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Property profile & analytics
OFF-MARKET
Estimated value
$8,800,000
Motels
2460 Maritime Dr Elk Grove, CA 95758-3623
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1979000
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2003
Construction
WOOD
Total area
39,588 SF
Lot
1.23 ac (53,578 SF)
Zoning code
GC
APN
119-1920-011-0000
UPID
US10-1979000
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
-
Holiday Inn Express & Suites Elk Grove West I-5, an IHG Hotel Hotel & Motel
-
Reclaimed Wood Elk Grove Hardware & Home Improvement Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.80M
Owner & transaction history
Parijat Elk Grove LP · 2 yrs held
Parijat Elk Grove LP
since 2024
Last sale
$8.8M
7 recorded transactions
Zoning & alternative use
GC · Elk Grove, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.4M
+28.2%
Apartment house (5+ units)
$11.3M
+8.2%
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
$8,800,000
ML approach
$8,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$10,475,000
Current use
OFFICE BUILDING
$13,425,000
Change: +28% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,340,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$10,305,000
Change: -2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,220,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,245,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$8.80M
Range $7.92M – $9.68M · ±10% · vs last sale $8.80M (Mar 6 2024)
Last sale anchor
$8.80M
Mar 6 2024
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
$222 / 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
$103,955
Tax year 2024
Assessed value
$9,690,000
Assessed 2024
Previous assessed
$9,690,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,428,000
Assessed improvement
$8,262,000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
NONE
Buildings
2
Stories
3
Units
65
Total area
39,588 SF
Lot
1.23 ac (53,578 SF)
Zoning code
GC
APN
119-1920-011-0000
UPID
US10-1979000
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$10.5M
OFFICE BUILDING
Est. value
$13.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.3M
MEDICAL BUILDING
Est. value
$10.3M
AUTO REPAIR, GARAGE
Est. value
$10.2M
COMMERCIAL (GENERAL)
Est. value
$9.2M
HOTEL/MOTEL Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2003
Construction
WOOD
Heating
NONE
Stories
3
Buildings
2
Units
65
Lot
1.23 ac
Current owner
From public records · entity-resolved
Parijat Elk Grove LP
Entity
Mailing address
445 HOTEL CIR S, SAN DIEGO, CA 92108-3402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2024
—
Parijat Elk Grove LP
Parijat Elk Grove LLC
Intrafamily Transfer
related
$6,850,000 · United Security Bank
May 9, 2023
—
Parijat Elk Grove LLC
Parijat Investments LLC
Intrafamily Transfer
related
—
Feb 28, 2023
$4,000,000
Parijat Investments LLC
Shivaa Investments LLC
Trustees Deed
related
—
Mar 15, 2019
—
Shivaa Investments LLC
—
Deed
related
$9,500,000 · State Bk/india (ca)
Aug 7, 2018
—
Shivaa Investments LLC
—
Deed
related
$650,000 · 540 Jones St Hotel LLC
Jan 11, 2017
—
Shivaa Investments LLC
—
Deed
related
$3,221,000 · Mortgage Cap Dev
Mar 30, 2016
$8,800,500
Shivaa Investments LLC
Dilip Patel
Grant Deed
$4,500,000 · East West Bank
Dec 18, 2015
—
Dilip Patel
Patel,kalpana
Quit Claim Deed
related
—
Aug 19, 2008
—
Gaurang Patel
Patel,rita
Quit Claim Deed
related
—
Aug 19, 2008
$7,900,000
Dilip Patel
Surama Hospitality LLC
Grant Deed
$4,437,000 · Tamalpais Bank
May 15, 2002
—
Surama Hospitality LLC
—
Trustees Deed
related
$2,443,533 · Money Store Commercial Mtg
Feb 21, 2001
—
Surama Hospitality LLC
Patel,chandan
Grant Deed
related
—
—
—
Shivaa Investments LLC
—
Deed Of Trust
related
$3,221,000 · Mortgage Cap Dev
—
—
Surama Hospitality LLC
—
Deed Of Trust
related
$1,300,000 · Edf Resource Capital INC
—
—
Surama Hospitality LLC
—
Deed Of Trust
related
$2,342,000 · Placer Sierra Bank
—
—
Shivaa Investments LLC
—
Deed Of Trust
related
$650,000 · 540 Jones St Hotel LLC
—
—
Shivaa Investments LLC
—
Deed Of Trust
related
$200,000 · State Bk/india (ca)
—
—
Shivaa Investments LLC
—
Deed Of Trust
related
$9,500,000 · State Bk/india (ca)
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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