Single-Story Medical Office
For Sale
$3,264,208
9250 Big Horn Boulevard, Elk Grove, CA 95758
Includes finished clinical space alongside shell area for tenant improvements.
Property Size10,767 SF
Price / SF$303.17
Days on Market91
Property Features for 9250 Big Horn Boulevard
General Information
Standard status
Active
Size
10,767 SF
Property subtype
Healthcare
Listing Agency:
CBRE - Roseville
(916) 781-4818
Listed By:
Kevin Larscheid · License #01228497
(916) 781-4818
Source:
Cbre
Added: Jun 2
Changed: Aug 30
Last Checked: Aug 30 at 9:46PM
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 CBRE - Roseville
Investment Insights
Based on property information with market context.
This single-story medical office property was constructed in 2019 and contains multiple tenant areas. Approximately 6,297 SF is configured for medical practice use, with exam rooms featuring sinks and fully equipped surgical rooms. An additional ±6,398 SF remains in shell condition for tenant improvements and customization. Associated parking, including some covered spaces, and landscaped grounds are situated on approximately ±1.13 acres.
The property is located in Elk Grove adjacent to Sutter Medical Plaza and UC Davis Medical Center, with professional medical, office, retail, and residential uses surrounding the site. MP — Industrial Office Park zoning permits a range of potential uses, including general office, medical, research and development, light industrial, and high-tech office applications, subject to required governmental approvals.
The sale is being conducted through Chapter 11 proceedings and remains subject to Bankruptcy Court approval.
The property is located in Elk Grove adjacent to Sutter Medical Plaza and UC Davis Medical Center, with professional medical, office, retail, and residential uses surrounding the site. MP — Industrial Office Park zoning permits a range of potential uses, including general office, medical, research and development, light industrial, and high-tech office applications, subject to required governmental approvals.
The sale is being conducted through Chapter 11 proceedings and remains subject to Bankruptcy Court approval.
Key Highlights
- ±6,297 SF built out for medical practice use
- ±6,398 SF of shell space available for tenant improvements
- Exam rooms with sinks and fully equipped surgical rooms
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
$149,870
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
4.59%
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%
$2,997,400
$3.0M
Cap Rate 7%
$2,141,000
$2.1M
Cap Rate 9%
$1,665,222
$1.7M
Market Conditions
NOI Build-Up for 10,767 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
$239.0K $22.20/SF
− Vacancy
−$39.2K −$3.64/SF
EGI
$199.8K $18.56/SF
− OpEx
−$50.0K −$4.64/SF
NOI
$149.9K $13.92/SF
Area
Elk Grove, CA
Vacancy
16.40%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$2,997,400
Cap Rate 7%
$2,141,000
Cap Rate 9%
$1,665,222
Alternative Uses
Best Use
Office B
$2.14M
$1.87M – $2.50M
NOI $149,870 @ 7.0% cap · market cap 4.59%
Second Best
Healthcare Medical
$2.04M
$1.78M – $2.38M
NOI $142,641 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$2.69M
$2.35M – $3.14M
NOI $188,377 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,684
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 95758, CA
64,517
Population
22,755
Households
2.8
Avg Household Size
38
Median Age
37%
College-Educated
92%
High-School Grad
13.6 sq mi
ZIP Area
4,744
Density / Sq Mi
$115,146
Median Household Income
$57,489
Median Earnings
$2,178
Median Rent
$558,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Includes finished clinical space alongside shell area for tenant improvements.
Where is this medical office space located?
The property is located at 9250 Big Horn Boulevard Elk Grove, CA.
What is the asking price?
The asking price for this property is $3,264,208.
What are key features of this property?
This property features: ±6,297 SF built out for medical practice use; ±6,398 SF of shell space available for tenant improvements; Exam rooms with sinks and fully equipped surgical rooms
