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Property profile & analytics
OFF-MARKET
Office Spaces
2232 Longport Ctb Elk Grove, CA 95758-7183
Individually Owned
2-yr Hold
Free & Clear
Property ID
US09-3740019
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2009
Construction
WOOD
Total area
1,534 SF
Zoning code
GC
APN
119-1970-024-0002
UPID
US09-3740019
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Production Framing Systems Consulti · 2 yrs held
Production Framing Systems Consulti
since 2023
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
GC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,007
Tax year 2023
Assessed value
$163,599
Assessed 2023
Previous assessed
$163,599
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$50,392
Assessed improvement
$113,207
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2009
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
1,534 SF
Zoning code
GC
APN
119-1970-024-0002
UPID
US09-3740019
Jurisdiction
SACRAMENTO
Zoning & alternative use
GC · Elk Grove, CA
Zoning GC · permitted uses
GC · 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
2009
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Current owner
From public records · entity-resolved
Production Framing Systems Consulti
Individual
Free & Clear · 2 yrs held
Mailing address
1750 HOWE AVE STE #640, SACRAMENTO, CA 95825-3370
Ownership since
2023
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 27, 2023
—
Production Framing Systems Consulti
Legacy 87 LLC
Lease
—
Dec 27, 2023
$1,510,000
Legacy 87 LLC
Ninth & Jefferson Associates LLC
Grant Deed
$755,000 · Jpmorgan Chase Bank NA
Oct 18, 2018
$6,127,000
Ninth & Jefferson Assocs LLC
Pac West Office Equities LP
Trustees Deed
$4,740,000 · East West Bk
Jan 5, 2017
$5,174,500
Pac West Office Equities LP
Pac West Office Equities LP
Grant Deed
related
—
—
—
Ninth & Jefferson Assocs LLC
—
Loan Modification
related
$4,600,000 · East West Bk
—
—
Ninth & Jefferson Assocs LLC
—
Deed Of Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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