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    9766 Waterman Rd Elk Grove, CA 95624
    Property profile & analytics

    9766 Waterman Rd, Elk Grove, CA 95624

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    • Industrial properties
    • 27,976 SF
    • 2.10 lot acres
    For Lease
    $1,135/Mo
    View Listing →
    Elk Grove Office Space For Lease
    $1,135/Mo
    326 SF

    Elk Grove Office Space

    Office suite available along Waterman Road in Elk Grove.

    9766 Waterman Rd, Elk Grove, CA
    View Listing
    Property ID
    US09-3103857
    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
    $695,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Elk Grove Soccer Club / Sports School / Sports Field & Court
    • Consolidated Communications / Telecommunications Service
    • CI Wraps / Car Wash
    • Falters Restrooms / Building Supply
    • Sulca's Carpets / Carpet & Flooring Store / Hardware & Home Improvement

    Property Details for 9766 Waterman Rd

    Year built
    1986
    Construction
    TILT-UP CONCRETE
    Lot size
    2.10 lot acres
    Zone code
    MP
    Property type
    Industrial properties
    APN
    134-0580-018-0000
    APU
    13405800180000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 19, 2024 — Dino Drive LLC Zehnder Family LLC Intrafamily Transfer · related —
    Oct 28, 2004 — John & N Zehnder Family Ptshp Jackson,john M SR Quit Claim Deed · related —
    Aug 5, 1998 — Jmvz Enterprises LLC J M V Z Grant Deed · related —
    — — J M V Z — Deed Of Trust · related —
    — — John & N Zehnder Family Ptshp — Deed Of Trust · related $5M · Standard Insurance Co
    — — John & N Zehnder Family Ptshp — Deed Of Trust · related $1.6M · Stockmans Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $575,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $808,000
      Market price range: $566k - $1.07M

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

    Location Insight

    • Map
    • Local Demand
    City
    Elk Grove
    County
    Sacramento
    State
    California
    Longitude
    -121.354
    Latitude
    38.4031
    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
    $24,566
    $579,532
    $2,449,351
    $3,028,883
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      19,595 SF

      9291 Bendel Pl

      MULTI-TENANT INDUSTRIAL BUILDING
      9291 Bendel Pl, Elk Grove, CA 95624-2494
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    • Value Estimation
      $810,000
      51,272 SF

      9736 Dino Dr

      MULTI-TENANT INDUSTRIAL BUILDING
      9736 Dino Dr, Elk Grove, CA 95624
      View Details
    • Value Estimation
      $1,360,000
      10,400 SF

      10551 Stockton Blvd

      INDUSTRIAL (GENERAL)
      10551 Stockton Blvd, Elk Grove, CA 95624-9743
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    • Value Estimation by Request
      12,000 SF

      9150 Elkmont Way

      Flex space
      9150 Elkmont Way, Elk Grove, CA 95624
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    • Value Estimation by Request
      15,400 SF

      9721 Kent St

      MULTI-TENANT INDUSTRIAL BUILDING
      9721 Kent St, Elk Grove, CA 95624-8804
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      47,392 SF industrial building 100% leased in Elk Grove.
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      Medical Office Condo For Sale

      2,497 SF medical office condo visible from Highway 99.
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      Pending

      Medical Office Condo For Sale

      Medical office condo available in Elk Grove, CA.
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      10535 E Stockton Blvd, Elk Grove, CA 95624

      Industrial properties
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      10471 Grant Line Rd, Elk Grove, CA 95624

      Mixed-use properties
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      Elk Grove Warehouse For Rent

      Insulated warehouse with open office and private restroom.
      9110 Un Pkwy, Elk Grove, CA 95624
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      1,360 SF

      Elk Grove Warehouse Space Available

      Insulated warehouse with offices located off Highway 99.
      9090 Un Pkwy, Elk Grove, CA 95624
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      2,873 SF

      Elk Grove Flex Space Available

      Flex space with office, showroom, and warehouse components for lease.
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      10,000 SF

      Elk Grove Industrial Warehouse

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      10273 Iron Rock Way, Elk Grove, CA 95624
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    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.

    More about this property
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    9766 Waterman Rd, Elk Grove, CA, 95624
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