This exceptional two-story, Class B medical office building, totaling 27,342 square feet, is situated on a 2.55-acre lot in Elk Grove's thriving business district, conveniently located near Elk Grove Blvd. Built in 1988 and extensively renovated in 2024, the property boasts 19 suites, with two immediately available, ranging from 670 to 1,050 contiguous square feet. A total of 1,720 square feet of vacant space is ready for immediate occupancy. The building features ample parking with 182 spaces and elevators for convenient access. The property is zoned BP/Business Professional (City of Elk Grove) and has a building floor area ratio (FAR) of 0.15. Recent upgrades include fresh exterior paint and landscaping enhancements. This is a full-service gross lease, meaning all operating expenses—property taxes, fire insurance, electricity, gas, trash, sewer, water, storm drain, janitorial services (five days a week), HVAC maintenance, roof maintenance, parking lot maintenance, and landscaping—are included in the base monthly rent. Tenants are only responsible for internet and suite security system costs in addition to the base rent. The property's APN is 125-0130-031. This presents a fantastic opportunity for medical professionals seeking modern, well-maintained office space in a prime Elk Grove location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$4,599,704
6.5%
$4,245,880
7%
$3,942,603
Comparable approach
Method
Valuation
Relative Method
$3,903,891
Geo Method
$3,903,891
Alternative Use
Use
Valuation
Residential
$5,264,892
Hospitality
$4,822,612
Educational
$4,012,357
Medical
$4,150,348
Retail
$6,241,444
Location Insight
City
Elk Grove
County
Sacramento
State
California
Latitude
38.4044
Longitude
-121.371
CBSA code
40900
CBSA name
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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