Elk Grove Multi-Tenant Industrial
For Sale
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9068 Elkmont Dr, Elk Grove, CA
47,392 SF industrial building 100% leased in Elk Grove.
Property Size47,392 SF
Lot Size2.86 Acres
Price / SF$252.15
Days on Market269
Property Features for 9068 Elkmont Dr
General Information
Standard status
Active
Size
47,392 SF
Lot size
2.86 Acres
Property subtype
INDUSTRIAL
Listing Agency:
eXp Commercial - CA
(360) 685-4206
Listed By:
Jon Bias
(360) 685-4206
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Aug 19 at 8:12AM
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 eXp Commercial - CA
Investment Insights
Based on property information with market context.
Located in Elk Grove, California, this multi-tenant industrial building offers 47,392 square feet of space. The concrete tilt-up building is situated on a 2.59-acre parcel and is zoned for light industrial use. The property is located in the industrial submarket of Elk Grove, with proximity to Highway 99, approximately 16 miles south of Downtown Sacramento, and approximately 33 miles north of Stockton. The property features five industrial/flex suites, ranging in size from approximately 2,500 square feet to approximately 18,028 square feet. The building is 100% leased and anchored by tenants such as California Custom Trailers & Powersports and EKC Enterprises, with long-term absolute NNN leases in place.
Key Highlights
- 100% Leased Multi‑Tenant Industrial Building
- Located in the highly sought after industrial submarket of Elk Grove, CA
- Anchored by strong tenants with long term absolute NNN leases
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
$446,916
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
3.74%
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%
$8,938,320
$8.9M
Cap Rate 7%
$6,384,514
$6.4M
Cap Rate 9%
$4,965,733
$5.0M
Market Conditions
NOI Build-Up for 47,392 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
$739.3K $15.60/SF
− Vacancy
−$51.8K −$1.09/SF
EGI
$687.6K $14.51/SF
− OpEx
−$240.6K −$5.08/SF
NOI
$446.9K $9.43/SF
Area
Elk Grove, CA
Vacancy
7.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$8,938,320
Cap Rate 7%
$6,384,514
Cap Rate 9%
$4,965,733
Alternative Uses
Best Use
Flex RnD
$6.38M
$5.59M – $7.45M
NOI $446,916 @ 7.0% cap · market cap 3.74%
Second Best
Warehouse
$4.04M
$3.53M – $4.71M
NOI $282,614 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$11.85M
$10.36M – $13.82M
NOI $829,161 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 47,392 SF industrial building 100% leased in Elk Grove.
Where is this flex space located?
The property is located at 9068 Elkmont Dr Elk Grove, CA.
What is the asking price?
The asking price for this property is $11,950,000.
What are key features of this property?
This property features: 100% Leased Multi‑Tenant Industrial Building; Located in the highly sought after industrial submarket of Elk Grove, CA; Anchored by strong tenants with long term absolute NNN leases
