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    7777 Greenback Ln Citrus Heights, CA 95610

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    For Lease
    Contact for pricing

    Attractive, remodeled office building in a prime Citrus Heights location.

    Type:Office
    Added:
    Jan 16, 2020
    Days on Market:
    2284
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 7777 Greenback Ln

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 7777 Greenback Ln Contact us

    Suite 104B $1.55 /Mo

    Size
    1,986 SF
    Type
    Office
    Contact us

    Suite 109 $1.49 /Mo

    Size
    5,169 SF
    Type
    Office
    All rents are Full Service Gross leases which include utilities and janitorial services.
    Contact us

    Suite 200 $1.59 /Mo

    Size
    2,744 SF
    Type
    Office
    $$2,685.00 nAll rents are Full Service Gross leases which include utilities and janitorial...
    show more
    Contact us

    Suite 201 $1.49 /Mo

    Size
    5,487 SF
    Type
    Office
    All rents are Full Service Gross leases which include utilities and janitorial services.
    Contact us

    We can help!

    Listing Contact
    Sandy Rodriguez

    Listing agent Sandy Rodriguez License #CalDRE #01249030

    Listing office Ethan Conrad Properties Inc

    Listing date Jan 16, 2020

    Source Crexi

    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 Inc

    Overview

    Remodeled Office Building in Citrus Heights

    This attractive office building is located in Citrus Heights. The building has been remodeled and is situated in a great location with a considerable amount of retail services nearby, specifically across from Sunrise Marketplace. It is one of the nicest office buildings in Citrus Heights.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    James Elmer Law ... Law Firm Paul Cass Law ... Law Firm Law Offices of Latzer ... Law Firm PEMCO Limited Real Estate Agency MS Achievement Center Medical Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Citrus Heights
    County
    Sacramento
    State
    California
    Longitude
    -121.277315
    Latitude
    38.678895

    Nearby Similar for Lease

    • Contact for pricing

      Citrus Heights Mixed-Use Space

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      Retail Space For Lease

      Retail space available in a busy retail area.
      7777 Sunrise Blvd, Citrus Heights, CA 95610
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    • $1.05/mo

      Retail Space on Auburn Blvd

      Retail space for lease on high-traffic Auburn Blvd.
      8500 Auburn Blvd., Citrus Heights, CA 95610
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      Retail/Flex Building For Lease

      Retail/flex building for lease with ample parking on-site.
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      Citrus Heights Retail/Office/Warehouse Space

      Two-story building with retail, office, and warehouse space for rent.
      6140 Auburn Blvd, Citrus Heights, CA 95621
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    • $1.25/mo

      Office Sublease on Sunrise Blvd

      Office space for sublease in Citrus Heights, CA.
      5735 Sunrise Blvd, Citrus Heights, CA 95610
      View Details
    • $1.75/mo

      Retail Spaces For Lease

      Retail spaces available in anchored shopping center with high traffic.
      6029-6085 Greenback Lane, Citrus Heights, CA 95621
      View Details
    • $1.25/mo

      Flex Warehouse with Yard Space

      Flex warehouse with office, detached warehouse, and yard for lease.
      Citrus Heights, CA 95610
      View Details
    • $1.25/mo

      Flex Warehouse with Yard Space

      Flex warehouse with office, detached warehouse, and yard for lease.
      7553 Auburn Blvd., Citrus Heights, CA 95610
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    • $1.35/mo

      Former Dance Studio For Lease

      Approximately 3,000 SF space in a neighborhood center.
      6104 San Juan Ave, Citrus Heights, CA 95610
      View Details
    • Contact for pricing

      Citrus Heights Retail Space Available

      Neighborhood center in a regional shopping destination.
      7925 Greenback Ln, Citrus Heights, CA 95610
      View Details
    • $1.00/mo

      Retail Space in Citrus Heights

      Retail shopping center with high visibility and easy access.
      6029 San Juan Ave, Citrus Heights, CA
      View Details

    FAQs

    What type of property is this?
    Office building - Attractive, remodeled office building in a prime Citrus Heights location.
    Where is this office building located?
    The property is located at 7777 Greenback Ln Citrus Heights, CA.
    What are key features of this property?
    This property features: Remodeled attractive office building: one of the nicest in Citrus Heights.; Prime location in Citrus Heights.; Close proximity to retail services (across from Sunrise Marketplace).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sandy Rodriguez
    Real Estate License ID: CalDRE #01249030
    Learn More
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    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
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