851 Richards Blvd, Sacramento, CA 95811-0314
- Warehouses
- 22,320 SF
- 1.40 lot acres
Current Use by Public Records
- 851 Richards 5 star Club / Nightclub / Bar & Pub
- HQ Nightclub / Nightclub / DJ & Entertainment
- HQ Gentlemen's Club & Bar / Nightclub / DJ & Entertainment
- Club Fantasy / Nightclub / DJ & Entertainment
Property Details for 851 Richards Blvd
- Year built
- 1946
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.40 lot acres
- Zone code
- C-2-SPD
- Property type
- Warehouses
- APN
- 001-0020-013-0000
- APU
- 100200130000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 27, 2026 | $2,000,000 | Richards Blvd 851 LLC | Hmc Properties LLC | Grant Deed | — |
| Dec 15, 2021 | — | Hmc Properties LLC | — | Deed · related | $15.7M · La Dres LLC |
| Jul 1, 2019 | — | Vi Luis C Barbosa Th | Barbosa,cheryl | Quit Claim Deed · related | — |
| Jul 1, 2019 | $2,000,000 | Hmc Properties LLC | Barbosa,luis C | Grant Deed | $1.5M · Luis C Barbosa |
| Dec 30, 1996 | $475,000 | Barbosa,luis C | Obrien Family Lkp | Trustees Deed | $356k · Seller |
| Dec 30, 1996 | — | David M Camacho | Camacho,sonia M | Quit Claim Deed · related | — |
| Aug 9, 1994 | — | Obrien Family LP | Obrien,daniel S | Quit Claim Deed · related | — |
| — | — | Luis C Barbosa | — | Deed Of Trust · related | $44k · Matheny Sears Linkert & Long |
| — | — | Daniel S O'brien | — | Deed Of Trust · related | $360k · City National Bank |
| — | — | Luis C Barbosa | — | Deed Of Trust · related | $575k · Martin Trust |
Description
This exceptional 22,320-square-foot warehouse, situated on a 1.4-acre lot in Sacramento County's vibrant submarket, presents a compelling investment opportunity. Currently, 6,862 square feet is occupied by a single tenant under lease until January 31, 2030, generating approximately $20,000 in monthly revenue. The remaining 15,458 square feet is available for lease or owner-occupancy. The sturdy cinder block building features a split-level design, including a pit area, five drive-in doors (two roll-up, two outside docks), and a small private yard. The property boasts a 13' to 15' ceiling height and ample shared parking. Its strategic location, close to downtown Sacramento and easily accessible from I-60 and I-5 freeways, enhances its appeal. The property is zoned C2-SPD. Financial projections indicate a 5.98% cap rate currently, with potential for a 15% cap rate based on full occupancy and a 12.17% cap rate projected for year two. The asking price is $3,300,000. Detailed information and a brochure are available online. Shared parking is available, with club hours from 6 pm to 4 am.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,855,000
- 6.5%
- $2,635,000
- 7%
- $2,450,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,501,000
Market price range: $645k - $2.53M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $3,035,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.488
- Latitude
- 38.5957
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
