Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Retail space
8932 Elk Grv Blvd Elk Grove, CA 95624-1947
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1848057
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Construction
TILT-UP CONCRETE
Total area
8,400 SF
Lot
0.43 ac (18,628 SF)
Zoning code
SPA-OT
APN
125-0141-008-0000
UPID
US09-1848057
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
-
Sher Khan Karate Family Martial Arts Academy Training Center Sports School
-
Hobby Quest Electronics & Wireless Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.44M
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.44M
Owner & transaction history
Elks Gateway LLC · 2 yrs held
Elks Gateway LLC
since 2023
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
SPA-OT · Elk Grove, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.2M
+38.1%
Auto repair, garage
$2.2M
+36.9%
Commercial (general)
$2.0M
+23.9%
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
$1,355,000
ML approach
$1,440,000
CAP Approach
CAP Return
Estimation
6%
$1,545,000
6.5%
$1,425,000
7%
$1,325,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,585,000
Current use
MEDICAL BUILDING
$2,185,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,170,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,960,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±10% · vs last sale $1.53M (Aug 23 2023)
Last sale anchor
$1.53M
Aug 23 2023
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
$171 / 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
$16,376
Tax year 2024
Assessed value
$1,526,000
Assessed 2024
Previous assessed
$1,526,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$220,000
Assessed improvement
$1,306,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1975
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
8,400 SF
Lot
0.43 ac (18,628 SF)
Zoning code
SPA-OT
APN
125-0141-008-0000
UPID
US09-1848057
Jurisdiction
SACRAMENTO
Zoning & alternative use
SPA-OT · Elk Grove, CA
Zoning SPA-OT · permitted uses
SPA-OT · 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
$1.6M
MEDICAL BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES Current
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
1975
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Elks Gateway LLC
Entity
Free & Clear · 2 yrs held
Mailing address
942 FERMOY WAY, GALT, CA 95632-8171
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2023
$1,526,000
Elks Gateway LLC
Famco Holdings LLC
Grant Deed
—
Dec 28, 2006
—
Famco Holdings LLC
Finn,brendan M & Mary K
Quit Claim Deed
related
—
Mar 15, 2005
—
Brendan M Finn
Finn A G & E S Trust
Quit Claim Deed
—
Sep 17, 2004
—
Brendan M Finn
Finn A G & E S Trust
Quit Claim Deed
related
—
Jan 23, 2002
—
Famco Holdings LLC
Finn Trust
Grant Deed
related
—
Dec 17, 2001
—
Famco Holdings LLC
Finn Trust
Grant Deed
related
—
Jul 1, 1996
—
Finn Trust
Finn,a G
Quit Claim Deed
related
—
Jul 1, 1996
$147,500
Finn,a G
Finn,maureen E
Trustees Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8932 Elk Grv Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
