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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Industrial land
10000 Waterman Rd, Elk Grove, CA 95624-4010
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5672518
Property summary
AI-generated overview
This exceptional industrial property, located at 10000 Waterman Road in Elk Grove, CA 95624, offers a substantial 180,894 square feet of warehouse space on a generous 9.95-acre lot. The building, newly constructed in 2025, boasts a 32-foot clear ceiling height, providing ample vertical storage capacity. Access is facilitated by 30 dock-high doors and 4 drive-in doors, ensuring efficient loading and unloading. The property is zoned HI (Heavy Industrial) and features robust power capabilities with 3,000 amps, 277/480 volts (tenant to independently verify). The site includes ample parking with 188 auto spaces and space for 28 trailers, along with 185 feet of truck courts. This property presents a significant opportunity for businesses requiring substantial warehouse space and convenient access in a prime Elk Grove location. The APN is 134-0181-041. The entire space is currently vacant, offering immediate occupancy. All information should be independently verified by the prospective tenant.
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
24.46 ac (1,065,477 SF)
Zoning code
HI
APN
134-0181-042-0000
UPID
US09-5672518
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$620k
Owner & transaction history
Florida Rock Industries INC · 8 yrs held
Florida Rock Industries INC
since 2017
7 recorded transactions
Zoning & alternative use
HI · Elk Grove, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Elk Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elk Grove submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$620k
Range $558k – $682k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$69,226
Tax year 2024
Assessed value
$5,698,515
Assessed 2024
Previous assessed
$5,698,515
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$5,698,515
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
24.46 ac (1,065,477 SF)
Zoning code
HI
APN
134-0181-042-0000
UPID
US09-5672518
Jurisdiction
SACRAMENTO
Zoning & alternative use
HI · Elk Grove, CA
Zoning HI · permitted uses
HI · Elk Grove, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elk Grove. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
24.46 ac
Current owner
From public records · entity-resolved
Florida Rock Industries INC
Entity
Free & Clear · 8 yrs held
Mailing address
1200 URBAN CTR DR, VESTAVIA, AL 35242-2545
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2017
$5,108,500
Florida Rock Industries INC
Pw Fund B LP
Grant Deed
—
Nov 13, 2017
$11,323,500
Pw Fund B LP
Buzz Oates Ents II
Grant Deed
related
—
Dec 31, 2012
$6,536,000
Buzz Oates Ents II
Buzz Oates Dev LP
Grant Deed
related
—
Dec 31, 2012
—
Buzz Oates Dev LP
Feletto Dev LLC
Grant Deed
related
—
Apr 23, 2007
—
Cable,scott W & M T Trust
Cable,scott W & Michelle T
Quit Claim Deed
related
—
Jun 14, 2005
—
Buzz Oates Dev
Buzz Oates Ents II
Quit Claim Deed
related
$3,715,000 · Buzz Oates Ents II
Oct 1, 2004
—
Buzz Oates Ents II
James Hardie Bldg Products INC
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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