Distribution Warehouse with Weather-Protected
For Sale
Contact for pricing
10149 Iron Rock Way, Elk Grove, CA 95624
Distribution warehouse with six weather-protected docks, automatic gated entry, and light industrial zoning in Elk Grove.
Property Size54,048 SF
Price / SF$171.14
Days on Market75
Property Features for 10149 Iron Rock Way
General Information
Standard status
Active
Size
54,048 SF
Property subtype
INDUSTRIAL
Zoning
Light Industrial
Lease Type
NNN
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
29 ft
Office Build-Out
4,100 SF
Mezzanine
4,100 SF
Dock-High Doors
6
Column Spacing
47 x 47 ft
Power
600 amps
Three-Phase Power
Yes
Heavy Power
Yes
Building Details
Buildings
1
Building Size
54,048 SF
Properties For Sale
at 10149 Iron Rock Way Contact us- Floor
- Bldg
- Size
- 54,048 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
10149 Iron Rock Way
- Colliers is pleased to offer for lease or sale 10149 Iron Rock Way a ±54,048 SF...
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Contact us
Listing Agency:
Colliers | Sacramento
(916) 929-5999
Listed By:
Nathan Miller · License #02097602
(916) 563-3011
Source:
Moodyscre
Added: Jul 2
Changed: Sep 4
Last Checked: Sep 13 at 6:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Sacramento
Investment Insights
Based on property information with market context.
10149 Iron Rock Way offers a distribution warehouse with office and yard space on a light industrial site in the City of Elk Grove. The building totals 54,048 SF and includes 4,100 SF of office and 4,100 SF mezzanine area, with an additional 38,000 SF yard for staging and operations.
Operational features include six 10x10 weather protected docks equipped with edge of dock levelers and an automatic gated entry. The facility has 600A high voltage, 3-Phase power, with warehouse clear height ranging from 27'-29'. Column spacing is 47'x47', supporting efficient layout and material flow.
The property is zoned light industrial (City of Elk Grove). Lease terms are described as NNN, with details available through the broker team.
Operational features include six 10x10 weather protected docks equipped with edge of dock levelers and an automatic gated entry. The facility has 600A high voltage, 3-Phase power, with warehouse clear height ranging from 27'-29'. Column spacing is 47'x47', supporting efficient layout and material flow.
The property is zoned light industrial (City of Elk Grove). Lease terms are described as NNN, with details available through the broker team.
Key Highlights
- 54,048 SF distribution warehouse with 4,100 SF office, 4,100 SF mezzanine, and 38,000 SF yard
- Six 10x10 weather protected docks with edge of dock levelers
- Automatic gated entry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$322,306
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,446,120
$6.4M
Cap Rate 7%
$4,604,371
$4.6M
Cap Rate 9%
$3,581,178
$3.6M
Market Conditions
NOI Build-Up for 54,048 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$408.6K $7.56/SF
− Vacancy
−$29.4K −$0.54/SF
EGI
$379.2K $7.02/SF
− OpEx
−$56.9K −$1.05/SF
NOI
$322.3K $5.96/SF
Area
Elk Grove, CA
Vacancy
7.20%
Lease Rate
$7.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,446,120
Cap Rate 7%
$4,604,371
Cap Rate 9%
$3,581,178
Alternative Uses
Best Use
Warehouse
$4.60M
$4.03M – $5.37M
NOI $322,306 @ 7.0% cap · market cap 3.48%
Second Best
Industrial
$4.21M
$3.68M – $4.91M
NOI $294,509 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$13.51M
$11.82M – $15.76M
NOI $945,613 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
29 ft
Clear height
6
Dock-high doors
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Explore this area
Business Placement
Demographics for 95624, CA
66,575
Population
20,740
Households
3.2
Avg Household Size
39
Median Age
33%
College-Educated
89%
High-School Grad
45.6 sq mi
ZIP Area
1,460
Density / Sq Mi
$121,269
Median Household Income
$53,303
Median Earnings
$1,960
Median Rent
$603,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Distribution warehouse with six weather-protected docks, automatic gated entry, and light industrial zoning in Elk Grove.
Where is this distribution center located?
The property is located at 10149 Iron Rock Way Elk Grove, CA.
What is the asking price?
The asking price for this property is $9,250,000.
What are key features of this property?
This property features: 54,048 SF distribution warehouse with 4,100 SF office, 4,100 SF mezzanine, and 38,000 SF yard; Six 10x10 weather protected docks with edge of dock levelers; Automatic gated entry
