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    7700 Sunrise Blvd Citrus Heights, CA 95610

    Sponsored
    For Lease
    $16 SF/Yr ($13,580 /Mo)

    Prime Citrus Heights location, 9,770 SF available.

    Lot size:
    9,770 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    406
    Sunray Plaza presents a remarkable opportunity for retail businesses seeking a prominent location in the thriving Citrus Heights market. This 9,770 square foot strip center, currently fully vacant, boasts a prime position on Sunrise Boulevard, offering exceptional visibility and accessibility. The center benefits from significant exposure on both Sunrise Boulevard and Antelope Road, with easy access to Interstate 80 via Antelope Road. Strong anchors such as California Family Fitness, along with established co-tenants including Leatherboy's Family Creamery, Burger King, Taco Bell, and Circle K, create a vibrant and attractive retail environment. The surrounding area is densely populated, providing a substantial customer base. The property offers excellent ingress and egress from both major roadways, ensuring convenient access for customers and employees. Furthermore, pylon signage opportunities are available, enhancing visibility and brand recognition. The minimum divisible space is 1,070 square feet, with a maximum contiguous space of 4,831 square feet, providing flexibility for various retail concepts. A virtual tour is available for a comprehensive view of the property. This is an exceptional opportunity to establish a presence in a high-traffic, well-established retail center.

    Property Features for 7700 Sunrise Blvd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,770 SF
    Total Rate
    13580.3

    Unit(s) available at that property

    Space
    Suite 1400
    Size
    1,070 SF
    Rate per SF
    $17
    Space
    Suite 1600
    Size
    1,413 SF
    Rate per SF
    $17
    Space
    Suite 1500
    Size
    2,456 SF
    Rate per SF
    $16
    Space
    Suite 1700
    Size
    1,394 SF
    Rate per SF
    $17

    We can help!

    Listing Contact
    Ethan Conrad
    Ethan Conrad

    Learn more

    Property Insight Report

    HighLights

    • 9,770 SF retail strip center, fully vacant, available for lease or sale.
    • Located on Sunrise Blvd in Citrus Heights, with strong co‑tenancy including Burger King, Taco Bell, and Circle K.
    • High visibility on Sunrise Blvd and Antelope Rd, offering excellent ingress/egress.
    • Convenient access to I‑80 via Antelope Rd.
    • Anchored by California Family Fitness, benefiting from a dense residential population.
    • Pylon signage opportunity available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Senior Helpers Home Health Care Service In-Shape Family Fitness Gym Riss Cutz Barber ... Barber Shop Narenj Mediterranean Grocery Grocery Store Falafel Corner Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Citrus Heights
    County
    Sacramento
    State
    California
    Longitude
    -121.2698791
    Latitude
    38.706617

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Citrus Heights location, 9,770 SF available.
    Where is this neighborhood center located?
    The property is located at 7700 Sunrise Blvd Citrus Heights, CA.
    What is the lease rate?
    The lease rate is $16-$17 SF/Yr.
    What are key features of this property?
    This property features: 9,770 SF retail strip center, fully vacant, available for lease or sale.; Located on Sunrise Blvd in Citrus Heights, with strong co-tenancy including Burger King, Taco Bell, and Circle K.; High visibility on Sunrise Blvd and Antelope Rd, offering excellent ingress/egress.
    Request Owner's contact information
    7700 Sunrise Blvd Citrus Heights, CA 95610
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    Citrus Heights, CA 95610
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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
    7700 Sunrise Blvd Citrus Heights, CA 95610
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    We can help!
    Listing Contact
    Ethan Conrad
    Ethan Conrad
    Real Estate License ID: CA 01298662
    Learn more
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