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    9028 Franklin Blvd Elk Grove, CA 95758
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    Property profile & analytics

    9028 Franklin Blvd, Elk Grove, CA 95758

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    • Investment properties
    • 6,600 SF
    • 0.73 lot acres
    For Lease
    $1,320,000
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    Elk Grove Medical/Dental Space For Lease
    $1,320,000
    1,628 SF

    Elk Grove Medical/Dental Space

    Turnkey medical/dental space in busy Elk Grove retail intersection.

    9028 Franklin Blvd, Elk Grove, CA 95758
    View Listing
    Property ID
    US09-1381129
    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

    • BT Orthodontics / Dental Office
    • Dr. Binh Tran / Dental Office
    • Leslie Sategna - State Farm Insurance Agent / Insurance Agency
    • Hollywood Nails & Spa / Nail Salon
    • Fields of Glory International / Association Or Organization

    Property Details for 9028 Franklin Blvd

    Year built
    2007
    Construction
    WOOD
    Lot size
    0.73 lot acres
    Zone code
    BP
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    119-0810-060-0000
    APU
    11908100600000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 14, 2005 — Laguna Professional Center LLC — Trustees Deed · related $1.5M · Ironstone Bank

    Description

    This 1,628 square foot commercial office space is part of the 12,074 square foot Laguna Center in Elk Grove, CA (95758), located at 9028 Franklin Blvd. The Class B building features multiple tenants, including Laguna Family Dental and BT Orthodontics, State Farm Insurance, and others. This prime location offers excellent visibility and accessibility, situated near the intersection of Franklin Blvd and Laguna Blvd. The property benefits from high traffic counts due to its proximity to a thriving retail hub including Bel Air, Safeway, CVS, Walgreens, Starbucks, and numerous banks and restaurants. Elk Grove is a rapidly growing city with a population of approximately 172,000, boasting low crime rates, excellent schools, and ample parks and trails. The area is also home to major employers within the Elk Grove Unified School District. This presents a unique opportunity for businesses seeking a well-established location in a dynamic and family-friendly community within the greater Sacramento region. The available space is ideal for medical or general commercial use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,335,000
      6.5%
      $1,235,000
      7%
      $1,145,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,416,000
      Market price range: $779k - $2.36M
      AI Estimate
      $1,308,000
      Market price range: $905k - $1.78M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,540,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,890,000
      Change: +23% Conversion: Moderate
      MEDICAL BUILDING
      $1,720,000
      Change: +11% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,705,000
      Change: +11% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,375,000
      Change: -11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove
    County
    Sacramento
    State
    California
    Longitude
    -121.448
    Latitude
    38.4295
    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
    $16,697
    $365,000
    $1,135,000
    $1,500,000
    -
    $0.00
    $0.00
    $0.00

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      10,000 SF

      9089 Bruceville Rd

      RESTAURANT
      9089 Bruceville Rd, Elk Grove, CA 95758-5902
      View Details

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    Elk Grove, CA 95758
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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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