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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2218 Kausen Dr Elk Grove, CA 95758

    • Office buildings
    • 27,204 SF
    • 2.05 lot acres
    For Lease
    View listing
    $27 SF/Yr
    Last Sale
    May 12, 2022
    $13,700,000
    Value Estimations
    $12,745,000
    Cap Rate Potential
    3%
    Office buildings
    Location Intelligence
    Property ID
    US09-2310735
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Jesus A. Trujillo, RD / Nutritionist / Doctor
    • Johan Winoto / Internist / Practitioner Service Location
    • Dr. Syed Ali / Internist / Nephrologist

    Property Details for 2218 Kausen Dr

    Year built
    2006
    Construction
    TILT-UP CONCRETE
    Lot size
    2.05 lot acres
    Property size
    27,204 SF
    Zone code
    LI
    Property type
    Office buildings
    APN
    119-1930-024-0000
    APU
    11919300240000

    Description

    This exceptional Class A office building, located at 2218 Kausen Drive in Elk Grove, California, offers a rare opportunity for businesses seeking flexible and spacious accommodations. Built in 2006, the single-story building boasts a total of 27,204 square feet, situated on a generous 2.05-acre lot. Currently, a significant 24,157 square feet of space is immediately available, divisible into units as small as 6,172 square feet, offering maximum flexibility for various business needs. The property is zoned Light Industrial (LI), providing versatility for a range of office uses. The building's design incorporates features suitable for traditional office setups, coworking spaces, executive offices, medical offices, and creative office environments. The substantial vacant space features a heavier build-out, including private offices, conference rooms, break rooms, dedicated work areas, and open space ideal for cubicles. This prime Elk Grove location offers easy access to major transportation routes and amenities, making it an ideal location for businesses of all sizes. The APN is 119-1930-024-0000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $13,460,000
      ML approach
      $9,095,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,610,000
      Market price range: $6.20M - $12.4M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $9,225,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $19,890,000
      Change: +116% Conversion: Difficult
      RESTAURANT
      $12,795,000
      Change: +39% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove
    County
    Sacramento
    State
    California
    Longitude
    -121.484
    Latitude
    38.4282
    CBSA code
    40900
    CBSA name
    SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $87,787
    $832,320
    $6,658,560
    $7,490,880
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $315,000
      3,124 SF

      9575 Laguna Spgs Dr

      OFFICE BUILDING • 3,124 SF
      9575 Laguna Spgs Dr, Elk Grove, CA 95758-8206
      View Details
    • Value Estimation
      $665,000
      25,290 SF

      9281 Ofc Park Cir Ste, Unit 115

      OFFICE BUILDING • 25,290 SF
      9281 Ofc Park Cir Ste, Elk Grove, CA 95758-8069
      View Details
    • Value Estimation
      $525,000
      17,894 SF

      2368 Maritime Dr

      OFFICE BUILDING • 17,894 SF
      2368 Maritime Dr, Elk Grove, CA 95758-3652
      View Details
    • Value Estimation
      $7,170,000
      25,872 SF

      9424 Big Horn Blvd

      OFFICE BUILDING • 25,872 SF
      9424 Big Horn Blvd, Elk Grove, CA 95758-1102
      View Details
    • Value Estimation
      $345,000
      3,588 SF

      2350 Maritime Dr

      OFFICE BUILDING • 3,588 SF
      2350 Maritime Dr, Elk Grove, CA 95758-3639
      View Details
    • Value Estimation
      $1,135,000
      51,240 SF

      9280 Stockton Blvd

      OFFICE BUILDING (MULTI-STORY) • 51,240 SF
      9280 Stockton Blvd, Elk Grove, CA 95758-8073
      View Details

    Similar Nearby for Sale

    • $3,490,000
      10,844 SF

      Elk Grove Flex/Office Building

      Two-tenant flex/office building in Elk Grove with I-5 access.
      2204 Kausen Dr, Elk Grove, CA 95758
      View Details
    • Contact for pricing
      20,000 SF

      Proposed Office Park in Elk Grove

      Proposed office and medical space near Highway 99 and hospitals.
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    • $585,000
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      Elk Grove Office Condo

      Office condo available for sale in Elk Grove, CA.
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    • $980,000
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      Retail Property in Elk Grove

      Retail property for sale in Elk Grove, California.
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      Elk Grove Commercial Land Opportunity

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    Similar Nearby for Lease

    • Contact for pricing
      24,000 SF

      Class A Office Space Available

      Premier Elk Grove mixed-use development, Class A office space for lease.
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      View Details
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      Elk Grove Office Space Available

      1,628 SF Medical/Commercial Office
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    • $3,336 /Mo
      11,520 SF

      Elk Grove Flex Office Space

      Flex office space in Elk Grove's Laguna West Business Park.
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    • $2 SF/Yr
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      Medical/Office Space For Lease

      Medical/Office space available for lease near Hwy 99.
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    • $2 SF/Yr
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      Elk Grove Office Space Available

      Office space available for lease in Elk Grove, CA.
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      View Details
    • $27 SF/Yr
      27,204 SF

      Elk Grove Office Space Available

      Prime Elk Grove office, flexible suites, 24,157 sq ft available.
      2218 Kausen Dr, 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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