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Property profile & analytics
OFF-MARKET
Estimated value
$5,250,000
Warehouses
8585 Elk Rdg Way Elk Grove, CA 95624-2200
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3078074
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1989
Total area
27,610 SF
Lot
1.93 ac (84,070 SF)
Zoning code
GC
APN
125-0460-050-0000
UPID
US10-3078074
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
-
Elk Grove Mini Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.30M
CAP Approach
CAP
$4.07M
Comparable Approach
Comparable
$5.82M
Blend (final)
Blend
$5.25M
Owner & transaction history
Elk Grove Mini Storage LLC · 5 yrs held
Elk Grove Mini Storage LLC
since 2020
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
GC · Elk Grove, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.6M
+119.8%
Apartment house (5+ units)
$7.9M
+101.2%
Medical building
$7.2M
+82.9%
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
$6,105,000
ML approach
$6,295,000
CAP Approach
CAP Return
Estimation
6%
$4,405,000
6.5%
$4,070,000
7%
$3,775,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,930,000
Current use
OFFICE BUILDING
$8,640,000
Change: +120% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,910,000
Change: +101% · Conversion: Difficult
MEDICAL BUILDING
$7,190,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,130,000
Change: +81% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,450,000
Change: +64% · Conversion: Difficult
Blend value · Realmo final
$5.25M
Range $4.73M – $5.78M · ±10% · vs last sale $4.60M (Sep 15 2020)
Last sale anchor
$4.60M
Sep 15 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
$190 / 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
$52,994
Tax year 2024
Assessed value
$4,881,556
Assessed 2024
Previous assessed
$4,881,556
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,337,122
Assessed improvement
$3,544,434
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Heating
NONE
Buildings
2
Stories
1
Total area
27,610 SF
Lot
1.93 ac (84,070 SF)
Zoning code
GC
APN
125-0460-050-0000
UPID
US10-3078074
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
WAREHOUSE, STORAGE Current
Est. value
$3.9M
OFFICE BUILDING
Est. value
$8.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$7.1M
COMMERCIAL (GENERAL)
Est. value
$6.5M
WAREHOUSE, STORAGE 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
1989
Heating
NONE
Stories
1
Buildings
2
Lot
1.93 ac
Current owner
From public records · entity-resolved
Elk Grove Mini Storage LLC
Entity
Mailing address
962 3RD ST, LAFAYETTE, CA 94549-4514
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
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2020
$4,600,000
Elk Grove Mini Storage LLC
In Self Storage 2 LLC
Grant Deed
$2,300,000 · Bank Of The West
Nov 23, 2015
—
In Self Storage 2 LLC
Elk Ridge Associates LLC
Grant Deed
related
—
Oct 8, 2015
$2,575,000
In Self Storage Gp LLC
Elk Ridge Associates LLC
Grant Deed
—
Nov 30, 2006
—
Elk Ridge Associates LLC
Armstrong Properties INC
Grant Deed
$1,800,000 · Bpmp Family Partners Ltd
Dec 24, 1997
—
Dennis G Bennett
Bennett,catheryn C
Quit Claim Deed
related
—
Dec 24, 1997
$467,500
Armstrong Properties INC
Bennett,dennis G
Trustees Deed
—
Jun 12, 1997
$15,000
Bennett Dev INC
Bennett,dennis G & Cathryn C
Grant Deed
related
—
Dec 5, 1996
$124,000
Dennis G Bennett
Comptonn,donald P & Virginia
Grant Deed
—
Apr 17, 1991
—
Dennis G Bennett
—
Grant Deed
related
$443,115 · Bank Of Lodi
Mar 14, 1991
—
Bennett,dennis G
—
Grant Deed
related
$147,000 · Farmers & Merchants Bk Lng Bch
Aug 25, 1989
—
Dennis G Bennett
—
Grant Deed
related
$85,000 · Guarantee Savings
—
—
Dennis G Bennett
—
Deed Of Trust
related
$100,000 · Armstrong Properties INC
—
—
In Self Storage 2 LLC
—
Deed Of Trust
related
$1,650,000 · Miscellaneous Ins Co
—
—
Dennis G Bennett
—
Deed Of Trust
related
$147,000 · Farmers & Merchants Bk Lng Bch
—
—
Dennis G Bennett
—
Deed Of Trust
related
$195,000 · Bank Of Lodi
—
—
Dennis G Bennett
—
Deed Of Trust
related
$85,000 · Glendale Federal Bank
—
—
Dennis G Bennett
—
Deed Of Trust
related
$85,000 · Glendale Federal Bank
—
—
Elk Ridge Associates LLC
—
Deed Of Trust
related
$1,200,000 · Presidio Bank
—
—
Dennis G Bennett
—
Deed Of Trust
related
$500,000 · Farmers & Merchants Bk Ctrl Ca
—
—
Dennis G Bennett
—
Deed Of Trust
related
$883,852 · Farmers & Merchants Bk Ctrl 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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