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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Office buildings
8900 Grant Line Rd, Elk Grove, CA 95624-1414
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0877923
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1952
Construction
WOOD
Total area
6,153 SF
Lot
0.98 ac (42,689 SF)
Zoning code
GC
APN
127-0100-015-0000
UPID
US09-0877923
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
-
Sheldon Steele - Steele Realty & Investment Group brokered by EXP Real Estate Agency
-
Steele Realty & Investment Company Inc. 1 Real Estate Agency
-
Go Solar Now, Inc. Production Facility
-
Steele Realty Inc: Mc Enerney Gary Real Estate Agency
-
Sun Star Energy LLC Solar Energy Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$558k
Blend (final)
Blend
$885k
Owner & transaction history
Jaj Re LLC · 7 yrs held
Jaj Re LLC
since 2018
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$885k
Range $797k – $974k · ±10%
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
$144 / 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
$11,733
Tax year 2024
Assessed value
$1,062,957
Assessed 2024
Previous assessed
$1,062,957
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$371,836
Assessed improvement
$691,121
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
1952
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Total area
6,153 SF
Lot
0.98 ac (42,689 SF)
Zoning code
GC
APN
127-0100-015-0000
UPID
US09-0877923
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.
Building & site characteristics
From public records
Year built
1952
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Lot
0.98 ac
Current owner
From public records · entity-resolved
Jaj Re LLC
Entity
Mailing address
9993 WHIRLAWAY LN, ELK GROVE, CA 95624-5034
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2018
$950,000
Jaj Re LLC
Steele Michael T F/tr
Grant Deed
$526,000 · Steele Michael T F/tr (pt)
Mar 8, 2016
—
Steele,michael T Family Trust
Steele,michael T
Quit Claim Deed
related
—
Oct 13, 2005
—
Michael T Steele
Steele Raymond Trust
Quit Claim Deed
related
—
Oct 9, 2001
—
Steele Trust
Steele,eugenia M
Quit Claim Deed
related
$165,000 · Eugenia M Steele
Jun 4, 2001
—
Raymond Steele
Steele,raymond
Quit Claim Deed
related
—
—
—
Raymond Steele
—
Deed Of Trust
related
$316,000 · Individual
—
—
Michael T Steele
—
Loan Modification
related
$445,096 · American West Bk
—
—
Raymond Steele
—
Deed Of Trust
related
$325,000 · Beneficial California INC
—
—
Michael T Steele
—
Deed Of Trust
related
$450,000 · Stockmans Bank
—
—
Raymond G Steele
—
Deed Of Trust
related
$73,000 · Individual
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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