851 Richards Blvd Sacramento, CA 95811-0314
Property profile & analytics
851 Richards Blvd Sacramento, CA 95811-0314
- Warehouses
- 22,320 SF
- 1.40 lot acres
Property ID
US09-1549798
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.
Location Intelligence
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
- Property size
- 22,320 SF
- Zone code
- C-2-SPD
- Property type
- Warehouses
- APN
- 001-0020-013-0000
- APU
- 100200130000
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
based on Realmo’s proprietary methodology
-
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
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
$25,884
$916,731
$986,424
$1,903,155
-
$0.00
$0.00
$0.00
