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    9068 Elkmont Dr Elk Grove, CA 95624
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    Property profile & analytics

    9068 Elkmont Dr, Elk Grove, CA 95624

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    • Distribution centers
    • 45,876 SF
    • 2.59 lot acres
    For Sale
    $11,950,000
    View Listing →
    Elk Grove Multi-Tenant Industrial Building For Sale
    $11,950,000
    47,392 SF

    Elk Grove Multi-Tenant Industrial Building

    47,392 SF industrial building 100% leased in Elk Grove.

    9068 Elkmont Dr, Elk Grove, CA
    View Listing
    Property ID
    US09-2955342
    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
    5%
    Distribution centers
    Location Intelligence

    Current Use by Public Records

    • Distribution centers

    Property Details for 9068 Elkmont Dr

    Year built
    1997
    Construction
    TILT-UP CONCRETE
    Lot size
    2.59 lot acres
    Zone code
    LI
    Property type
    Distribution centers
    APN
    134-0620-032-0000
    APU
    13406200320000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 9, 2021 — Garrett Innovations Holding Group L — Deed · related $1.8M · Cdc Small Business Finance Corp
    Sep 22, 2020 $4,140,000 Garrett Innovations Holding Gr Properties LP Whal Grant Deed $2.3M · Bank Of The West
    Jun 18, 2018 $3,190,000 Whal Properties LP Megna 2011 Trust Grant Deed —
    Apr 10, 2012 $113,000 Megna 2011 Trust Megna Jack & Mary Trust Grant Deed · related —
    Apr 10, 2012 $70,500 Megna 2011 Trust Megna Jack & Mary Trust Grant Deed · related —
    Oct 9, 2009 — Megna Jack & Mary Trust Megna Jack & Mary Trust Quit Claim Deed · related —
    Nov 5, 2007 — Megna,jack & Mary Trust Megna Jack & Mary Trust Quit Claim Deed · related $2.6M · Five Star Bank
    Jan 26, 2007 — Megna Michael Living Trust Megna,michael Quit Claim Deed · related —
    Jan 19, 2006 — Megna Jack & Mary Trust — Trustees Deed · related $300k · Pacific Funding
    Nov 26, 1997 — Megna Trust Buntain Construction INC Grant Deed · related —
    — — Megna,michael Living Trust — Loan Modification · related $1.3M · Five Star Bank
    — — Megna Michael Living Trust — Deed Of Trust · related $2.5M · Five Star Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,495,000
      ML approach
      $4,925,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,560,000
      6.5%
      $4,210,000
      7%
      $3,910,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,641,000
      Market price range: $4.43M - $9.67M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $6,530,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove
    County
    Sacramento
    State
    California
    Longitude
    -121.363
    Latitude
    38.3821
    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
    $48,958
    $1,199,165
    $3,257,908
    $4,457,073
    -
    $0.00
    $0.00
    $0.00

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    • Value Estimation
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      53,302 SF

      9124 Elkmont Dr

      DISTRIBUTION WAREHOUSE
      9124 Elkmont Dr, Elk Grove, CA 95624-9707
      View Details
    • Value Estimation
      $2,125,000
      33,200 SF

      10463 Grant Line Rd

      DISTRIBUTION WAREHOUSE
      10463 Grant Line Rd, Elk Grove, CA 95624-4045
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      47,392 SF

      Elk Grove Multi-Tenant Industrial Building

      47,392 SF industrial building 100% leased in Elk Grove.
      9068 Elkmont Dr, Elk Grove, CA 95624
      View Details
    • Contact for pricing
      47,392 SF

      Leased Multi-Tenant Industrial Building

      47,392 SF industrial building in Elk Grove, CA.
      9068 Elkmont Way, Elk Grove, CA 95624
      View Details
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      Pending

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      Medical office condo available in Elk Grove, CA.
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      Prime Land with Freeway Visibility

      Land with frontage on East Stockton Boulevard, close to freeways.
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      City Sports Club Investment Opportunity

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      Land at Signalized Intersection

      Land in Elk Grove at Bond and Bradshaw Road.
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    Similar Nearby for Lease

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      180,956 SF

      Elk Grove Industrial Warehouse Space

      180,956 SF industrial warehouse in Elk Grove, CA.
      10050 Waterman Rd, Elk Grove, CA 95624
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      10,000 SF

      Elk Grove Industrial Warehouse

      10,000 SF industrial warehouse in Iron Rock Business Park.
      10273 Iron Rock Way, Elk Grove, CA 95624
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      1,900 SF

      Elk Grove Flex/Industrial Space

      Flex/industrial space available for rent in Elk Grove, CA.
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      Elk Grove Industrial Space Available

      Industrial space for lease in Elk Grove, California.
      10281 Iron Rock Way, Elk Grove, CA 95624
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      10,000 SF

      Elk Grove Warehouse Space

      Warehouse space available for rent in Elk Grove, California.
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      View Details
    • Contact for pricing
      2,824 SF

      Elk Grove Insulated Warehouse

      Insulated warehouse with office space near Highway 99.
      10463 Grant Line Rd, Elk Grove, CA 95624
      View Details
    View Listing
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    Elk Grove, CA 95624
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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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