500 Capitol Mall
Sacramento 95814 · Downtown · City of Sacramento · Coordinates: 38.57809, -121.50141
Executive Verdict · Public-Records Synthesis
Zoned C-3-SPD in City of Sacramento and zero mapped flood, fire, or fault hazard overlaps; benchmark value $624,000 ($549,000–$699,000).
Upsides & Opportunities
- ✓ Documented permitted upgrades (+$31,230 contributory est.)
Public building records show issued construction/renovation work on this parcel (90 total permits, latest Oct 20, 2026).
Source: City of Sacramento CDD, Issued Building Permits (Current Year) (parcel APN)
- ✓ Above-average reinvestment in Downtown
162 substantial renovation & housing permits over 24 months (114.0 per 1,000 parcels vs. 30.4 citywide baseline) (#33 of 102 neighborhoods).
Source: City of Sacramento CDD, Issued Building Permits (Current Year) (Downtown)
Watchouts & Due Diligence
- ! Mapped flood awareness zone (Zone X: reduced flood risk due to levee)
all of the lot of the parcel intersects Zone X: reduced flood risk due to levee. Outside mandatory federal SFHA insurance rules, but check local drainage and finished-floor requirements.
Source: FEMA National Flood Hazard Layer (parcel polygon)
- ! 6 slow or stalled nearby projects within ½ mile
Closest lead: 27 Story Residential Mixed Use (0.23 mi W, fee estimate). Inspect timeline history before assuming near-term completion.
Source: City of Sacramento CDD, Issued Building Permits (Current Year) · HCD APR (½-mile radius)
- ! Year 1 Prop 13 tax reset (~$7,564/yr at $624,000)
Sale triggers reassessment to 1.00% base + ~0.14% voter debt (~$630/mo). Confirm exact Mello-Roos / CFD special assessments on the county tax bill.
Source: CA Const. Art. XIIIA (Prop 13) · County Tax Collector
Parcel & Assessor
- Lot size:
- 48,787 sq ft (1.12 ac)
- Assessor use:
- Office · Office (General) · Multiple Stories
- Tax rate area:
- 03009
- Addresses on lot:
- 500 CAPITOL MALL; 500 CAPITOL MALL STE 1000 STE 1000; 500 CAPITOL MALL STE 100 STE 100
Zoning & Land Use
C-3-SPD — Central Business District Zone (C)
2040 General Plan: Residential Mixed Use (FAR up to 15)
State Housing Pathways Screen (ADU & SB 9)
- ADU or junior ADUUnlikely
Zoned C-3 (commercial): the zone doesn't allow homes, so state ADU rules don't apply.
- SB 9: two homes on the lotUnlikely
Zoned C-3 (commercial), not a single-family residential zone.
- SB 9: split into two lotsUnlikely
Zoned C-3 (commercial), not a single-family residential zone.
Mapped Hazard Zones on This Lot
- CAL FIRE Fire Hazard Severity Zone
- Not in a State-mapped fire hazard severity zone
- FEMA National Flood Hazard Layer
- Zone X: reduced flood risk due to levee (all of the lot) · FIRM panel 06067C0160J, effective June 16, 2015
- CGS Alquist-Priolo Earthquake Fault Zone
- Not in an Alquist-Priolo Earthquake Fault Zone
Surrounding Rent & Value Benchmarks (Public Records)
Range: $549,000 – $699,000 · Status: Off market
HUD Small Area FMR (ZIP 95814) · FY 2026
Studio $1,640 · 1BR $1,720 · 2BR $2,120 · 3BR $2,820 · 4BR $3,250
Developments Deserving Closer Investigation & Active Area Builders
- 27 Story Residential Mixed Use (Fee estimate)0.23 mi W
In "Fee estimate" for 5.3 yr (since Aug 11, 2021), exceeding the 210d median and 627d 90th percentile for new multifamily / condos / mixed-use permits in City of Sacramento (n=199). High-impact scale (231 housing units, $112,000,000 declared valuation across 3 permits).
- Canopy Hotel (In review)0.3 mi E
In "In review" for 8.1 yr (since Oct 2, 2018), exceeding the 210d median and 627d 90th percentile for new multifamily / condos / mixed-use permits in City of Sacramento (n=199). High-impact scale (55 housing units, $90,000,000 declared valuation across 3 permits).
- Homecoming at Creekside South (Entitled)0.36 mi E
In "Entitled" for 7.9 yr (since Jan 3, 2019), exceeding the 210d median and 627d 90th percentile for new multifamily / condos / mixed-use permits in City of Sacramento (n=199). High-impact scale (120 housing units across 0 permits).
- 218 new homes at 930 K St (Fee estimate)0.37 mi E
In "Fee estimate" for 7.8 yr (since Jan 18, 2019), exceeding the 210d median and 627d 90th percentile for new multifamily / condos / mixed-use permits in City of Sacramento (n=199). High-impact scale (218 housing units, $49,590,693 declared valuation across 1 permit).
Entity-resolved builders & contractors in ½ mile: Icon General Contractors (25 on parcel, 214 in ½ mi · Commercial tenant improvement); Jones And Lamberti Builders (3 on parcel, 40 in ½ mi · Commercial tenant improvement); Jeff Gunnell Construction (1 on parcel, 33 in ½ mi · Commercial tenant improvement); Pacific Ridge Builders (1 on parcel, 30 in ½ mi · Commercial tenant improvement); J Sutter Builders (17 on parcel, 25 in ½ mi · Commercial tenant improvement).
Permit & Project History on This Parcel (90 permits, 0 grouped projects)
Showing 15 most recent permits| Record # | Category | Status | Applied / Issued | Valuation | Description |
|---|---|---|---|---|---|
| FPP-2621338 | Commercial tenant improvement | Issued | Iss. Oct 20, 2026 | $256,250 | EXPEDITED - TENANT SUITE IMPROVEMENTS TO INCLUDE: NEW PARTITIONS, DOORS, MECHANICAL, ELECTRICAL, AND FIRE PROTECTION FOR… |
| COM-2620776 | Fire alarm / sprinkler | Issued | Iss. Sep 18, 2026 | $16,645 | THE SCOPE OF THIS WORK INCLUDES: INSTALLATION OF NEW ADDRESSABLE RELAY TO CONNECT TO EXISITNG SECURITY PANEL FOR DOOR RE… |
| FPP-2614968 | Commercial tenant improvement | Issued | Iss. Sep 11, 2026 | $198,075 | EPC - EXPEDITED - TENANT IMPROVEMENTS - 15TH FLOOR: NEW CONFERENCE ROOM, COFFEE BAR, AND BREAK LOUNGE IN EXISTING LAW OF… |
| COM-2614967 | Remodel / interior alteration | Void | App. Jul 15, 2026 | $198,075 | TENANT IMPROVEMENTS - 15TH FLOOR: NEW CONFERENCE ROOM, COFFEE BAR, AND BREAK LOUNGE IN EXISTING LAW OFFICE. NEW FINISHES… |