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    1000 K St Sacramento, CA 95814

    Sponsored
    For Sale
    $6,500,000

    High-yield retail investment, 100% occupied.

    Property size:
    29,501 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional two-story, 29,501 square foot retail building at 1000 K Street in Sacramento, CA (95814), is a prime investment opportunity. Built in 1956 and extensively renovated in 2008, the property boasts a 100% occupancy rate with four established tenants in the heart of Sacramento's K Street Entertainment District, within the Governmental Affairs District and a Federal Opportunity Zone. The building sits on a 16,960 square foot lot (APN: 006-0104-001-0000) and is zoned C-3-SPD. Currently generating a Net Operating Income (NOI) of $580,075.53, resulting in an 8.92% capitalization rate, the asking price is $6,500,000 ($220.33 per square foot). The property benefits from its proximity to numerous amenities, including the Golden 1 Center, numerous office buildings, light rail access, and a variety of retail, restaurants, parks, and entertainment venues. Its location near the renovated Sacramento Convention Center and Community Theater, as well as several large hotels, further enhances its desirability and investment potential. This is a rare chance to acquire a highly profitable, well-located retail property in a thriving urban environment.

    Property Features for 1000 K St

    General Information

    Property type
    Retail properties
    Square Feet
    29,501 SF

    Building Details

    Year Built/Renovated
    1956/2008
    Stories
    2

    HighLights

    • Prime 29,501 SF retail building in Sacramento's K Street Entertainment District.
    • 100% occupancy with four established tenants, generating $580,075.53 NOI and an 8.92% cap rate.
    • Located in a Federal Opportunity Zone, near the Golden 1 Center and numerous office buildings.
    • Excellent walkability with access to light rail, retail, restaurants, parks, and entertainment venues.
    • Proximity to the renovated Sacramento Convention Center, Community Theater, and six large hotels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Oishii Sushi & Heartbeat ... Sushi Restaurant Social Nightclub Bar Heartbeat K TV Television Station The Boiling Crab Seafood Restaurant

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Pharmacy Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.4937505
    Latitude
    38.5787965

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    FAQs

    What type of property is this?
    Retail property - High-yield retail investment, 100% occupied.
    Where is this retail property located?
    The property is located at 1000 K St Sacramento, CA.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: Prime 29,501 SF retail building in Sacramento's K Street Entertainment District.; 100% occupancy with four established tenants, generating $580,075.53 NOI and an 8.92% cap rate.; Located in a Federal Opportunity Zone, near the Golden 1 Center and numerous office buildings.
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    1000 K St Sacramento, CA 95814
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    Sacramento, CA 95814
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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
    1000 K St Sacramento, CA 95814
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