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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Medical Office Space
2382 Maritime Dr, Elk Grove, CA 95758-3658
Individually Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3028471
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
WOOD
Total area
3,588 SF
Lot
0.18 ac (7,984 SF)
Zoning code
MP
APN
119-1920-049-0000
UPID
US10-3028471
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
-
Gregory Bensch Physician Medical Clinic
-
Dr. Jude Waterbury, MD Physician
-
Frei Jeannette MD Physician
-
Carmichael M J Employment Agency
-
Michael Balduzzi Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$730k
Comparable Approach
Comparable
$681k
Blend (final)
Blend
$535k
Owner & transaction history
Elk Grove Allergy-dermatology · 9 yrs held
Elk Grove Allergy-dermatology
since 2017
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%
$790,000
6.5%
$730,000
7%
$680,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$840,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$149 / 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
$9,635
Tax year 2024
Assessed value
$887,501
Assessed 2024
Previous assessed
$887,501
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$228,701
Assessed improvement
$658,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
3,588 SF
Lot
0.18 ac (7,984 SF)
Zoning code
MP
APN
119-1920-049-0000
UPID
US10-3028471
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$840,000
COMMERCIAL (GENERAL)
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
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Elk Grove Allergy-dermatology
Individual
Free & Clear · 9 yrs held
Mailing address
4628 GEORGETOWN PL, STOCKTON, CA 95207-6204
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2017
—
Elk Grove Allergy-dermatology
—
Deed
related
$624,000 · Bank Of Stockton
Jun 12, 2017
$780,000
Elk Grove Allergy-dermatology
Frei Living Trust
Grant Deed
—
Apr 11, 2013
—
Frei Living Trust
Frei,michael A & Jeannette I
Quit Claim Deed
related
—
Mar 28, 2008
—
Jeannette I Frei
Thi Do Ha
Quit Claim Deed
related
$469,000 · Tracy San Joaquin County Certified Devel
Apr 24, 2007
$843,500
Michael A Frei
Robert Do
Grant Deed
$570,090 · Elk Grove Commerce Bank
Feb 17, 2006
$700,000
Robert Do
Sce-maritime LLC
Grant Deed
$637,835 · Five Star Bank
—
—
Elk Grove Allergy-dermatology
—
Deed Of Trust
related
$624,000 · 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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