Duplex with One Vacant
For Sale
$615,000
7235 Castilian Ct, Citrus Heights, CA 95621
Two-unit property with one side expected to become vacant and the other leased through August 2027.
Property Size2,041 SF
Price / SF$301.32
Days on Market189
Property Features for 7235 Castilian Ct
General Information
Standard status
Active
Size
2,041 SF
Property subtype
Multi-Family
Building Details
Year Built
1976
Listing Agency:
Kendra Jotten
(916) 647-1834
Listed By:
Kendra M. Jotten · License #02057392
Source:
Sacramentoareahouses
Added: Feb 22
Changed: Aug 29
Last Checked: Aug 29 at 5:31PM
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 Kendra Jotten
Investment Insights
Based on property information with market context.
This two-unit residential income property contains 2,041 square feet and was built in 1976. The configuration provides separate 7235 and 7237 sides, with one unit expected to be vacant as of August 1st or earlier.
The 7237 unit is scheduled to carry a lease from August 2026 through August 2027. The property is located on Castilian Ct in Citrus Heights, California, providing a defined duplex configuration for multifamily ownership.
The 7237 unit is scheduled to carry a lease from August 2026 through August 2027. The property is located on Castilian Ct in Citrus Heights, California, providing a defined duplex configuration for multifamily ownership.
Key Highlights
- Two‑unit duplex configuration at 7235/7237 Castilian Ct
- 2,041 square feet of property size
- One side expected to be vacant as of August 1st or earlier
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,668
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$593,360
$593.4K
Cap Rate 7%
$423,829
$423.8K
Cap Rate 9%
$329,644
$329.6K
Market Conditions
NOI Build-Up for 2,041 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$45.3K $22.20/SF
− Vacancy
−$2.9K −$1.43/SF
EGI
$42.4K $20.77/SF
− OpEx
−$12.7K −$6.23/SF
NOI
$29.7K $14.54/SF
Area
Sacramento County, CA
Vacancy
6.46%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$593,360
Cap Rate 7%
$423,829
Cap Rate 9%
$329,644
Alternative Uses
Best Use
Multifamily LT 5
$423.8K
$370.9K – $494.5K
NOI $29,668 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$389.2K
$340.5K – $454.1K
NOI $27,243 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$543.7K
$475.8K – $634.4K
NOI $38,061 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
Explore this area
Business Placement
Demographics for 95621, CA
42,941
Population
17,284
Households
2.5
Avg Household Size
40
Median Age
20%
College-Educated
90%
High-School Grad
6.7 sq mi
ZIP Area
6,409
Density / Sq Mi
$77,377
Median Household Income
$43,789
Median Earnings
$1,776
Median Rent
$401,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with one side expected to become vacant and the other leased through August 2027.
Where is this duplex located?
The property is located at 7235 Castilian Ct Citrus Heights, CA.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Two‑unit duplex configuration at 7235/7237 Castilian Ct; 2,041 square feet of property size; One side expected to be vacant as of August 1st or earlier
