Restaurant and Banquet
For Sale
Contact for pricing
9171 Elk Grove Florin Rd Ste 6, Elk Grove, CA 95624
Turnkey restaurant and banquet operation offered with included equipment, furnishings, and business assets for an owner-operator.
Property Size7,500 SF
Price / SF$120
Days on Market52
Property Features for 9171 Elk Grove Florin Rd Ste 6
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Business for Sale
Additional Details
Business Included
Yes
Listing Agency:
RE/MAX Commercial
(916) 204-0394
Listed By:
Haroon Muzaffar · License #02208812
Source:
Crexi
Added: Jun 16
Changed: Jul 10
Last Checked: Aug 5 at 7:18AM
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 RE/MAX Commercial
Investment Insights
Based on property information with market context.
VIRSA RESTAURANT and BANQUET HALL is offered for sale as a ready-to-operate restaurant business located in Suite 6 at 9171 Elk Grove Florin Rd in Elk Grove, CA. The transaction includes key restaurant and banquet business assets such as inventory, machinery, furniture, fixtures, equipment, goodwill, and accompanying business materials, as listed in the offering. The sale also includes existing lease-related items, including the lease deposit held with the landlord, along with leases, vendor lists, fictitious business name statement, distribution rights, and agreements not to compete, plus an allocation of purchase price.
The property is positioned along Elk Grove Florin Road in an active commercial corridor. The offering notes strong visibility and convenient access, with proximity to surrounding residential neighborhoods and retail activity.
This configuration is well suited for an owner-user or experienced operator seeking a turnkey restaurant and banquet concept with the listed infrastructure and included business components. Because the sale packages both the operational assets and the related lease and business agreements, buyers should be prepared for a transaction structured around continuing the existing operating framework associated with the included materials.
The property is positioned along Elk Grove Florin Road in an active commercial corridor. The offering notes strong visibility and convenient access, with proximity to surrounding residential neighborhoods and retail activity.
This configuration is well suited for an owner-user or experienced operator seeking a turnkey restaurant and banquet concept with the listed infrastructure and included business components. Because the sale packages both the operational assets and the related lease and business agreements, buyers should be prepared for a transaction structured around continuing the existing operating framework associated with the included materials.
Key Highlights
- VIRSA Restaurant and Banquet Hall at 9171 Elk Grove Florin Rd, Ste 6, Elk Grove, CA 95624
- Offered at $900,000 for a ready‑to‑run restaurant and banquet operation
- Included business assets: inventory, machinery, furniture, fixtures, and equipment
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.3k | $8.04 |
| − Vacancy | −$1.9k | −$0.26 |
| EGI | $58.4k | $7.78 |
| − OpEx | −$17.5k | −$2.34 |
| NOI | $40.9k | $5.45 |
7,500 SF · lease $8.04/SF/yr · vacancy 3.18% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.36M
$1.19M – $1.59M
NOI $95,175 @ 7.0% cap · market cap 10.58%
Second Best
Industrial
$583.8K
$510.9K – $681.1K
NOI $40,868 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.87M
$1.64M – $2.19M
NOI $131,219 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
137k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 34%
Groceries 26%
Beauty & Spa 1%
Save Mart
Groceries
35,729 visits/mo
0.1 miles
ARCO
Shops & Services
17,768 visits/mo
0.1 miles
Starbucks
Dining
16,867 visits/mo
0.2 miles
Jack in the Box
Dining
14,443 visits/mo
0.1 miles
Wendy's
Dining
10,840 visits/mo
0.1 miles
Demographics for 95624, CA
66,575
Population
20,740
Households
3.2
Avg Household Size
39
Median Age
33%
College-Educated
89%
High-School Grad
45.6 sq mi
ZIP Area
1,460
Density / Sq Mi
$121,269
Median Household Income
$53,303
Median Earnings
$1,960
Median Rent
$603,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant and banquet operation offered with included equipment, furnishings, and business assets for an owner-operator.
Where is this conventional restaurant located?
The property is located at 9171 Elk Grove Florin Rd Ste 6 Elk Grove, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: VIRSA Restaurant and Banquet Hall at 9171 Elk Grove Florin Rd, Ste 6, Elk Grove, CA 95624; Offered at $900,000 for a ready‑to‑run restaurant and banquet operation; Included business assets: inventory, machinery, furniture, fixtures, and equipment
