8581 23rd Ave, Sacramento, CA 95826-4901
- Warehouses
- 39,852 SF
- 1.89 lot acres
Current Use by Public Records
- Warehouses
Property Details for 8581 23rd Ave
- Year built
- 1972
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.89 lot acres
- Zone code
- M-2S
- Property type
- Warehouses
- APN
- 061-0200-002-0000
- APU
- 6102000020000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 21, 2025 | $4,500,000 | Zakhir Rlt | Gmb Enterprises Gp | Grant Deed | $3.2M · First Citizens Bank & Trust Co |
| Jul 8, 2008 | — | Gmb Ents Gp | Gmb Ents | Quit Claim Deed · related | — |
| Jun 17, 1996 | — | Gmb Enterprises | Utf Enterprises | Grant Deed | $700k · Seller |
| — | — | Gmb Enterprises | — | Deed Of Trust · related | $810k · Bank Of America |
Description
This exceptional ±39,852 square foot industrial warehouse, located at 8581 23rd Ave in Sacramento, CA 95826, presents a compelling owner-user or investment opportunity. Built in 1982, this Class C property sits on a 1.89-acre lot and boasts a flexible layout suitable for single or multi-tenant occupancy. The warehouse features three dock-high doors, providing convenient access for loading and unloading, and impressive ceiling heights ranging from 19 to 20 feet, offering ample vertical storage space. The property is zoned M-2, allowing for a variety of industrial uses. The asking price is $5,180,760. Two small yards are attached to the building, adding to its functionality and potential. This prime Sacramento location offers easy access to major transportation routes, making it an ideal choice for businesses requiring efficient logistics and distribution capabilities. The property's size and features make it suitable for a wide range of industrial operations, from warehousing and distribution to light manufacturing. Serious inquiries are encouraged to explore this exceptional opportunity to acquire a well-located, functional industrial property in a thriving market. The property's substantial size and versatile layout offer significant potential for growth and return on investment. Don't miss this chance to secure a valuable asset in the Sacramento industrial real estate market.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,100,000
- 6.5%
- $4,710,000
- 7%
- $4,370,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,685,000
Market price range: $4.69M - $8.05M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $5,755,000 Current use
- RETAIL STORES
- $7,530,000 Change: +31% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.386
- Latitude
- 38.5321
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
