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Property profile & analytics
FOR LEASE
Investment properties
9028 Franklin Blvd Elk Grove, CA 95758
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US09-1381129
For Lease
1 / 8
$22.20 SF/Yr
9028 Franklin Blvd, Elk Grove, CA 95758
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2007
Construction
WOOD
Total area
6,600 SF
Lot
0.73 ac (31,699 SF)
Zoning code
BP
APN
119-0810-060-0000
UPID
US09-1381129
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$1.32M
Owner & transaction history
Laguna Professional Center LLC · 20 yrs held
Laguna Professional Center LLC
since 2005
1 recorded transaction
Zoning & alternative use
BP · Elk Grove, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.9M
+22.6%
Medical building
$1.7M
+11.5%
Auto repair, garage
$1.7M
+10.5%
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%
$1,335,000
6.5%
$1,235,000
7%
$1,145,000
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
Blend value · Realmo final
$1.32M
Range $1.19M – $1.45M · ±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
$200 / 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
$16,697
Tax year 2024
Assessed value
$1,500,000
Assessed 2024
Previous assessed
$1,500,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$365,000
Assessed improvement
$1,135,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
2007
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
6,600 SF
Lot
0.73 ac (31,699 SF)
Zoning code
BP
APN
119-0810-060-0000
UPID
US09-1381129
Jurisdiction
SACRAMENTO
Zoning & alternative use
BP · Elk Grove, CA
Zoning BP · permitted uses
BP · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (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
2007
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
0.73 ac
Current owner
From public records · entity-resolved
Laguna Professional Center LLC
Entity
Mailing address
9024 FRANKLIN BLVD STE #100, ELK GROVE, CA 95758-9586
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2005
—
Laguna Professional Center LLC
—
Trustees Deed
related
$1,500,000 · Ironstone Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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