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    Property profile & analytics

    7101-7221 Elk Grove Blvd Elk Grove, CA 95758

    • Neighborhood centers
    • 100,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 7101-7221 Elk Grove Blvd

    Property size
    100,000 SF
    Property type
    Neighborhood centers
    Property subtype
    Community centers

    Description

    This ±100,000 square foot neighborhood shopping center in Sacramento County, California, presents a unique opportunity for retail tenants. Located at 7101-7221 Elk Grove Blvd, Elk Grove, CA 95758, this property boasts a prominent position at a strategic intersection serving the rapidly growing communities of Laguna, Laguna West, Lakeside, and Elliott Ranch South. The center is anchored by Nugget and Rite Aid, providing strong co-tenancy and significant foot traffic. The property is classified as a Neighborhood Center, offering endcap and junior anchor spaces. Multiple tenancies are available, with a minimum divisible space of 16,320 square feet and a maximum contiguous space of 16,320 square feet. The South Laguna area, adjacent to the property and south of Elk Grove Boulevard, represents the largest new residential development approved in Sacramento, ensuring a robust and expanding customer base for years to come. This location offers exceptional visibility and accessibility, making it an ideal choice for businesses seeking to establish or expand their presence in a thriving market. The property's size and configuration provide flexibility for a variety of retail uses. Contact us today to learn more about this exceptional retail opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove
    County
    Sacramento
    State
    California
    Longitude
    -121.419
    Latitude
    38.4097

    Comparable in this City

    • Value Estimation
      $5,915,000
      65,148 SF

      7440 Laguna Blvd

      MINI-MALL • 65,148 SF
      7440 Laguna Blvd, Elk Grove, CA 95758-5070
      View Details
    • Value Estimation
      $655,000
      5,500 SF

      9158 Stockton Blvd

      MINI-MALL • 5,500 SF
      9158 Stockton Blvd, Elk Grove, CA 95758-8050
      View Details
    • Value Estimation
      $1,430,000
      7,200 SF

      8161 Elk Grv Blvd

      MINI-MALL • 7,200 SF
      8161 Elk Grv Blvd, Elk Grove, CA 95758-5904
      View Details
    • Value Estimation
      $1,870,000
      19,900 SF

      7715 Laguna Blvd

      MINI-MALL • 19,900 SF
      7715 Laguna Blvd, Elk Grove, CA 95758-5062
      View Details
    • Value Estimation
      $1,085,000
      10,800 SF

      7427 Laguna Blvd

      MINI-MALL • 10,800 SF
      7427 Laguna Blvd, Elk Grove, CA 95758-5060
      View Details
    • Value Estimation
      $3,925,000
      20,000 SF

      8215 Laguna Blvd

      MINI-MALL • 20,000 SF
      8215 Laguna Blvd, Elk Grove, CA 95758-7962
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      1,798 SF

      Elk Grove Retail Space Available

      Retail space for lease in a community shopping center.
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      2,993 SF

      Elk Grove Retail Space Available

      Community center retail space in a high-traffic Elk Grove location.
      7505-7717 Laguna Blvd, Elk Grove, CA 95758
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      1,250 SF

      Retail Space in Laguna Creek

      Retail space available in a busy Elk Grove shopping center.
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      3,500 SF

      Retail Space in Laguna Gateway

      Retail space for lease in a busy Elk Grove center.
      8235 Laguna Blvd, Elk Grove, CA 95758
      View Details
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    Elk Grove, CA 95758
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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
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