Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9381 E Stockton Blvd Elk Grove, CA 95624

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Medical office condo available in Elk Grove, CA.

    Type:Office
    Property size:
    2,497 SF
    Price / SF:
    $385/SF
    Added:
    Oct 18, 2024
    Days on Market:
    554
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 9381 E Stockton Blvd

    General Information

    Standard status
    Active
    Size
    2,497 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Mark Tabak

    Listing agent Mark Tabak License #CA 01766396

    Listing office CBRE - Sacramento

    Listing date Oct 18, 2024

    Source Crexi

    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

    Overview

    Medical Office Condo For Sale

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Margarita Escobar at the Escobar ... Real Estate Agency Land Home Financial ... Loan Service Case Dental Group Dental Office Family Smile Center Dental Office Dr. Christine N. ... Dental Office

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove
    County
    Sacramento
    State
    California
    Longitude
    -121.3915172
    Latitude
    38.4166897

    Nearby Similar for Sale

    • $980,000
      1,636 SF

      Restaurant Condo with Outdoor Patio

      Restaurant condo with patio near Apple campus for sale.
      9080 Laguna Main St, Elk Grove, CA 95758
      View Details
    • $2,495,000
      4,572 SF

      Fully Leased Retail Asset

      Three-tenant NNN retail asset anchored by Starbucks drive-thru.
      2300 Longport Ct, Elk Grove, CA 95758
      View Details
    • $962,000
      2,497 SF

      Medical Office Condo For Sale

      2,497 SF medical office condo visible from Highway 99.
      9381 East Stockton Boulevard, Elk Grove, CA, 95624
      View Details
    • $3,490,000
      10,844 SF

      Elk Grove Flex/Office Building

      Two-tenant flex/office building in Elk Grove with I-5 access.
      2204 Kausen Dr, Elk Grove, CA
      View Details
    • $55,000

      Elk Grove Commercial Property

      Commercial property for sale in Elk Grove, California.
      8690 Elk grove Boulevard 6, Elk Grove, CA 95624
      View Details
    • $7,000,000
      18,890 SF

      Elk Grove Auto Mall Property

      18,890 SF auto shop in Elk Grove Auto Mall.
      8586 Laguna Grove Dr, Elk Grove, CA
      View Details
    • $11,950,000
      47,392 SF

      Elk Grove Multi-Tenant Industrial Building

      47,392 SF industrial building 100% leased in Elk Grove.
      9068 Elkmont Dr, Elk Grove, CA
      View Details
    • $1,150,000
      3,080 SF

      Elk Grove Office Building

      Office building with 3,080 square feet of space.
      9299 E Stockton Blvd, Elk Grove, CA
      View Details
    • $5,304,000
      2,057 SF

      NNN Leased Investment Opportunity

      Two-tenant NNN leased investment property for sale.
      10065 Bruceville Rd, Elk Grove, CA
      View Details
    • $185,000
      2,650 SF

      Retail Space For Sale

      2,650 SqFt retail space available for purchase.
      8420 Elk Grove Florin Rd, Elk Grove, CA 95624
      View Details
    • $5,700,000
      49,222 SF

      Elk Grove Retail Property

      Retail property available for sale in Elk Grove, California.
      2475 Elk Grove Blvd, Elk Grove, CA
      View Details
    • $12,580,000
      37,000 SF

      City Sports Club Investment Opportunity

      Freestanding City Sports Club in Elk Grove, California for sale.
      8438 Elk Grove Florin Rd, Elk Grove, CA 95624
      View Details

    FAQs

    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 E Stockton Blvd 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
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mark Tabak
    Real Estate License ID: CA 01766396
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!