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    6111 Sunrise Blvd Citrus Heights, CA 95610

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Space Available Now

    Lot size:
    325,279 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    The Marketplace at Birdcage, located at 6111 Sunrise Blvd, Citrus Heights, CA 95610, offers a prime retail opportunity in a thriving California market. This multi-tenant strip center boasts a total of 325,279 square feet of retail space, with a significant 44,053 square feet currently vacant. The property provides exceptional flexibility for businesses of various sizes, with spaces ranging from a minimum of 821 square feet to a maximum contiguous space of 33,800 square feet. Six individual spaces are currently available for lease, providing options for both smaller businesses seeking a convenient location and larger enterprises requiring substantial space. The center's strategic location in Citrus Heights ensures high visibility and accessibility for customers. This is an excellent chance to establish or expand your retail presence in a dynamic and growing community. The property's substantial size and diverse space options make it ideal for a variety of retail concepts. With its convenient location and ample parking, the Marketplace at Birdcage presents a compelling investment opportunity for discerning businesses seeking a prominent retail presence in Citrus Heights. Contact us today to learn more about the available spaces and lease terms.

    Property Features for 6111 Sunrise Blvd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    325,279 SF

    Unit(s) available at that property

    Space
    Suite 6130B
    Size
    6,729 SF
    Space
    Suite B111
    Size
    821 SF
    Space
    Suite B120
    Size
    1,240 SF
    Space
    Suite D100
    Size
    2,638 SF
    Space
    Suite D102
    Size
    2,375 SF
    Space
    B124
    Size
    800 SF

    HighLights

    • ±325,279 SF shopping center on Sunrise Blvd.
    • Strong anchor tenants including Walmart Neighborhood Market, Best Buy, Old Navy, Michaels, Barnes & Noble, and Chuze Fitness, with Lowe's and Target nearby.
    • Prime Sunrise Marketplace location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Barnes & Noble Toy Store

    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
    -121.2733699
    Latitude
    38.6747579

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Retail Space Available Now
    Where is this neighborhood center located?
    The property is located at 6111 Sunrise Blvd Citrus Heights, CA.
    What are key features of this property?
    This property features: ±325,279 SF shopping center on Sunrise Blvd.; Strong anchor tenants including Walmart Neighborhood Market, Best Buy, Old Navy, Michaels, Barnes & Noble, and Chuze Fitness, with Lowe's and Target nearby.; Prime Sunrise Marketplace location.
    Request Owner's contact information
    6111 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.

    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
    6111 Sunrise Blvd Citrus Heights, CA 95610
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