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Property profile & analytics
OFF-MARKET
Estimated value
$2,950,000
Distribution centers
9755 Kent St Elk Grove, CA 95624-2416
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-1463012
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2015
Construction
TILT-UP CONCRETE
Total area
19,800 SF
Lot
1 ac (43,404 SF)
Zoning code
MP
APN
134-1060-006-0000
UPID
US09-1463012
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
-
Musical Mayhem Productions Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.82M
CAP Approach
CAP
$1.82M
Comparable Approach
Comparable
$4.10M
Blend (final)
Blend
$2.95M
Owner & transaction history
Blakeslee Holdings LLC · 6 yrs held
Blakeslee Holdings LLC
since 2020
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
MP · Elk Grove, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The industrial office park district is intended to provide well designed and integrated development that supports a range of clean, light industrial or high technology office and manufacturing uses and may include research, retail, service, and storage components or other supportive uses, such as dry cleaners, day care centers, restaurants or medical clinics
Zone name
Industrial Office Park
General category
INDUSTRIAL
Zone area
280.37 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$4.6M
+64.1%
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
$3,810,000
ML approach
$3,815,000
CAP Approach
CAP Return
Estimation
6%
$1,970,000
6.5%
$1,815,000
7%
$1,685,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,820,000
Current use
COMMERCIAL (GENERAL)
$4,625,000
Change: +64% · Conversion: Difficult
Blend value · Realmo final
$2.95M
Range $2.66M – $3.25M · ±10% · vs last sale $2.87M (Feb 25 2020)
Last sale anchor
$2.87M
Feb 25 2020
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
$149 / 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
$35,531
Tax year 2024
Assessed value
$3,242,774
Assessed 2024
Previous assessed
$3,242,774
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$278,770
Assessed improvement
$2,964,004
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2015
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
19,800 SF
Lot
1 ac (43,404 SF)
Zoning code
MP
APN
134-1060-006-0000
UPID
US09-1463012
Jurisdiction
SACRAMENTO
Zoning & alternative use
MP · Elk Grove, CAZoning 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
Zoning description
The industrial office park district is intended to provide well designed and integrated development that supports a range of clean, light industrial or high technology office and manufacturing uses and may include research, retail, service, and storage components or other supportive uses, such as dry cleaners, day care centers, restaurants or medical clinics
Zone name
Industrial Office Park
General category
INDUSTRIAL
Zone area
280.37 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$4.6M
WAREHOUSE, STORAGE Current
COMMERCIAL (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
2015
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
1 ac
Current owner
From public records · entity-resolved
Blakeslee Holdings LLC
Entity
Mailing address
9755 KENT ST, ELK GROVE, CA 95624-2416
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2022
—
Blakeslee Holdings LLC
—
Deed
related
$1,505,718 · Us Bank NA
Jun 30, 2021
—
Blakeslee Holdings LLC
—
Deed
related
$1,279,000 · Greater Sacramento Certified Development
Oct 1, 2020
—
Blakeslee Holdings LLC
—
Deed
related
$1,243,300 · Central Vly Cmnty Bk
Feb 25, 2020
$2,871,000
Blakeslee Holdings LLC
Pw Fund B LP
Grant Deed
$1,435,500 · Central Vly Cmnty Bk
Nov 13, 2017
$3,797,000
Pw Fund B LP
Buzz Oates LLC
Grant Deed
related
—
Jul 11, 2017
$766,500
Buzz Oates LLC
Cable Scott W & M T Trust
Grant Deed
—
Jun 30, 2017
—
Buzz Oates LLC
Oates Dev Group LLC
Quit Claim Deed
related
—
Jun 4, 2015
$207,000
Cable,scott W & M T Trust
Buzz Oates LLC
Grant Deed
—
Jun 4, 2015
—
Oates Dev Group LLC
Cable S W & M T Trust
Quit Claim Deed
—
Dec 22, 2011
$2,016,000
Snider Paul H Trust
Buzz Oates LLC
Grant Deed
—
Aug 2, 2010
—
Buzz Oates LLC
Oates Marvin L Trust
Quit Claim Deed
—
May 26, 2010
$2,000,000
Oates Marvin L Trust
Village Investors LLC
Grant Deed
—
—
—
Blakeslee Holdings LLC
—
Loan Modification
related
$1,535,000 · Central Vly Cmnty Bk
—
—
Blakeslee Holdings LLC
—
Loan Modification
related
$1,243,300 · Central Vly Cmnty Bk
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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