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Property profile & analytics
OFF-MARKET
Estimated value
$3,070,000
Grocery and convenience stores
8430 Elk Grv Florin Rd Elk Grove, CA 95624-9450
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3783487
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2012
Construction
TILT-UP CONCRETE
Total area
13,963 SF
Lot
1.77 ac (77,101 SF)
Zoning code
SC
APN
115-2010-012-0000
UPID
US09-3783487
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
-
Metro Box Cargo at Island Pacific Supermarket NORCAL: Elk Grove Branch Freight Service Logistics Company
-
PhilHouse Restaurant
-
Island Pacific Supermarket and Seafood Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.11M
CAP Approach
CAP
$2.37M
Comparable Approach
Comparable
$2.93M
Blend (final)
Blend
$3.07M
Owner & transaction history
Mehrok Sjg LLC · 5 yrs held
Mehrok Sjg LLC
since 2020
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
SC · Elk Grove, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.4M
+66.0%
Apartment house (5+ units)
$4.0M
+51.9%
Medical building
$3.6M
+38.1%
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
$4,190,000
ML approach
$4,105,000
CAP Approach
CAP Return
Estimation
6%
$2,565,000
6.5%
$2,370,000
7%
$2,200,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,635,000
Current use
OFFICE BUILDING
$4,370,000
Change: +66% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,000,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$3,635,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,605,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,260,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$3.07M
Range $2.76M – $3.38M · ±10% · vs last sale $3.16M (Sep 16 2020)
Last sale anchor
$3.16M
Sep 16 2020
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
$220 / 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
$51,259
Tax year 2024
Assessed value
$3,348,111
Assessed 2024
Previous assessed
$3,348,111
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$1,225,695
Assessed improvement
$2,122,416
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2012
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
13,963 SF
Lot
1.77 ac (77,101 SF)
Zoning code
SC
APN
115-2010-012-0000
UPID
US09-3783487
Jurisdiction
SACRAMENTO
Zoning & alternative use
SC · Elk Grove, CA
Zoning SC · permitted uses
SC · 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
RETAIL STORES Current
Est. value
$2.6M
OFFICE BUILDING
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.3M
RETAIL STORES 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
2012
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
1.77 ac
Current owner
From public records · entity-resolved
Mehrok Sjg LLC
Entity
Mailing address
5970 ANNANDALE WAY, DUBLIN, CA 94568-7476
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2020
$3,155,000
Mehrok Sjg LLC
Ru Island Pacific Elk Grove Ll
Grant Deed
—
Dec 22, 2016
—
Ru Island Pacific Elk Grove Ll
Rich Uncles R/e Inv Trust I
Quit Claim Deed
related
—
Oct 1, 2015
$3,720,000
Rich Uncles Real Estate Invest Trust
Fresgrove Holdings LLC
Grant Deed
—
Oct 22, 2014
—
Fresgrove Holdings LLC
Orosco Dev No 19 LLC
Grant Deed
—
Feb 25, 2014
$650,000
Em-50 Uav Darkco LLC
Old Fepc LLC
Grant Deed
—
Feb 25, 2014
$1,150,364
Orosco Dev 19 LLC
Em-50 Uav Darkco LLC
Grant Deed
—
Sep 28, 2010
—
Fresh & Easy Property Co LLC
Fresh & Easy Neighborhood
Quit Claim Deed
—
Nov 3, 2009
$1,947,500
Fresh Neighborhood
Calvine South LLC
Grant Deed
—
—
—
Rich Uncles Real Estate Invest Trust
—
Deed Of Trust
related
$2,046,000 · Rabobank
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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