Office Condo in Medical
For Sale
$535,040
Pending
4827 Laguna Park Dr Unit 4, Elk Grove, CA 95758
Medical practices operate within the same complex, with parking and dense residential surroundings nearby.
Property Size1,408 SF
Days on Market210
Property Features for 4827 Laguna Park Dr Unit 4
General Information
Standard status
Pending
Size
1,408 SF
Property subtype
Commercial
Building Details
Year Built
1994
Listing Agency:
Keller Williams Realty
9555518
Listed By:
Hui Juan Sun
Source:
Sacramentoareahouses
Added: Feb 1
Changed: Aug 30
Last Checked: Aug 30 at 1:29PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This office condominium at 4827 Laguna Park Dr Unit 4 provides 1,408 square feet of office space in a well-maintained building completed in 1994. The property is positioned for either owner occupancy or investment use.
Medical offices are located within the same complex, while the surrounding area includes a high concentration of residential homes in Elk Grove. On-site parking is available for occupants and visitors.
Medical offices are located within the same complex, while the surrounding area includes a high concentration of residential homes in Elk Grove. On-site parking is available for occupants and visitors.
Key Highlights
- 1,408‑square‑foot office condominium
- Medical offices located within the same complex
- Well‑maintained property built in 1994
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
$19,599
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
3.66%
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%
$391,980
$392.0K
Cap Rate 7%
$279,986
$280.0K
Cap Rate 9%
$217,767
$217.8K
Market Conditions
NOI Build-Up for 1,408 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
$31.3K $22.20/SF
− Vacancy
−$5.1K −$3.64/SF
EGI
$26.1K $18.56/SF
− OpEx
−$6.5K −$4.64/SF
NOI
$19.6K $13.92/SF
Area
Elk Grove, CA
Vacancy
16.40%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$391,980
Cap Rate 7%
$279,986
Cap Rate 9%
$217,767
Alternative Uses
Best Use
Office B
$280.0K
$245.0K – $326.7K
NOI $19,599 @ 7.0% cap · market cap 3.66%
Second Best
Healthcare Medical
$266.5K
$233.2K – $310.9K
NOI $18,653 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$351.9K
$307.9K – $410.6K
NOI $24,634 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Explore this area
Business Placement
Demographics for 95758, CA
64,517
Population
22,755
Households
2.8
Avg Household Size
38
Median Age
37%
College-Educated
92%
High-School Grad
13.6 sq mi
ZIP Area
4,744
Density / Sq Mi
$115,146
Median Household Income
$57,489
Median Earnings
$2,178
Median Rent
$558,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Medical practices operate within the same complex, with parking and dense residential surroundings nearby.
Where is this office units located?
The property is located at 4827 Laguna Park Dr Unit 4 Elk Grove, CA.
What is the asking price?
The asking price for this property is $535,040.
What are key features of this property?
This property features: 1,408‑square‑foot office condominium; Medical offices located within the same complex; Well‑maintained property built in 1994
