Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2229 Kausen Dr Elk Grove, CA 95758-7115
    Back to Search
    Property profile & analytics

    2229 Kausen Dr, Elk Grove, CA 95758-7115

    View on Map
    • Warehouses
    • 106,507 SF
    • 4.55 lot acres
    Off-Market
    Property ID
    US09-0208244
    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.
    Value Estimations
    $7,420,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Harbour Point Self Storage / Storage Facility

    Property Details for 2229 Kausen Dr

    Year built
    2001
    Lot size
    4.55 lot acres
    Zone code
    LI
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    119-1930-001-0000
    APU
    11919300010000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 15, 2019 — Harbour Point Self Storage LLC — Grant Deed · related $7M · Miscellaneous Ins Co
    Sep 22, 2011 $5,700,000 Harbour Point Self Storage LLC Hp Storage I LLC Grant Deed —
    Jan 13, 2004 — Hp Storage I LLC Wright,tr Grant Deed · related —
    Dec 17, 2003 $7,150,000 Wright,tr West Laguna Self Storage LLC Grant Deed $4.2M · Auburn Community Bank
    Dec 21, 2000 — Angelo K Tsakopoulos Tsakopoulos,sefia Quit Claim Deed $4.2M · Auburn Community Bank
    Dec 4, 2000 $877,000 Angelo K Tsakopoulos River East Holding LLC Grant Deed —
    Oct 17, 2000 — Cheyenne Properties INC Slobe,robert J Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,288,000
      Market price range: $10.3M - $22.4M

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

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove
    County
    Sacramento
    State
    California
    Longitude
    -121.483
    Latitude
    38.4297
    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
    $74,347
    $1,231,423
    $4,936,028
    $6,167,451
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $610,000

      8761 Stockton Blvd

      MINI-WAREHOUSE, STORAGE
      8761 Stockton Blvd, Elk Grove, CA 95758
      View Details
    • Value Estimation by Request
      0.89 Acres

      Maritime Dr

      MINI-WAREHOUSE, STORAGE
      Maritime Dr, Elk Grove, CA 95758
      View Details
    • Value Estimation
      $22,275,000
      336,980 SF

      3000 Dwight Rd

      MINI-WAREHOUSE, STORAGE
      3000 Dwight Rd, Elk Grove, CA 95758-6413
      View Details
    • Value Estimation
      $2,220,000
      15,185 SF

      8680 Stockton Blvd

      MINI-WAREHOUSE, STORAGE
      8680 Stockton Blvd, Elk Grove, CA 95758-9504
      View Details
    • Value Estimation by Request
      0.16 Acres

      Maritime Dr

      MINI-WAREHOUSE, STORAGE
      Maritime Dr, Elk Grove, CA 95758
      View Details
    • Value Estimation
      $3,280,000
      7.84 Acres

      9025 Big Horn Blvd

      MINI-WAREHOUSE, STORAGE
      9025 Big Horn Blvd, Elk Grove, CA 95758-1774
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
      4,572 SF

      Fully Leased Retail Asset

      Three-tenant NNN retail asset anchored by Starbucks drive-thru.
      2300 Longport Ct, Elk Grove, CA 95758
      View Details
    • Contact for pricing
      5,994 SF

      Second Generation Restaurant Opportunity

      Restaurant space in high-growth Laguna area.
      7221 Laguna Blvd, Elk Grove, CA 95758
      View Details
    • Contact for pricing

      Sacramento Retail Pads Available

      Commercial land available for retail development in Elk Grove.
      8351 Bruceville Rd, Elk Grove, CA 95758
      View Details
    • Contact for pricing
      49,222 SF

      Elk Grove Retail Property

      Retail property available for sale in Elk Grove, California.
      2475 Elk Grove Blvd, Elk Grove, CA 95758
      View Details
    • Contact for pricing

      Elk Grove Industrial Land

      Land in Elk Grove, CA, rezoned for industrial office park.
      9027 Big Horn Blvd, Elk Grove, CA 95758
      View Details

    Similar Nearby for Lease

    • $1.85 SF/Yr
      5,309 SF

      Elk Grove Flex Space Available

      Office and warehouse space in a multi-building complex.
      3137 Dwight Rd, Elk Grove, CA 95758
      View Details
    • Sponsored
      Contact for pricing

      Elk Grove

      Discover many ways to work your way in Elk Grove
      9245 Laguna Springs Dr, Elk Grove, CA 95758
      View Details
    • Contact for pricing

      Community Center in Elk Grove

      Community center with national tenants available for lease.
      7440 Laguna Blvd, Elk Grove, CA 95758
      View Details
    • Contact for pricing
      1,110 SF

      Retail Space in Elk Grove

      Retail space available in a busy Elk Grove plaza.
      9015 Bruceville Rd, Elk Grove, CA 95758
      View Details
    • Contact for pricing
      1,236 SF

      Elk Grove Office Space Available

      Office space available for lease in Elk Grove, CA.
      2362 Maritime Dr, Elk Grove, CA 95758
      View Details
    • $2 SF/Yr

      Medical/Office Space For Lease

      Medical/Office space available for lease near Hwy 99.
      Elk Way, Elk Grove, CA 95758
      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.
    2229 Kausen Dr
    Elk Grove, CA 95758-7115
    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
    2229 Kausen Dr, Elk Grove, CA, 95758
    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!