Individually Owned Property summary
AI-generated overview
The property is a retail unit located at the southeast quadrant of Waterman Road and Elk Grove Boulevard in Elk Grove, California, within the Waterman Grove strip center. The overall strip center comprises approximately 42,900 square feet, and the retail complex is positioned along Elk Grove Boulevard near a major intersection. The subject space is approximately 2,408 square feet and is situated in a shopping center directly across the street from a Bel Air grocery store location.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
WOOD
Total area
5,500 SF
Lot
0.77 ac (33,420 SF)
Zoning code
LC
APN
134-0110-133-0000
UPID
US09-3272159
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
-
Foster Care Service Social Service Agency
-
Alternative Medicine Practice Spa & Massage Center
-
Insurance Agency
-
Insurance Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
since 2022
Last sale
$17.3M
7 recorded transactions
Zoning & alternative use
LC · Elk Grove, CA
Zoning description
The limited commercial district is designed to foster low intensity neighborhood oriented commercial development adjacent to, integrated within, or at the entrance to residential neighborhoods. The limited commercial dis…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
GBA
5,500 SF
Lot area
0.77 ac
Year built
2006
Stories
1
APN
134-0110-133-0000
Zoning
LC
Assessed value
$2,340,900
Annual tax
$26,967
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.12M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.9 mi away · 3,950 SF
19.6 mi away · 5,428 SF
19.8 mi away · 3,946 SF
5
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 150 sales
$731
-72%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $204/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$17.25M
Move the market yield to see immediate price impact.
Value / SF
$3,136
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.09M
$21.74M
$15.52M
$12.08M
$1.21M
$24.15M
$17.25M
$13.42M
$1.33M
$26.57M
$18.98M
$14.76M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$533k
11.7 mi · Dec 2025 · $101/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$26,967
Tax year 2024
Assessed value
$2,340,900
Assessed 2024
Previous assessed
$2,340,900
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$697,068
Assessed improvement
$1,643,832
Applied tax rate
7.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
5,500 SF
Lot
0.77 ac (33,420 SF)
Zoning code
LC
APN
134-0110-133-0000
UPID
US09-3272159
Jurisdiction
SACRAMENTO
Zoning & alternative use
LC · Elk Grove, CAZoning LC · permitted uses
LC · Elk Grove, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The limited commercial district is designed to foster low intensity neighborhood oriented commercial development adjacent to, integrated within, or at the entrance to residential neighborhoods. The limited commercial dis…
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
2006
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
0.77 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
LC
COMMERCIAL
Jurisdiction
Elk Grove, CA
Recorded code
LC
Official district
LC
Official district profile
What the municipal code says about LC
Zoning description
The limited commercial district is designed to foster low intensity neighborhood oriented commercial development adjacent to, integrated within, or at the entrance to residential neighborhoods. The limited commercial dis…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LC in Elk Grove, CA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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