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    8703 Elk Grove Blvd Elk Grove, CA 95624
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    Property profile & analytics

    8703 Elk Grove Blvd Elk Grove, CA 95624

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    • Strip malls
    • 26,416 SF
    • 3.90 lot acres
    For Lease
    $4,085,000
    View Listing →
    Retail Space in Elk Grove For Lease
    $4,085,000

    Retail Space in Elk Grove

    Retail property available for lease in Elk Grove, California.

    8703 Elk Grove Boulevard, Elk Grove, CA 95624
    View Listing
    Property ID
    US09-1985758
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • AdvancedCare Erectile Dysfunction Treatment Clinic / Physician
    • The Boulevard Salon / Hair Salon
    • Extensions by Sarah / Hair Salon
    • Lisa Mizani / Hair Salon

    Property Details for 8703 Elk Grove Blvd

    Year built
    1980
    Construction
    WOOD
    Lot size
    3.90 lot acres
    Property size
    26,416 SF
    Zone code
    GC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    125-0070-034-0000
    APU
    12500700340000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,585,000
      6.5%
      $5,155,000
      7%
      $4,790,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove
    County
    Sacramento
    State
    California
    Longitude
    -121.379
    Latitude
    38.4098
    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
    $41,688
    $1,283,650
    $2,513,117
    $3,796,767
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,500 SF

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      SHOPPING CENTER, STRIP CENTER • 5,500 SF
      9332 Elk Grv Blvd, Elk Grove, CA 95624-5066
      View Details
    • Value Estimation
      $2,675,000
      15,000 SF

      8771 Elk Grv Blvd

      SHOPPING CENTER, STRIP CENTER • 15,000 SF
      8771 Elk Grv Blvd, Elk Grove, CA 95624-1742
      View Details
    • Value Estimation
      $4,435,000
      38,211 SF

      9380 Elk Grv Florin Rd

      SHOPPING CENTER, STRIP CENTER • 38,211 SF
      9380 Elk Grv Florin Rd, Elk Grove, CA 95624-1635
      View Details
    • Value Estimation
      $1,100,000
      10,400 SF

      8698 Elk Grv Blvd

      SHOPPING CENTER, STRIP CENTER • 10,400 SF
      8698 Elk Grv Blvd, Elk Grove, CA 95624-3300
      View Details
    • Value Estimation
      $1,180,000
      12,320 SF

      8587 Elk Grv Blvd

      SHOPPING CENTER, STRIP CENTER • 12,320 SF
      8587 Elk Grv Blvd, Elk Grove, CA 95624
      View Details
    • Value Estimation
      $1,850,000
      18,720 SF

      8696 Elk Grv Blvd

      SHOPPING CENTER, STRIP CENTER • 18,720 SF
      8696 Elk Grv Blvd, Elk Grove, CA 95624-3301
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,650 SF

      Retail Space For Sale

      2,650 SqFt retail space available for purchase.
      8420 Elk Grove Florin Rd, Elk Grove, CA 95624
      View Details
    • Contact for pricing

      Elk Grove Parcels For Sale

      Six parcels available in Elk Grove for office, industrial, retail.
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      1,944 SF

      Restaurant with Dual Lane Drive-Through

      Restaurant with dual lane drive-through and large outdoor patio.
      9583 Elk Grove Florin Rd, Elk Grove, CA 95624
      View Details
    • $960,000

      Prime Land with Freeway Visibility

      Land with frontage on East Stockton Boulevard, close to freeways.
      8731 Stockton Blvd, Elk Grove, CA 95624
      View Details
    • Contact for pricing
      47,392 SF

      Elk Grove Multi-Tenant Industrial Building

      47,392 SF industrial building 100% leased in Elk Grove.
      9068 Elkmont Dr, Elk Grove, CA 95624
      View Details
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      City Sports Club Investment Opportunity

      Freestanding City Sports Club in Elk Grove, California for sale.
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    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      High-Profile Strip Center Space

      Retail space in a high-traffic Elk Grove location.
      9320-9328 Elk Grove Blvd, Elk Grove, CA 95624
      View Details
    • Contact for pricing
      3,252 SF

      High Profile Elk Grove Retail

      Retail space in a high-traffic Elk Grove location.
      9633-9679 E Stockton Blvd, Elk Grove, CA 95624
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    • Contact for pricing
      1,450 SF

      High-Profile Strip Center Space

      Retail space in a high-traffic Elk Grove location.
      9308 Elk Grove Blvd, Elk Grove, CA 95624
      View Details
    • Contact for pricing
      2,442 SF

      High-Profile Strip Center Space

      Retail space in a visible, high-traffic Elk Grove center.
      9332 Elk Grove Blvd, Elk Grove, CA 95624
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Elk Grove

      Excellent junior anchor opportunity in a high-traffic shopping center.
      8523-8591 Elk Grove Blvd, Elk Grove, CA 95624
      View Details
    • Contact for pricing
      50,000 SF

      Dominant Retail Intersection Location

      300,000 SF shopping center in Elk Grove, CA.
      8810 Calvine Rd, Elk Grove, CA 95624
      View Details
    View Listing
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    Elk Grove, CA 95624
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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.

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