Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    215 24th St Sacramento, CA 95816-3015

    • Warehouses
    • 2,278 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    6%
    Warehouses
    Location Intelligence
    Property ID
    US09-3332541
    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.

    Current Use by Public Records

    • Flash Factory / Manufacturer / Arts Organization
    • CL Heating and Air INC / Air Conditioning Contractor

    Property Details for 215 24th St

    Year built
    1952
    Construction
    STEEL FRAME
    Lot size
    0.07 lot acres
    Property size
    2,278 SF
    Zone code
    C-4-SPD
    Property type
    Warehouses
    APN
    003-0091-001-0000
    APU
    300910010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $290,000
      6.5%
      $270,000
      7%
      $250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $223,000
      Market price range: $223k - $460k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $315,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.471
    Latitude
    38.5835
    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
    $1,778
    $69,676
    $54,743
    $124,419
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $445,000
      3,490 SF

      2718 Q St

      MINI-WAREHOUSE, STORAGE • 3,490 SF
      2718 Q St, Sacramento, CA 95816-6911
      View Details
    • Value Estimation
      $470,000
      4,200 SF

      1765 35th St

      WAREHOUSE, STORAGE • 4,200 SF
      1765 35th St, Sacramento, CA 95816-6605
      View Details
    • Value Estimation
      $315,000
      2,400 SF

      1770 36th St

      WAREHOUSE, STORAGE • 2,400 SF
      1770 36th St, Sacramento, CA 95816-6613
      View Details
    • Value Estimation
      $300,000
      5,416 SF

      1772 37th St

      WAREHOUSE, STORAGE • 5,416 SF
      1772 37th St, Sacramento, CA 95816
      View Details
    • Value Estimation
      $290,000
      0.14 Acres

      1800 23rd St

      WAREHOUSE, STORAGE • 0.14 Acres
      1800 23rd St, Sacramento, CA 95816-7112
      View Details
    • Value Estimation
      $940,000
      74,558 SF

      3301 Ss St

      MINI-WAREHOUSE, STORAGE • 74,558 SF
      3301 Ss St, Sacramento, CA 95816-7019
      View Details

    Similar Nearby for Sale

    • $1,100,000
      4,644 SF

      Midtown Sacramento Mixed-Use Gem

      Historic Craftsman building, high rental income.
      2224 J St, Sacramento, CA 95816
      View Details
    • $925,000
      4,644 SF

      Lioness Bookstore and Sacramento Women's Center For Sale

      Lioness Bookstore and Sacramento Women's Center For Sale
      2224 J Street, Sacramento, CA 95816
      View Details
    • $4,250,000
      17,000 SF

      East Sacramento Office/Medical Building

      Two-story, 17,000 SF building near Mercy General Hospital.
      3810 J St, Sacramento, CA 95816
      View Details
    • $1,299,000
      3,400 SF

      Corner Office Building For Sale

      Two-story office building with on-site parking and natural light.
      2431 Capitol Ave, Sacramento, CA 95816
      View Details
    • Contact for pricing
      23,649 SF

      Sacramento Executive Office Space

      Midtown Sacramento Office: 23,649 SF
      1616 29Th St, Sacramento, CA 95816
      View Details
    • $1,600,000

      Midtown Sacramento Multifamily Investment

      Five-unit complex in Midtown Sacramento with income potential.
      2711 I St, Sacramento, CA 95816
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,440 SF

      Sacramento Warehouse with Potential Yard

      14,440 SF warehouse with grade level doors and potential yard.
      6161 27Th St, Sacramento, CA 95816
      View Details
    • Contact for pricing
      22,147 SF

      Sacramento Warehouse Space Available

      22,147 SF warehouse space for lease in Sacramento.
      1800 24Th St, Sacramento, CA 95816
      View Details
    • $24 SF/Yr
      3,430 SF

      Executive Office Suites, Sacramento

      Prime location, 6 suites available.
      725 30Th St, Sacramento, CA 95816
      View Details
    • $2 SF/Yr
      855 SF

      Mid-Century Modern Mixed-Use Building

      Midtown Sacramento mixed-use building with office space and parking.
      2418 K St, Sacramento, CA 95816
      View Details
    • Contact for pricing
      1,800 SF

      Sacramento Medical Office Sublease

      1800 SF Medical Office Space Available
      2801 K St, Sacramento, CA 95816
      View Details
    • $2 SF/Yr
      8,979 SF

      Midtown Office/Medical Space Available

      Three-story building near Capitol City Freeway, suitable for office/medical uses.
      3000 S St, Sacramento, CA 95816
      View Details
    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.
    215 24th St
    Sacramento, CA 95816-3015
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.