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Property profile & analytics
FOR SALE
Office buildings
2204 Kausen Dr, Elk Grove, CA 95758
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3036037
For Sale
1 / 3
$3,490,000
2204 Kausen Dr, Elk Grove, CA 95758
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
TILT-UP CONCRETE
Total area
10,463 SF
Lot
0.82 ac (35,719 SF)
Zoning code
LI
APN
119-1930-026-0000
UPID
US10-3036037
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
$2.03M
CAP Approach
CAP
$2.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.31M
Owner & transaction history
M J Management Services LLC · 3 yrs held
M J Management Services LLC
since 2022
Last sale
$2.6M
6 recorded transactions
Zoning & alternative use
LI · 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
$1,995,000
ML approach
$2,030,000
CAP Approach
CAP Return
Estimation
6%
$2,590,000
6.5%
$2,390,000
7%
$2,220,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,550,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,995,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.31M
Range $2.07M – $2.54M · ±10% · vs last sale $2.55M (Dec 29 2022)
Last sale anchor
$2.55M
Dec 29 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
$220 / 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
$31,703
Tax year 2024
Assessed value
$2,701,000
Assessed 2024
Previous assessed
$2,701,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$408,000
Assessed improvement
$2,293,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
10,463 SF
Lot
0.82 ac (35,719 SF)
Zoning code
LI
APN
119-1930-026-0000
UPID
US10-3036037
Jurisdiction
SACRAMENTO
Zoning & alternative use
LI · Elk Grove, CA
Zoning LI · permitted uses
LI · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
M J Management Services LLC
Entity
Mailing address
22802 AVE 296, EXETER, CA 93221-9465
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2022
$2,550,000
M J Management Services LLC
Jeffrey J Jackson
Grant Deed
$1,400,000 · Five Star Bank
Oct 28, 2019
$2,150,000
Jeffrey J Jackson
Freeman Investments LLC
Grant Deed
$1,200,000 · Five Star Bk
Dec 19, 2018
—
Freeman Invs
—
Deed
related
$2,500,000 · Umpqua Bk
Jul 3, 2007
—
Freeman Investments LLC
Laguna West Ph II LLC
Grant Deed
$1,335,000 · Stockmans Bank
—
—
Freeman Invs
—
Deed Of Trust
related
$2,500,000 · Umpqua Bk
—
—
Freeman Invs
—
Deed Of Trust
related
$1,270,500 · Farmers & Merchants Bk/ctrl Ca
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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