Medical Office Condo For
For Sale
$962,000
9381 East Stockton Boulevard, Elk Grove, CA 95624
Medical office condo available in Elk Grove, CA.
Property Size2,497 SF
Price / SF$385.26
Days on Market218
Property Features for 9381 East Stockton Boulevard
General Information
Standard status
Active
Size
2,497 SF
Property subtype
Healthcare
Listing Agency:
CBRE | Sacramento
Listed By:
Mark Tabak · License #01766396
(916) 446-8214
Source:
Cbre
Added: Mar 26
Changed: Oct 28
Last Checked: Oct 28 at 7:09AM
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 | Sacramento
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A medical office condo is available for purchase on E. Stockton Blvd. in Elk Grove, California. The property is visible from Highway 99 and has a size of 2497 square feet.
Key Highlights
- Medical office condo
- Located on E. Stockton Blvd.
- In Elk Grove, CA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,757
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,140
$695.1K
Cap Rate 7%
$496,529
$496.5K
Cap Rate 9%
$386,189
$386.2K
Market Conditions
NOI Build-Up for 2,497 SF
Gross rent
$55.4K $22.20/SF
− Vacancy
−$9.1K −$3.64/SF
EGI
$46.3K $18.56/SF
− OpEx
−$11.6K −$4.64/SF
NOI
$34.8K $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 Rate 5%
$695,140
Cap Rate 7%
$496,529
Cap Rate 9%
$386,189
Alternative Uses
Best Use
Office B
$496.5K
$434.5K – $579.3K
NOI $34,757 @ 7.0% cap · market cap 3.61%
Second Best
Healthcare Medical
$472.6K
$413.5K – $551.3K
NOI $33,080 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$624.1K
$546.1K – $728.1K
NOI $43,687 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,891
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Dr. Trissauna Larson — 8640 Elk Grove Blvd, Elk Grove, CA 95624
- Armstrong Grace DVM — 8640 Elk Grove Blvd, Elk Grove, CA 95624
- Rebecca Vanriper — 8640 Elk Grove Blvd, Elk Grove, CA 956241701
- Veterinary Emergency Group — 9141 W Stockton Blvd #100, Elk Grove, CA 95758
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office condo available in Elk Grove, CA.
Where is this medical office space located?
The property is located at 9381 East Stockton Boulevard Elk Grove, CA.
What is the asking price?
The asking price for this property is $962,000.
What are key features of this property?
This property features: Medical office condo; Located on E. Stockton Blvd.; In Elk Grove, CA
