Property profile

9880 Waterman Rd Elk Grove, CA 95624

FOR LEASE
Industrial properties
Property ID
US10-2846175
33,556 SF 2 ac lot Built 2006
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Elk Grove industrial property, located at 9880 and 9882 Waterman Road, zip code 95624, offers 9,200 square feet of flexible space currently available for lease. The property is zoned MP & LI, providing versatility for a range of businesses. The building is divisible, with a minimum leasable space of 2,300 square feet and a maximum contiguous space of 6,900 square feet, offering flexibility to accommodate various operational needs. The entire 9,200 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to occupy portions. This prime location in Elk Grove, California provides excellent access to major transportation routes, making it an ideal location for businesses requiring efficient logistics and distribution. The property's industrial classification and flexible zoning make it suitable for a variety of uses, from light manufacturing and warehousing to office and distribution centers. Interested parties are encouraged to inquire about lease terms and conditions. The property is ready for immediate occupancy. This is a rare opportunity to secure a substantial and versatile industrial space in a thriving California market.

Property profile

Verified
Property type Industrial properties
Use group MULTI-TENANT INDUSTRIAL BUILDING
Year built 2006
Construction TILT-UP CONCRETE
Total area 33,556 SF
Lot 2 ac (87,120 SF)
Zoning code MP
APN 134-0100-039-0000
UPID US10-2846175

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
  • Painting Service General Contractor
  • HVAC Service General Contractor

Location

9880 Waterman Rd Elk Grove, CA 95624
Elk Grove metro Census 9310 SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$700k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.29M
Blend (final) Blend
$995k

Owner & transaction history

since 2019
7 recorded transactions
2019
$5.2M
2017
Price N/A
2014
$1.4M
2008
$5.1M
2007
Price N/A
2005
Price N/A
2004
$500,000

Zoning & alternative use

MP · Elk Grove, CA
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 resear…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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