Back to Search
Property profile & analytics
FOR LEASE
Community centers
5309 Elkhorn Blvd Sacramento, CA 95842
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2895996
For Lease
1 / 2
$10,160,000
5309 Elkhorn Blvd, Sacramento, CA 95842
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1979
Construction
WOOD
Total area
25,460 SF
Lot
2.11 ac (91,911 SF)
Zoning code
SC
APN
222-0270-014-0000
UPID
US09-2895996
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
-
Boost mobile Cell Phone Store + Repairs Computer & Electronic Repair Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.62M
CAP Approach
CAP
$7.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.16M
Owner & transaction history
Elkhorn Plaza II LLC · 3 yrs held
Elkhorn Plaza II LLC
since 2023
Last sale
$10.2M
2 recorded transactions
Zoning & alternative use
SC · Sacramento, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.6M
+57.2%
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 Sacramento submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sacramento 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
$10,725,000
ML approach
$9,615,000
CAP Approach
CAP Return
Estimation
6%
$7,980,000
6.5%
$7,370,000
7%
$6,840,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,985,000
Current use
RESTAURANT
$12,555,000
Change: +57% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,545,000
Change: -6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,515,000
Change: -18% · Conversion: Difficult
MEDICAL BUILDING
$6,485,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$10.16M
Range $9.14M – $11.18M · ±10% · vs last sale $10.15M (May 26 2023)
Last sale anchor
$10.15M
May 26 2023
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
$399 / 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
$37,448
Tax year 2024
Assessed value
$3,264,000
Assessed 2024
Previous assessed
$3,264,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$846,600
Assessed improvement
$2,417,400
Applied tax rate
59.0000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1979
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
25,460 SF
Lot
2.11 ac (91,911 SF)
Zoning code
SC
APN
222-0270-014-0000
UPID
US09-2895996
Jurisdiction
SACRAMENTO
Zoning & alternative use
SC · Sacramento, CA
Zoning SC · permitted uses
SC · Sacramento, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sacramento. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.0M
RESTAURANT
Est. value
$12.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1979
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
2.11 ac
Current owner
From public records · entity-resolved
Elkhorn Plaza II LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1300 NATIONAL DR STE #100, SACRAMENTO, CA 95834-1981
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2023
—
Elkhorn Plaza II LLC
—
Deed
related
$6,100,000 · Bank Of Marin
May 26, 2023
$10,150,000
Elkhorn Plaza II LLC
Elkhorn Plaza Shopping Center LLC
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
