative Office, Updated 2023
    Where is this office space located?
    The property is located at 1016 23Rd St Sacramento, CA.
    What is the asking price?
    The asking price for this property is $1,095,000.
    What are key features of this property?
    This property features: 1st Floor: Approximately 1,481 square feet; 2nd Floor: Approximately 1,481 square feet; Electricity: Served by SMUD
    Request Owner's contact information
    1016 23Rd St Sacramento, CA 95816
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    Sacramento, CA 95816
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    Realmo Value Estimation

    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.

    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.

    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
    1016 23Rd St Sacramento, CA 95816
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