8507 Bond RdElk Grove, CA 95624

Property Details for 8507 Bond Rd

Year built

2004

Lot size

1.13 AC

Property size (Sq ft)

49,470 SF

Zone code

SC

Property type

Retail space

APN

116-0041-021-0000

APU

11600410210000

Description

This exceptional 42,000 square foot retail strip center, located at 8507, 8509, 8511, 8515, 8517 & 8519 Bond Road in Elk Grove, California (zip code 95624), presents a unique investment opportunity. The entire property, totaling 42,000 square feet, is currently vacant, offering a blank canvas for a single tenant or the potential for multiple tenants. Situated in Sacramento County, this property benefits from high visibility and accessibility, making it an ideal location for a variety of retail businesses. The address provides excellent street frontage and ample parking for customers. This is a rare chance to acquire a substantial retail space in a thriving Elk Grove location. The property's size and layout offer significant flexibility for customization to suit a wide range of retail concepts. With its prime location and substantial square footage, this property is poised for immediate occupancy and significant return on investment. Interested parties are encouraged to inquire for further details and to explore the possibilities this exceptional retail space offers. The property is classified as a retail strip center with multiple tenancy potential.

• CAP approach

  CAP return

  Valuation

  6%

  $12,233,728

  6.5%

  $11,292,672

  7%

  $10,486,053

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,799,584

  Geo Method

  $17,799,584

• Alternative Use

  Use

  Valuation

  Residential

  $9,525,791

  Hospitality

  $8,725,574

  Educational

  $7,259,575

  Medical

  $7,509,242

  Retail

  $11,292,672

Location Insight

City

Elk Grove

County

Sacramento

State

California

Latitude

38.4265

Longitude

-121.39

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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