Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1415 21St St Sacramento, CA 95816
    Back to Search
    Property profile & analytics

    1415 21St St, Sacramento, CA 95816

    View on Map
    • Investment properties
    • 6,002 SF
    • 0.10 lot acres
    For Sale
    $2,275,000
    View Listing →
    Midtown Mixed-Use Building Opportunity For Sale
    $2,275,000
    1,905 SF

    Midtown Mixed-Use Building Opportunity

    Two-story mixed-use building with office and retail space for lease.

    1415 21st St, Sacramento, CA
    View Listing
    Property ID
    US09-1234447
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Sacramento DUI specialists / Law Firm
    • Zelda's Original Gourmet Pizza / Restaurant
    • Quadriga Landscape Architecture & Planning, Inc. / Landscaping / (Bike/Boat/Book/etc) Store
    • MetroNova Development / Construction Company / General Contractor

    Property Details for 1415 21St St

    Year built
    1958
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Zone code
    C-2-SPD
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    007-0251-024-0000
    APU
    702510240000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 26, 2008 — Legacy Ventures LLC — Trustees Deed · related $786k · Central Pacific Bank
    Sep 12, 2007 — Legacy Ventures LLC Shaflee Family Trust Grant Deed $786k · Central Pacific Bank
    Oct 1, 2004 — Shafiee Family Trust Shafiee,moe & Farideh Quit Claim Deed · related —
    Jun 12, 2003 $835,000 Moe Shafiee Hackett,lewis E & Louise Grant Deed $25k · Calnet Business Bank
    Nov 18, 1991 — Lewis E Hackett Hackett,louise Quit Claim Deed · related $279k · Us Bank Of California
    — — Legacy Ventures LLC — Deed Of Trust · related $800k · Farmers & Merchants Bk/ctrl Ca
    — — Legacy Ventures LLC — Deed Of Trust · related $650k · Central Pacific Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,380,000
      6.5%
      $1,275,000
      7%
      $1,185,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $766,000
      Market price range: $404k - $1.18M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,420,000
      Current use
      AUTO REPAIR, GARAGE
      $1,535,000
      Change: +8% Conversion: Difficult
      MEDICAL BUILDING
      $1,530,000
      Change: +8% Conversion: Easy
      OFFICE BUILDING
      $1,420,000
      Change: +0% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,315,000
      Change: -7% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.48
    Latitude
    38.5714
    CBSA code
    40900
    CBSA name
    SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $15,271
    $708,264
    $482,907
    $1,191,171
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,985,000
      20,882 SF

      1801 Capitol Ave

      STORE/OFFICE (MIXED USE)
      1801 Capitol Ave, Sacramento, CA 95811-4104
      View Details
    • Value Estimation
      $955,000
      6,960 SF

      1414 21st St

      STORE/OFFICE (MIXED USE)
      1414 21st St, Sacramento, CA 95811-5237
      View Details
    • Value Estimation
      $1,425,000
      6,910 SF

      1414 Ss St

      STORE/OFFICE (MIXED USE)
      1414 Ss St, Sacramento, CA 95811-7116
      View Details
    • Value Estimation
      $1,170,000
      11,520 SF

      610 Bercut Dr

      STORE/OFFICE (MIXED USE)
      610 Bercut Dr, Sacramento, CA 95811-0115
      View Details
    • Value Estimation
      $2,665,000
      9,360 SF

      2020 I St

      STORE/OFFICE (MIXED USE)
      2020 I St, Sacramento, CA 95811-3175
      View Details
    • Value Estimation
      $2,215,000
      20,328 SF

      2031 J St

      STORE/OFFICE (MIXED USE)
      2031 J St, Sacramento, CA 95811-3119
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,696 SF

      Prominent Office Building For Sale

      Office building with prominent visibility and move-in ready suites.
      1819 K St, Sacramento, CA 95811
      View Details
    • $1,900,000

      Sacramento Commercial Property For Sale

      Commercial property available for purchase in Sacramento, California.
      1624 N C St, Sacramento, CA 95811
      View Details
    • Contact for pricing
      19,738 SF

      Fully Leased Midtown Investment Opportunity

      Long-term, fully-leased investment in the heart of Midtown.
      1801 K St, Sacramento, CA 95811
      View Details
    • Contact for pricing
      6,000 SF

      6,000 SF Flex/Industrial/Office Building

      6,000 SF building with flexible zoning and high-end infrastructure.
      1821 Q St, Sacramento, CA 95811
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,120 SF

      Mixed-Use Development Retail Space

      Retail space available in a vibrant mixed-use development.
      1701 R St, Sacramento, CA 95811
      View Details
    • Contact for pricing

      Dynamic Midtown Sacramento Office Space

      Mixed-use office space with gym and high-speed Wi-Fi.
      1610 Floors, Sacramento, CA 95811
      View Details
    • Contact for pricing

      9,800 SF Office Building

      Office building with parking, divisible, and ready for occupancy.
      2007 O St, Sacramento, CA 95811
      View Details
    • Contact for pricing
      808 SF

      Midtown Office Space Available

      Office space for rent in the heart of Midtown.
      2012 H St, Sacramento, CA 95811
      View Details
    • Contact for pricing
      1,100 SF

      Midtown Office and Retail Space

      Office and retail spaces for lease in Midtown Sacramento.
      1722-1730 J St, Sacramento, CA 95811
      View Details
    • Contact for pricing
      2,133 SF

      Office Space with Extensive Windows

      Office space featuring private offices, break room, and IT room.
      1718-1722 3Rd St, Sacramento, CA 95811
      View Details
    View Listing
    Request Owner's contact information
    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.
    1415 21St St
    Sacramento, CA 95816
    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
    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

    Thank You for Inquiry
    1415 21St St, Sacramento, CA, 95816
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!