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Property profile & analytics
FOR LEASE
Office buildings
2368 Maritime Dr, Elk Grove, CA 95758
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2958449
For Lease
1 / 2
$2,700,000
2368 Maritime Dr, Elk Grove, CA 95758
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Property summary
AI-generated overview
This Elk Grove, CA office property at 2368 Maritime Dr (APN 119-1920-044-0000), offers 17,894 square feet of versatile space in a single, two-story building constructed in 2007. The property is zoned MP and sits on a 23,058 square foot lot, conveniently located off I-5 near Harbour Point Dr. Multiple tenancy options are available, with spaces ranging from a minimum of 916 square feet to a maximum contiguous space of 10,181 square feet
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
TILT-UP CONCRETE
Total area
17,894 SF
Lot
0.53 ac (23,058 SF)
Zoning code
MP
APN
119-1920-044-0000
UPID
US09-2958449
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
-
Law Office of Steve Whitworth PC Law Firm
-
Business PC Support Tech Support Center IT Consulting Firm
-
Marlu Investment Group Corporate Office
-
Universal ATM Network, Inc. Computer Hardware Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$2.70M
Owner & transaction history
Nader Lutfi · 5 yrs held
Nader Lutfi
since 2021
7 recorded transactions
Zoning & alternative use
MP · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.70M
Range $2.43M – $2.97M · ±10%
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
$151 / 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
$34,661
Tax year 2024
Assessed value
$3,218,098
Assessed 2024
Previous assessed
$3,218,098
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$173,683
Assessed improvement
$3,044,415
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 Lease
Year built
2007
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
2
Total area
17,894 SF
Lot
0.53 ac (23,058 SF)
Zoning code
MP
APN
119-1920-044-0000
UPID
US09-2958449
Jurisdiction
SACRAMENTO
Zoning & alternative use
MP · Elk Grove, CA
Zoning MP · permitted uses
MP · 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
2007
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
Nader Lutfi
Individual
Mailing address
8711 CHAMBRAY RD, ELK GROVE, CA 95624-9374
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2021
—
Nader Lutfi
—
Deed
related
$1,000,000 · Banner Bank
Feb 5, 2021
—
Nader Lutfi
Lutfi Properties LLC
Deed
—
Oct 21, 2020
—
Lutfi Properties LLC
—
Deed
related
$1,000,000 · Bank Of Stockton
Oct 24, 2019
—
Lutfi Properties LLC
Anton Lutfi
Quit Claim Deed
related
—
Apr 9, 2013
$2,250,000
Anton Lutfi
990 Reserve Drive LLC
Grant Deed
—
Mar 6, 2012
$1,400,000
990 Reserve Drive LLC
Roseville Bk Of Commerce
Grant Deed
—
Nov 9, 2011
$1,700,000
Roseville Bk Of Commerce
Fidelity National Title Co
Trustees Deed
related
—
Aug 1, 2006
—
Sce-maritime LLC
—
Trustees Deed
related
$2,949,000 · Roseville Bank Of Commerce
—
—
Sce-maritime LLC
—
Deed Of Trust
related
$52,975 · Dekreak Construction INC
—
—
Anton Lutfi
—
Deed Of Trust
related
$1,575,000 · American Fidelity Assurance Co
—
—
Lutfi Properties LLC
—
Deed Of Trust
related
$1,000,000 · Bank Of Stockton
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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