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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Flex space
10144 Waterman Rd, Elk Grove, CA 95624-9403
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2151475
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1976
Total area
16,000 SF
Lot
6.91 ac (300,999 SF)
Zoning code
HI
APN
134-0181-009-0000
UPID
US09-2151475
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
Current use
Occupant on record · Public records
-
river city recycling Freight Service Logistics Company
-
Academy Products Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$965k
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$985k
Owner & transaction history
World Energy Elk Grove LLC · 3 yrs held
World Energy Elk Grove LLC
since 2022
Last sale
$1.0M
2 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
$980,000
ML approach
$965,000
CAP Approach
CAP Return
Estimation
6%
$1,455,000
6.5%
$1,340,000
7%
$1,245,000
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $1.00M (Oct 3 2022)
Last sale anchor
$1.00M
Oct 3 2022
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
$62 / SF
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
$27,921
Tax year 2024
Assessed value
$2,397,000
Assessed 2024
Previous assessed
$2,397,000
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,734,000
Assessed improvement
$663,000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1976
Heating
NONE
Buildings
2
Stories
1
Total area
16,000 SF
Lot
6.91 ac (300,999 SF)
Zoning code
HI
APN
134-0181-009-0000
UPID
US09-2151475
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
Year built
1976
Heating
NONE
Stories
1
Buildings
2
Lot
6.91 ac
Current owner
From public records · entity-resolved
World Energy Elk Grove LLC
Entity
Free & Clear · 3 yrs held
Mailing address
225 FRANKLIN ST STE #2330, BOSTON, MA 02110-2851
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
$1,000,000
World Energy Elk Grove LLC
Asphalt Terminals LLC
Grant Deed
—
May 3, 2019
$50,000
Asphalt Terminals LLC
World Asphalt Co
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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