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Property profile & analytics
OFF-MARKET
Estimated value
$3,585,000
Office buildings
8788 Elk Grv Blvd, Elk Grove, CA 95624-1766
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-2331347
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
WOOD
Total area
17,344 SF
Lot
2.35 ac (102,366 SF)
Zoning code
GC
APN
125-0040-015-0000
UPID
US09-2331347
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
-
Royal Innovative Solutions Tech Support Center (Bike/Boat/Book/etc) Store
-
Dreamland Properties, PLLC Real Estate Agency
-
Daniel E Allen Law Offices Law Firm
-
Lighthouse Counseling Services Crisis Center Medical Clinic
-
TurnerWood Marriage and Family Therapy, Inc. Marriage Or Relationship Counselor Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.65M
CAP Approach
CAP
$3.96M
Comparable Approach
Comparable
$4.21M
Blend (final)
Blend
$3.59M
Owner & transaction history
Feironic LLC · 5 yrs held
Feironic LLC
since 2020
Last sale
$3.4M
3 recorded transactions
Zoning & alternative use
GC · Elk Grove, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,625,000
ML approach
$3,650,000
CAP Approach
CAP Return
Estimation
6%
$4,290,000
6.5%
$3,960,000
7%
$3,680,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,430,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,965,000
Change: -8% · Conversion: Easy
MEDICAL BUILDING
$4,515,000
Change: -17% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,480,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.59M
Range $3.23M – $3.94M · ±10% · vs last sale $3.35M (Dec 30 2020)
Last sale anchor
$3.35M
Dec 30 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
$207 / 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
$38,573
Tax year 2024
Assessed value
$3,556,325
Assessed 2024
Previous assessed
$3,556,325
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,082,432
Assessed improvement
$2,473,893
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1977
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
17,344 SF
Lot
2.35 ac (102,366 SF)
Zoning code
GC
APN
125-0040-015-0000
UPID
US09-2331347
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
OFFICE BUILDING Current
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.5M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1977
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
2.35 ac
Current owner
From public records · entity-resolved
Feironic LLC
Entity
Mailing address
PO BOX 582626, ELK GROVE, CA 95758-0044
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2020
$3,351,000
Feironic LLC
Emerald Park Co
Grant Deed
$2,250,000 · Safe FCU
Aug 27, 2004
—
Emerald Park Co
—
Deed Of Trust
related
$2,700,000 · Bank Of Stockton
—
—
Emerald Park Co
—
Deed Of Trust
related
$2,268,283 · Bank Of Stockton
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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