Warehouse With
For Sale
Contact for pricing
9092 Elkmont Way, Elk Grove, CA
Light industrial property combines customer-facing showroom space with functional warehouse improvements.
Property Size4,560 SF
Price / SF$252.19
Days on Market11
Property Features for 9092 Elkmont Way
General Information
Standard status
Active
Size
4,560 SF
Class
B
Property subtype
Industrial
Zoning
LI - Light Industrial
Lease Type
NNN
Investment Type
Owner/User
Site & Location
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
20 ft
Sprinkler System
Yes
Amenities
grade level doors
skylights
natural gas service
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Colliers - Sacramento, California
Listed By:
Tommy Ponder · License #CA 01431506
Source:
Crexi
Added: Aug 10
Changed: Aug 15
Last Checked: Aug 20 at 3:34PM
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, California
Investment Insights
Based on property information with market context.
This 4,560 SF warehouse in Elk Grove includes a showroom component, 18'–20' clear height, grade-level loading doors, and approximately 2,000 SF of yard space. Skylights, full sprinkler coverage, and natural gas service are also in place. The property is zoned LI - Light Industrial.
The building is currently occupied by Gentry Supply & Decor, LLC under a NNN lease extending through May 31, 2027. Its combination of showroom area, warehouse volume, outdoor yard space, and existing industrial services supports a range of commercial operating requirements.
The building is currently occupied by Gentry Supply & Decor, LLC under a NNN lease extending through May 31, 2027. Its combination of showroom area, warehouse volume, outdoor yard space, and existing industrial services supports a range of commercial operating requirements.
Key Highlights
- ±4,560 SF warehouse with showroom
- 18' - 20' clear height
- Approximately 2,000 SF of yard space
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
$50,258
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
4.37%
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%
$1,005,160
$1.0M
Cap Rate 7%
$717,971
$718.0K
Cap Rate 9%
$558,422
$558.4K
Market Conditions
NOI Build-Up for 4,560 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
$77.7K $17.04/SF
− Vacancy
−$5.9K −$1.30/SF
EGI
$71.8K $15.74/SF
− OpEx
−$21.5K −$4.72/SF
NOI
$50.3K $11.02/SF
Area
Elk Grove, CA
Vacancy
7.60%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,005,160
Cap Rate 7%
$717,971
Cap Rate 9%
$558,422
Alternative Uses
Best Use
Retail
$718.0K
$628.2K – $837.6K
NOI $50,258 @ 7.0% cap · market cap 4.37%
Second Best
Warehouse
$388.5K
$339.9K – $453.2K
NOI $27,193 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$1.14M
$997.3K – $1.33M
NOI $79,781 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Well-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?
Warehouse - Light industrial property combines customer-facing showroom space with functional warehouse improvements.
Where is this warehouse located?
The property is located at 9092 Elkmont Way Elk Grove, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: ±4,560 SF warehouse with showroom; 18' - 20' clear height; Approximately 2,000 SF of yard space
