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Property profile & analytics
OFF-MARKET
Estimated value
$7,650,000
Office buildings
9424 Big Horn Blvd Elk Grove, CA 95758-1102
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3399603
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
TILT-UP CONCRETE
Total area
25,872 SF
Lot
2.32 ac (101,059 SF)
Zoning code
MP
APN
116-0340-030-0000
UPID
US09-3399603
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
-
Alan Rowe College Prep High School
-
Fortune Preschool Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.65M
CAP Approach
CAP
$5.91M
Comparable Approach
Comparable
$7.08M
Blend (final)
Blend
$7.65M
Owner & transaction history
Rex And Margaret Fortune School Of · 3 yrs held
Rex And Margaret Fortune School Of
since 2023
Last sale
$7.7M
5 recorded transactions
Zoning & alternative use
MP · Elk Grove, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.2M
+38.7%
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
$7,650,000
ML approach
$7,650,000
CAP Approach
CAP Return
Estimation
6%
$6,400,000
6.5%
$5,910,000
7%
$5,490,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,775,000
Current use
RESTAURANT
$12,170,000
Change: +39% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$7,410,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$7.65M
Range $6.89M – $8.42M · ±10% · vs last sale $7.65M (Nov 15 2024)
Last sale anchor
$7.65M
Nov 15 2024
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
$296 / 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
$2,341
Tax year 2024
Assessed value
$4,998,000
Assessed 2024
Previous assessed
$4,998,000
+0.0% YoY
Effective rate
0.05%
On assessed value
Assessed land
$2,040,000
Assessed improvement
$2,958,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
25,872 SF
Lot
2.32 ac (101,059 SF)
Zoning code
MP
APN
116-0340-030-0000
UPID
US09-3399603
Jurisdiction
SACRAMENTO
Zoning & alternative use
MP · Elk Grove, CA
Zoning MP · permitted uses
MP · 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
OFFICE BUILDING Current
Est. value
$8.8M
RESTAURANT
Est. value
$12.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.4M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1990
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
2.32 ac
Current owner
From public records · entity-resolved
Rex And Margaret Fortune School Of
Individual
Free & Clear · 3 yrs held
Mailing address
1702 OLYMPIC BLVD, SANTA MONICA, CA 90404-3812
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2023
—
Rex And Margaret Fortune School Of
Ta Sacramento 9424 Bhb LP
Lease
—
May 5, 2023
$4,900,000
Ta Sacramento 9424 Bhb LP
9424 Big Horn Corporation
Grant Deed
—
Mar 1, 1993
$1,800,000
9424 Big Horn Corp
Sacramento Inv C
Grant Deed
—
Sep 18, 1992
$45,500
Sacramento Inv Co II Ltd
Laguna,buisiness
Grant Deed
related
—
May 15, 1992
$50,000
Christopher R Steele
Laguna,buisness
Grant 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.
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