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    QSR2 Nec Waterman Rd & Grant Line Rd Elk Grove, CA 95624

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    For Lease
    $60 SF/Yr ($11,250 /Mo)

    Prime QSR Pad, Drive-Thru, High Traffic

    Lot size:
    2,230 SF

    Property Features for QSR2 Nec Waterman Rd & Grant Line Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,230 SF
    Total Rate
    11250.35

    Spaces For Lease

    at QSR2 Nec Waterman Rd & Grant Line Rd, Elk Grove, CA 95624 Contact us
    Unit

    $60 /Mo

    Size
    2,230 SF
    Contact us

    We can help!

    Listing Contact
    Kurt Parkinson
    Kurt Parkinson

    Listing Agency: Coldwell Banker Realty Sacramento Listing Agent: Kurt Parkinson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This fully entitled, 2,230 square-foot quick-service restaurant pad with drive-thru is situated on a 0.75-acre lot in Sacramento County. Boasting excellent visibility and frontage on Grant Line Road (approximately 23,000 vehicles per day at the intersection), this property benefits from its proximity to Highway 99 (within one mile) and the soon-to-be-completed Southeast Connector, promising significant traffic increases. On and off-site improvements will be completed by the developer. The ground lease offers an 180-month term at an annual rate of $135,000. This location is strategically positioned to capitalize on the growth spurred by nearby residential areas, industrial facilities, and planned retail developments. Neighboring businesses include a new Tractor Supply and a large Kubota Tractors training facility. The site is part of a larger development including a Shell gas station with Loop Market and Express Car Wash, and additional retail/restaurant spaces. Expected delivery is in the first quarter of 2025. This is a single-tenant property ideal for a quick-service restaurant operator seeking a high-traffic location with strong growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elk Grove
    County
    Sacramento
    State
    California
    Longitude
    -121.3499637
    Latitude
    38.3854163

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    FAQs

    What type of property is this?
    Restaurant - Prime QSR Pad, Drive-Thru, High Traffic
    Where is this restaurant located?
    The property is located at QSR2 Nec Waterman Rd & Grant Line Rd Elk Grove, CA.
    What is the lease rate?
    The lease rate is $60 SF/Yr.
    What are key features of this property?
    This property features: Fully entitled 2,230 sq. ft. quick-service restaurant pad with drive-thru.; 0.75-acre lot with Grant Line Road frontage (approx. 23,000 VPD).; Located within one mile of Hwy 99 interchange and the Southeast Connector.
    (916) 607-3674
    Request Owner's contact information
    QSR2 Nec Waterman Rd & Grant Line Rd Elk Grove, CA 95624
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    Elk Grove, CA 95624
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    QSR2 Nec Waterman Rd & Grant Line Rd Elk Grove, CA 95624
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    Listing Contact
    Kurt Parkinson
    Kurt Parkinson
    Real Estate License ID: 01517516
    (916) 607-3674 (916) 972-0212
    Learn more
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