Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7552 Greenback Ln Citrus Heights, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Freestanding retail/industrial building on Greenback Lane retail corridor.

    Type:RETAIL
    Property size:
    3,065 SF
    Lot size:
    4.40 Acres
    Price / SF:
    $288/SF
    Added:
    Oct 15, 2024
    Days on Market:
    563
    Last Refresh:
    Apr 5 at 10:43 pm

    Property Features for 7552 Greenback Ln

    General Information

    Standard status
    Active
    Size
    3,065 SF
    Lot size
    4.40 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 7552 Greenback Ln Contact us

    We can help!

    Listing Contact
    Chase Burke
    Chase Burke

    Listing agent Chase Burke License #CA 2076108

    Listing office Rome Real Estate Group

    Listing date Oct 15, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Rome Real Estate Group

    Overview

    Freestanding Retail/Industrial Building For Rent

    This freestanding retail/industrial building offers approximately 3,065 square feet of space. The property benefits from excellent building signage visible from Greenback Lane. Its location is on Greenback Lane, between San Juan Avenue and Sunrise Boulevard, placing it within one of the busiest retail corridors in Sacramento County. The property is surrounded by a high concentration of major retailers, including Safeway, Kohl’s, Burlington Coat Factory, Ross Dress for Less, and Sam’s Club. It is also located in close proximity to the Sunrise Mall and Marketplace at Birdcage shopping center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Greenback Glass Inc Hardware & Home Improvement

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Citrus Heights
    County
    Sacramento
    State
    California
    Longitude
    -121.287
    Latitude
    38.6776

    Nearby Similar for Sale

    • $775,000
      2,995 SF

      Citrus Heights Office/Dental Condo

      Office condominium in a well-maintained business park, suitable for dental/medical.
      8035 Madison Avenue, Citrus Heights, CA 95610,
      View Details
    • Contact for pricing
      6,000 SF

      Medical Condo Units Assemblage

      Medical condo units for sale with freeway access and strong demographics.
      5959 Greenback Lane, Citrus Heights, CA 95621
      View Details
    • Contact for pricing
      18,983 SF

      Sunrise Medical Plaza Office Suites

      Medical office suites available for lease in Sunrise Trade Area.
      7916 Pebble Beach Dr., Citrus Heights, CA 95610
      View Details
    • $249,000
      1,600 SF

      Established Seafood Restaurant Opportunity

      Family-owned seafood restaurant with loyal customer base and growth potential.
      7135 Greenback Lane, Citrus Heights, CA 95621
      View Details
    • $650,000
      1,883 SF

      Citrus Heights Co-Living Investment

      7-bedroom, 3-bathroom co-living property in Citrus Heights, CA.
      6851 Albury St, Citrus Heights, CA 95621
      View Details
    • $2,900,000
      23,200 SF

      Retail Anchor Building For Sale

      23,200 SF anchor building with excellent I-80 access.
      8489-8493 Auburn Blvd, Citrus Heights, CA
      View Details
    • $11,500,000
      3,810 SF

      AM/PM & Arco Investment Property

      Corporate-signed, absolute NNN leased AM/PM & Arco in Citrus Heights.
      7560 Sunrise Blvd, Citrus Heights, CA 95610
      View Details
    • Contact for pricing
      6,250 SF

      Ambulatory Surgery Center For Sale

      6,250 SF ambulatory surgery center in Citrus Heights, CA.
      6337 Matheny Way, Citrus Heights, CA
      View Details
    • $1,900,000
      10,104 SF

      Citrus Heights Office Building

      Office building for sale in Citrus Heights, California.
      5510 Birdcage St, Citrus Heights, CA 95610
      View Details
    • $1,750,000
      3,468 SF

      Citrus Heights Car Wash For Sale

      Income-generating car wash property available in Citrus Heights, California.
      6225 Binet Dr, Citrus Heights, CA
      View Details
    • $3,962,400
      20,314 SF

      Class A Office Building

      Two-story office building with excellent visibility and parking.
      6518 Antelope Rd, Citrus Heights, CA
      View Details
    • $1,995,000
      7,500 SF

      Retail Space on Sunrise Boulevard

      Retail property available for lease in Citrus Heights, California.
      7010 Sunrise Blvd, Citrus Heights, CA
      View Details

    FAQs

    What type of property is this?
    Retail space - Freestanding retail/industrial building on Greenback Lane retail corridor.
    Where is this retail space located?
    The property is located at 7552 Greenback Ln Citrus Heights, CA.
    What is the asking price?
    The asking price for this property is $885,000.
    What are key features of this property?
    This property features: Excellent Location: Situated on Greenback Lane, a busy retail corridor in Sacramento County.; Freestanding ±3,065 sq ft Retail/Industrial Building; Excellent building signage visible from Greenback Lane
    (916) 705-8132 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chase Burke
    Chase Burke
    Real Estate License ID: CA 2076108
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!