Log In/Sign Up
Your email has been sent.
851 Richards Blvd
Sacramento, CA 95811
Industrial Property For Sale
Investment Highlights
- Premier corner location within Sacramento’s rapidly developing River District with outstanding connectivity to Downtown and major freeways.
- Secure property environment supported by proximity to multiple public safety agencies and civic anchors.
- Income growth opportunity with projected pro forma returns significantly exceeding regional benchmarks.
- Strong income foundation supported by a long-term NNN entertainment tenant operating under a rare specialty permit.
- Flexible building design offering warehouse functionality, drive-in capabilities, and private yard space.
- Located within a district undergoing major redevelopment, driven by state investments, mixed-use projects, and a maturing residential base.
Executive Summary
Positioned at the gateway to Sacramento’s rapidly evolving River District, this retail, showroom, and industrial warehouse opportunity at 851 Richards Blvd offers investors a compelling blend of stabilized income, strategic location, and future upside potential. The property sits at a highly visible corner, just two minutes from Downtown Sacramento and moments from both I-5 and I-80, making it exceptionally accessible to regional consumers, workers, and logistics networks. Its proximity to key civic anchors—including the police station and highway patrol—reinforces a secure operating environment and adds long-term desirability for tenants.
The existing income stream is anchored by HQ Gentlemen’s Club, an established entertainment venue operating under a rare Conditional Use Permit that allows adult entertainment and a full liquor license. This long-standing tenant occupies a substantial portion of the building under an NNN lease that runs through 2030 with built-in escalations, providing durable in-place cash flow and a strong foundation for investor returns.
With the remaining space currently vacant, new ownership has the option to pursue additional stabilized income or to create a premium owner-user environment benefiting from generous onsite parking, dual drive-in and drive-up loading, secure private yard areas, and flexible warehouse configurations. These physical characteristics, combined with the district’s active redevelopment and new mixed-use vitality, reinforce the long-term competitive positioning of this asset.
Investors looking for properties with meaningful upside will appreciate the jump from a 7.59 percent current cap rate to a projected 14.78 percent based on full occupancy. This combination of reliable tenancy, specialty entitlements, strategic location, and significant income growth makes 851 Richards Blvd a standout acquisition for industrial, retail, and specialty-use investors seeking both near-term performance and long-term value in Sacramento’s newest transformation corridor.
The existing income stream is anchored by HQ Gentlemen’s Club, an established entertainment venue operating under a rare Conditional Use Permit that allows adult entertainment and a full liquor license. This long-standing tenant occupies a substantial portion of the building under an NNN lease that runs through 2030 with built-in escalations, providing durable in-place cash flow and a strong foundation for investor returns.
With the remaining space currently vacant, new ownership has the option to pursue additional stabilized income or to create a premium owner-user environment benefiting from generous onsite parking, dual drive-in and drive-up loading, secure private yard areas, and flexible warehouse configurations. These physical characteristics, combined with the district’s active redevelopment and new mixed-use vitality, reinforce the long-term competitive positioning of this asset.
Investors looking for properties with meaningful upside will appreciate the jump from a 7.59 percent current cap rate to a projected 14.78 percent based on full occupancy. This combination of reliable tenancy, specialty entitlements, strategic location, and significant income growth makes 851 Richards Blvd a standout acquisition for industrial, retail, and specialty-use investors seeking both near-term performance and long-term value in Sacramento’s newest transformation corridor.
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.59% | Year Built | 1946 |
| Property Type | Industrial | Parking Ratio | 2.28/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 18’ |
| Building Class | C | No. Dock-High Doors/Loading | 2 |
| Lot Size | 1.40 AC | No. Drive In / Grade-Level Doors | 2 |
| Rentable Building Area | 22,320 SF | Opportunity Zone |
Yes
|
| Zoning | C2-SP, City of Sacramento - C2-SPD | ||
| Sale Type | Investment |
| Cap Rate | 7.59% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.40 AC |
| Rentable Building Area | 22,320 SF |
| No. Stories | 1 |
| Year Built | 1946 |
| Parking Ratio | 2.28/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | C2-SP, City of Sacramento - C2-SPD |
Amenities
- Bus Line
- Fenced Lot
- Metro/Subway
- Security System
- Signage
- Skylights
- Yard
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,006,152 | |
| Land Assessment | $1,181,133 | Total Assessment | $2,187,285 |
Property Taxes
Parcel Numbers
Land Assessment
$1,181,133
Improvements Assessment
$1,006,152
Total Assessment
$2,187,285
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
