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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7400 Elk Grv Blvd Elk Grove, CA 95757-6299

    • Individual retail properties
    • 152,217 SF
    • 17.42 lot acres
    OFF-MARKET
    Last Sale
    Jun 21, 2022
    Value Estimations
    $15,770,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5418457
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. Amy Nguyen OD Inc. / Physician
    • Anhthu Do / Physician
    • Costco Pharmacy / Pharmacy
    • Costco Gas Station / Gas Station
    • Costco Tire Center / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 7400 Elk Grv Blvd

    Year built
    2018
    Construction
    TILT-UP CONCRETE
    Lot size
    17.42 lot acres
    Property size
    152,217 SF
    Zone code
    SC
    Property type
    Individual retail properties
    APN
    132-2120-017-0000
    APU
    13221200170000

    Description

    The Ridge, located at 7400 Elk Grove Blvd in Elk Grove, CA 95758, is a premier 382,000 square foot shopping center built in 2019. This multi-tenant retail property boasts a prime location in the Elk Grove submarket of Sacramento County, California. Currently, there is 1,920 square feet of vacant space available, ideal for a variety of retail uses. The center is anchored by major national brands including Costco, Amazon Fresh, Nordstrom Rack, and LA Fitness, ensuring high foot traffic and strong visibility. Additional tenants include Sephora, Olive Garden, Buffalo Wild Wings, Starbucks, Stanton Optical, and Chipotle, creating a diverse and attractive tenant mix. This property presents a unique opportunity for investors seeking a well-established, high-performing retail center in a thriving market. The available space offers 12,000 square feet of potential for expansion or new business ventures. The property's strong tenant roster and strategic location within a densely populated area make it an attractive investment prospect with significant growth potential. This is a rare opportunity to acquire a stake in a successful, established shopping center in a desirable California location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove
    County
    Sacramento
    State
    California
    Longitude
    -121.414
    Latitude
    38.4068
    CBSA code
    40900
    CBSA name
    SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $548,543
    $12,828,468
    $20,124,229
    $32,952,697
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      2521 Taron Ct

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      10464 Franklin Blvd

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    • Value Estimation
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      10047 Bruceville Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,593 SF
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      View Details

    Similar Nearby for Sale

    • Contact for pricing
      74,890 SF

      Retail Center Near Interstate-5

      Retail center with high traffic, easy access, and strong demographics.
      2501-2619 West Taron Dr, Elk Grove, CA 95757
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      Elk Grove Retail Center

      Retail center with high traffic, easy access, and strong demographics.
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      Elk Grove Industrial Land

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      NNN Leased Investment Opportunity

      Two-tenant NNN leased investment property for sale.
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      Prime Commercial Lot Near Hospital

      Commercial land next to a new hospital, opening Spring 2026.
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    Similar Nearby for Lease

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      Retail Space in Elk Grove

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      Retail Space Near Junior College

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      Elk Grove Retail Space Available

      Retail space for lease in Elk Grove community center.
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    • $2 SF/Yr
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      Neighborhood Retail Strip Center Space

      Retail spaces available in neighborhood strip center.
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      Retail Space in Elk Grove

      Retail space available in Safeway anchored Laguna Reserve Marketplace.
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    • Contact for pricing
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      Retail Space in Elk Grove

      Retail space available in Safeway anchored Laguna Reserve Marketplace.
      10046 Bruceville Rd, Elk Grove, CA 95757
      View Details
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    Elk Grove, CA 95757-6299
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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