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    9068 Elkmont Way Elk Grove, CA 95624

    For Sale
    $9,000,000

    5.83% Cap Rate, 47,392 SF Flex/Warehouse

    Property size:
    47,392 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a fully leased, 47,392-square-foot multi-tenant industrial building situated on a 2.59-acre lot in Elk Grove, California. The property, built in 1997, boasts a desirable light industrial zoning (LI) designation from the City of Elk Grove and enjoys a prime location, minutes from Highway 99, approximately 16 miles south of Downtown Sacramento, and roughly 33 miles north of Stockton. The concrete tilt-up structure houses five separate flex/industrial suites, ranging in size from approximately 2,500 square feet to approximately 18,028 square feet, currently occupied at 100% capacity under long-term absolute NNN leases, minimizing landlord responsibilities. Key features include eight dock-high doors, three dock level doors and five grade level doors, 1600 amps of 208/120v 3-phase power, a recently installed roof, a freshly repaved parking lot, and a fully sprinklered system. The property generates a substantial net operating income (NOI) of $525,048, resulting in an attractive 5.83% capitalization rate. This is a strong, stable investment with significant long-term potential in a highly sought-after industrial submarket. The asking price is $9,000,000. The property's APN is 134-0620-032 and the zip code is 95624.

    Property Features for 9068 Elkmont Way

    General Information

    Property type
    Distribution properties
    Square Feet
    47,392 SF
    Lot Size
    112,820 SF

    Building Details

    Year Built
    1997
    Units
    5

    HighLights

    • Fully leased 47,392 SF industrial building.
    • Five separate suites on a 2.59‑acre lot.
    • Absolute NNN long‑term leases minimizing landlord responsibilities.
    • Located in Elk Grove, CA's competitive industrial submarket; 47,392 SF concrete tilt‑up building on 2.59 acres.
    • Light Industrial zoning (City of Elk Grove).
    • Five flex/industrial suites ranging from 2,500 to 18,028 SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove
    County
    Sacramento
    State
    California
    Longitude
    -121.3633655
    Latitude
    38.3821084

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    FAQs

    What type of property is this?
    Distribution property - 5.83% Cap Rate, 47,392 SF Flex/Warehouse
    Where is this distribution property located?
    The property is located at 9068 Elkmont Way Elk Grove, CA.
    What is the asking price?
    The asking price for this property is $9,000,000.
    What are key features of this property?
    This property features: Fully leased 47,392 SF industrial building.; Five separate suites on a 2.59-acre lot.; Absolute NNN long-term leases minimizing landlord responsibilities.
    Request Owner's contact information
    9068 Elkmont Way Elk Grove, CA 95624
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    Elk Grove, CA 95624
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9068 Elkmont Way Elk Grove, CA 95624
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