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

    7453 Watt Ave North Highlands, CA

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

    Modern retail spaces with high visibility near a business park.

    Type:RETAIL
    Property size:
    6,000 SF
    Lot size:
    10.10 Acres
    Added:
    Jul 12, 2024
    Days on Market:
    658
    Last Refresh:
    Apr 5 at 11:10 pm

    Property Features for 7453 Watt Ave

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Lot size
    10.10 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 7453 Watt Ave Contact us

    We can help!

    Listing Contact
    Race Merritt
    Race Merritt

    Listing agent Race Merritt License #01700659

    Listing office Ethan Conrad Properties

    Listing date Jul 12, 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 Ethan Conrad Properties

    Overview

    Retail Space Near McClellan Park

    This retail space benefits from a traffic count of 47,000 daily. The location is in a densely populated infill area, in close proximity to McClellan Park, the largest business park in Northern California, featuring over 16 million square feet of office, industrial, research and development, and mixed-use spaces. The property offers attractive and modern retail spaces and includes a highly visible pad space. A nearby Food Maxx has experienced a sales increase of over 30% since relocating from Antelope, which is one mile away. The property offers 6,000 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    North Highlands
    County
    Sacramento
    State
    California
    Longitude
    -121.383
    Latitude
    38.7022

    Nearby Similar for Lease

    • $1.00 SF/Yr

      Retail Space in High-Traffic Location

      Retail space for lease in a high-traffic area.
      5526-5540 Watt Ave., North Highlands, CA 95660
      View Details
    • $0.68 SF/Yr

      Warehouse with Office Space

      Lease opportunity: 12,600 sq ft warehouse with office in North Highlands.
      North Highlands, CA 95660
      View Details
    • Contact for pricing

      North Highlands Industrial Units Available

      Industrial units for lease in North Highlands, minutes from I-80.
      3608 Madison Avenue, North Highlands, CA 95660
      View Details
    • $0.68 SF/Yr

      Warehouse with Office For Lease

      Warehouse with office space available for lease near Interstate 80.
      4230-4248 Roseville Rd, North Highlands, CA 95660
      View Details
    • Contact for pricing

      Industrial/Flex Space in McClellan Park

      33,200 SF industrial/flex space available for sublease in McClellan Park.
      McClellan Park, CA 95652
      View Details
    • $8 SF/Yr

      Flex Space in North Highlands

      Flex space in two buildings with easy Interstate 80 access.
      3355 Myrtle Avenue, North Highlands, CA
      View Details
    • $0.65 SF/Yr

      North Highlands Industrial Warehouse Space

      Industrial warehouse space available for lease in North Highlands.
      3315 Orange Grove Ave, North Highlands, CA
      View Details
    • $0.95 SF/Yr

      Professional Office Space Available

      Office space in professional business park, close to light rail.
      4612 Roseville Rd, N Highlands, CA
      View Details
    • Contact for pricing

      North Highlands Warehouse Space

      Warehouse space available for lease in North Highlands, CA.
      2929 Orange Grove Ave, North Highlands, CA 95660
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail property available for lease in North Highlands, CA.
      3615 Elkhorn Blvd, North Highlands, CA, 95660
      View Details
    • Contact for pricing

      Industrial Space with Highway Frontage

      Industrial space for rent with easy highway access.
      3200-3280 Orange Grove Ave, North Highlands, CA
      View Details
    • $1.25 SF/Yr

      Small Office/Warehouse Space Available

      900 SF office/warehouse space for rent in North Highlands.
      6315 Watt Ave, North Highlands, CA
      View Details

    FAQs

    What type of property is this?
    Retail space - Modern retail spaces with high visibility near a business park.
    Where is this retail space located?
    The property is located at 7453 Watt Ave North Highlands, CA.
    What is the lease rate?
    The lease rate is $1.95 SF/Yr.
    What are key features of this property?
    This property features: High daily traffic count of 47,000; Densely populated infill location; Food Maxx sales up over 30% since relocation
    (916) 600-0330 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Race Merritt
    Race Merritt
    Real Estate License ID: 01700659
    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!