9727 Elk Grove Florin RdElk Grove, CA 95624

Property Details for 9727 Elk Grove Florin Rd

Year built

1988

Construction

WOOD

Lot size

2.55 AC

Property size (Sq ft)

27,342 SF

Zone code

BP

Property type

Healthcare properties

Property subtype

Medical offices

APN

125-0130-031-0000

APU

12501300310000

Description

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.

• 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

Property Tax & Assessments

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