Former Sears Building at
For Sale
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5900 Sunrise Blvd, Citrus Heights, CA 95610
Former Sears building with auto center in Citrus Heights, CA.
Property Size163,548 SF
Lot Size10.00 Acres
Price / SF$73.95
Days on Market1361
Property Features for 5900 Sunrise Blvd
General Information
Standard status
Active
Size
163,548 SF
Lot size
10.00 Acres
Property subtype
Retail
Zoning
SPA
Listing Agency:
Ethan Conrad Properties Inc
(916) 779-1000
Listed By:
Ethan Conrad · License #CA 01298662
Source:
Crexi
Added: Dec 9, 2022
Changed: Aug 31
Last Checked: May 19 at 8:57PM
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
Investment Insights
Based on property information with market context.
The property is the former vacant three-story Sears building with an auto center and parts and service buildings, situated at Sunrise Mall at the intersection of Sunrise Boulevard and Greenback Lane in Citrus Heights, California. The Sunrise Mall is located at what is reported to be the second busiest intersection in Sacramento County, between the largest employment center outside of downtown Sacramento. The building is located on approximately 10 acres of land. The parking ratio is approximately 4/1,000 for the first and second floors and 2/1,000 for the lower level, with approximately 768 parking spaces. EVgo fast charging stations are available on-site.
Key Highlights
- Prominent retail location at the intersection of Sunrise Blvd and Greenback Lane.
- Located at Sunrise Mall, the second busiest intersection in Sacramento County.
- Approximately ±10 acres of land.
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
$1,033,100
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
8.54%
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%
$20,662,000
$20.7M
Cap Rate 7%
$14,758,571
$14.8M
Cap Rate 9%
$11,478,889
$11.5M
Market Conditions
NOI Build-Up for 163,548 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
$1.57M $9.60/SF
− Vacancy
−$94.2K −$0.58/SF
EGI
$1.48M $9.02/SF
− OpEx
−$442.8K −$2.71/SF
NOI
$1.03M $6.32/SF
Area
Sacramento County, CA
Vacancy
6.00%
Lease Rate
$9.60 /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%
$20,662,000
Cap Rate 7%
$14,758,571
Cap Rate 9%
$11,478,889
Alternative Uses
Best Use
Retail
$30.42M
$26.61M – $35.49M
NOI $2,129,120 @ 7.0% cap · market cap 17.60%
Second Best
Industrial
$14.76M
$12.91M – $17.22M
NOI $1,033,100 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$43.57M
$38.12M – $50.83M
NOI $3,049,890 @ 7.0% cap · market cap 25.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,791
Businesses Nearby
182k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Apparel 30%
Shops & Services 16%
Groceries 10%
Macy's
Apparel
32,444 visits/mo
0.3 miles
JCPenney
Apparel
22,705 visits/mo
0.3 miles
McDonald's
Dining
21,662 visits/mo
0.4 miles
Smart & Final
Groceries
18,600 visits/mo
0.4 miles
Starbucks
Dining
12,362 visits/mo
0.5 miles
Demographics for 95610, CA
46,592
Population
18,277
Households
2.5
Avg Household Size
37
Median Age
24%
College-Educated
91%
High-School Grad
7.9 sq mi
ZIP Area
5,898
Density / Sq Mi
$77,565
Median Household Income
$42,606
Median Earnings
$1,764
Median Rent
$466,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Babylon Auto Glass — 8088 Treecrest Ave, Citrus Heights, CA 95610
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- U-Haul Neighborhood Dealer — 8038 Greenback Ln, Citrus Heights, CA 95610
Frequently Asked Questions
What type of property is this?
Automotive property - Former Sears building with auto center in Citrus Heights, CA.
Where is this automotive property located?
The property is located at 5900 Sunrise Blvd Citrus Heights, CA.
What is the asking price?
The asking price for this property is $12,094,000.
What are key features of this property?
This property features: Prominent retail location at the intersection of Sunrise Blvd and Greenback Lane.; Located at Sunrise Mall, the second busiest intersection in Sacramento County.; Approximately ±10 acres of land.
