Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    QSR1 Nec Waterman Rd & Grant Line Rd Elk Grove, CA 95624
    Back to Search
    Property profile & analytics

    QSR1 Nec Waterman Rd & Grant Line Rd Elk Grove, CA 95624

    View on Map
    • Retail properties & Spaces
    • 2,800 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for QSR1 Nec Waterman Rd & Grant Line Rd

    Property size
    2,800 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 0.75-acre lot in Sacramento County offers a fully entitled, 2,800 square foot quick-service restaurant pad with a dual-lane drive-thru. Situated on Grant Line Road, boasting approximately 23,000 vehicles per day at the intersection, this property benefits from high visibility and convenient access. Located within one mile of Highway 99 interchange and on the route of the upcoming Southeast Connector, this site promises significant traffic increases. On and off-site improvements will be completed by the developer. The 180-month ground lease is available at an annual rate of $145,000. This location is strategically positioned near new developments, including a Tractor Supply and a Kubota Tractors training facility, ensuring a strong customer base. The site is part of a larger development including a Shell gas station with a Loop Market and Express Car Wash, and additional retail/restaurant spaces. Planned outdoor seating enhances the dining experience. Expected delivery is Q1 2025. This is a rare opportunity to secure a prime location in a rapidly growing area.

    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
    -121.35
    Latitude
    38.3854

    Comparable in this City

    • Value Estimation by Request
      2,230 SF

      QSR2 Nec Waterman Rd & Grant Line Rd

      Restaurants • 2,230 SF
      QSR2 Nec Waterman Rd & Grant Line Rd, Elk Grove, CA 95624
      View Details
    • Value Estimation by Request
      3,400 SF

      Restaurant Nec Waterman Rd & Grant Line Rd

      Restaurants • 3,400 SF
      Restaurant Nec Waterman Rd & Grant Line Rd, Elk Grove, CA 95624
      View Details
    • Value Estimation by Request
      15.00 Acres

      99 & Grant Line Rd

      Restaurants • 15.00 Acres
      99 & Grant Line Rd, Elk Grove, CA 95624
      View Details
    • Value Estimation by Request
      30,979 SF

      8511-8591 Elk Grove Blvd

      Individual retail properties • 30,979 SF
      8511-8591 Elk Grove Blvd, Elk Grove, CA 95624
      View Details
    • Value Estimation by Request
      300,000 SF

      Calvine Rd & Elk Grv Florin Rd

      Neighborhood centers • 300,000 SF
      0 Calvine Rd & Elk Grv Florin Rd, Elk Grove, CA 95624
      View Details
    • Value Estimation by Request
      0.84 Acres

      Waterman Ct

      Land • 5,000 SF
      0 Waterman Ct, Elk Grove, CA 95624
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,944 SF

      Restaurant with Dual Lane Drive-Through

      Restaurant with dual lane drive-through and large outdoor patio.
      9583 Elk Grove Florin Rd, Elk Grove, CA 95624
      View Details
    • Contact for pricing

      Elk Grove Parcels For Sale

      Six parcels available in Elk Grove for office, industrial, retail.
      1 Waterman Rd, Elk Grove, CA 95624
      View Details
    • $960,000

      Prime Land with Freeway Visibility

      Land with frontage on East Stockton Boulevard, close to freeways.
      8731 Stockton Blvd, Elk Grove, CA 95624
      View Details
    • Contact for pricing

      Land at Signalized Intersection

      Land in Elk Grove at Bond and Bradshaw Road.
      9740 Bond Rd, Elk Grove, CA 95624
      View Details
    • Contact for pricing
      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

    Similar Nearby for Lease

    • $60 SF/Yr
      2,230 SF

      Grant Line Rd QSR Pad

      Prime QSR Pad, Drive-Thru, High Traffic
      QSR2 Nec Waterman Rd & Grant Line Rd, Elk Grove, CA 95624
      View Details
    • $42 SF/Yr
      3,400 SF

      Elk Grove Restaurant Opportunity

      Prime Elk Grove location, 3,400 sq ft.
      Restaurant Nec Waterman Rd & Grant Line Rd, Elk Grove, CA 95624
      View Details
    • Contact for pricing

      Elk Grove Retail For Lease

      Retail space available for lease in Elk Grove, California.
      8281 Sheldon Rd, Elk Grove, CA 95624
      View Details
    • Contact for pricing

      Retail Space in Elk Grove

      Retail property available for lease in Elk Grove, California.
      8703 Elk Grove Blvd, Elk Grove, CA 95624
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail property available for lease in Elk Grove, CA.
      8507-8519 Bond Rd, Elk Grove, CA 95624
      View Details
    • Contact for pricing

      Elk Grove Retail Space Available

      Retail spaces and pads for lease in Elk Grove.
      Swc Stockton Blvd And Sheldon Rd, Elk Grove, CA 95624
      View Details
    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.
    QSR1 Nec Waterman Rd & Grant Line Rd
    Elk Grove, CA 95624
    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

    Thank You for Inquiry
    QSR1 Nec Waterman Rd & Grant Line Rd, Elk Grove, CA, 95624
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!