2431 Capitol Ave Sacramento, CA 95816
- Office buildings
- 3,400 SF
- 0.09 lot acres
Current Use by Public Records
- Mc Kinney Aaron / Attorney
Property Details for 2431 Capitol Ave
- Year built
- 1966
- Construction
- WOOD
- Lot size
- 0.09 lot acres
- Property size
- 3,400 SF
- Zone code
- RO-SPD
- Property type
- Office buildings
- APN
- 007-0161-013-0000
- APU
- 701610130000
Description
This exceptional, 3,400 square foot executive office building is situated on a prominent corner lot in Sacramento's desirable Midtown area at 2431 Capitol Avenue. Built in 1966 and renovated in 2016, this two-story building boasts a striking Mid-Century Modern design, featuring three sides of floor-to-ceiling glass, maximizing natural light. The property includes seven secure, covered parking spaces under the building, accessed via a gated entrance. The interior offers a versatile layout with private offices, a conference room, and open workspace, ideal for a variety of professional uses. The 0.09-acre lot provides ample space and visibility. Currently occupied, the building will be vacant in early 2025, presenting a unique opportunity for ownership in a highly sought-after location. Its central Midtown position offers easy access to numerous restaurants, shops, and other amenities. The permitted zoning is RO-SPD. The APN is 007-0161-013-0000. This is a rare chance to acquire a stand-alone commercial property in a vibrant, walkable neighborhood. The asking price is $1,650,000.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $825,000
- 6.5%
- $760,000
- 7%
- $705,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $510,000
Market price range: $180k - $511k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $975,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,065,000 Change: +9% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $895,000 Change: -8% Conversion: Easy
- RETAIL STORES
- $880,000 Change: -10% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $870,000 Change: -11% Conversion: Difficult
- MEDICAL BUILDING
- $865,000 Change: -11% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.475
- Latitude
- 38.5719
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA