Elk Grove Flex/Office
2204 Kausen Dr Elk Grove, CA
For Sale
Contact for pricing
Two-tenant flex/office building in Elk Grove with I-5 access.
Property Size10,844 SF
Lot Size0.82 Acres
Price / SF$321.84
Days on Market317
Property Features for 2204 Kausen Dr
General Information
Standard status
Active
Size
10,844 SF
Lot size
0.82 Acres
Property subtype
FLEX_R_AND_D
Listing Agency:
Capital Rivers Commercial
(510) 495-5975
Listed By:
Ryan Orn · License ##02070096
(510) 495-5975
Source:
Moodyscre
Added: Sep 15, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:37AM
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 Capital Rivers Commercial
Investment Insights
Based on property information with market context.
This single-story flex/office building is located in Elk Grove, California, within the Laguna West Business Center, and features direct access to I-5. The property is fully leased to NNN tenants, providing a steady income stream. The building offers an opportunity for owner-users to occupy up to half of the 10,844 square feet. Owner financing is available.
Key Highlights
- Fully leased with NNN tenants, providing steady income.
- Opportunity for owner‑users to occupy up to half the building.
- Owner financing available.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $240.7k | $22.20 |
| − Vacancy | −$39.5k | −$3.64 |
| EGI | $201.3k | $18.56 |
| − OpEx | −$50.3k | −$4.64 |
| NOI | $150.9k | $13.92 |
10,844 SF · lease $22.20/SF/yr · vacancy 16.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.16M
$1.89M – $2.52M
NOI $150,942 @ 7.0% cap · market cap 4.32%
Second Best
Flex RnD
$1.46M
$1.28M – $1.70M
NOI $102,261 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,725 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Two-tenant flex/office building in Elk Grove with I-5 access.
Where is this flex space located?
The property is located at 2204 Kausen Dr Elk Grove, CA.
What is the asking price?
The asking price for this property is $3,490,000.
What are key features of this property?
This property features: Fully leased with NNN tenants, providing steady income.; Opportunity for owner‑users to occupy up to half the building.; Owner financing available.
