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    The Largest CRE Database in the US with Over 1 Million Listings

    1215 Colusa Ave Yuba City, CA 95991

    Sponsored
    For Lease
    $1.75 SF/Yr

    Prime Retail Space, Yuba City, CA

    Lot size:
    407,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    414
    This exceptional retail opportunity presents 407,300 square feet of prime retail space at the thriving Yuba Sutter Marketplace in Yuba City, California. Located at 1215 Colusa Ave, 95991, this multi-tenant property boasts over 90% occupancy and strong tenant sales, evidenced by consistent lease renewals and robust new lease activity. The center features a diverse mix of national retailers, including JCPenney and Ross as major anchors, along with Aeropostale, Bath & Body Works, Payless Shoes, American Eagle, Foot Locker, DeVons Jewelers, and many more. Recent additions significantly enhance the property's appeal, with Burlington, Hobby Lobby, Boot Barn, Five Below, Turner's Outdoorsman, Tilly's, and Enterprise now open, and Carter's and Shoe Palace recently signing leases. Spaces range from a minimum of 748 square feet to a maximum contiguous space of 15,952 square feet, with 45,663 square feet currently vacant. Junior anchor suites, food court space, and retail kiosk opportunities are also available. This property offers a compelling investment prospect in a high-traffic location within Sutter County, California. The property's success is further underscored by its strong tenant base and consistent performance. This is an ideal opportunity for investors seeking a stable, high-performing retail asset in a growing market.

    Property Features for 1215 Colusa Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    407,300 SF
    Total Rate
    59397.92

    Unit(s) available at that property

    Space
    G723
    Size
    2,893 SF
    Rate per SF
    $23
    Space
    Suite C331
    Size
    1,089 SF
    Rate per SF
    $3
    Space
    Suite C332
    Size
    1,952 SF
    Rate per SF
    $3
    Space
    Suite D402
    Size
    803 SF
    Rate per SF
    $2
    Space
    Suite F611
    Size
    2,014 SF
    Rate per SF
    $17
    Space
    Suite G719
    Size
    4,575 SF
    Rate per SF
    $1.75
    Space
    Suite G720
    Size
    2,855 SF
    Rate per SF
    $1.83
    Space
    Suite G721
    Size
    2,298 SF
    Rate per SF
    $1.92
    Space
    Suite D409
    Size
    1,622 SF
    Rate per SF
    $2
    Space
    Suite G706
    Size
    1,250 SF
    Rate per SF
    $38

    We can help!

    Listing Contact
    Ravjeet Basi
    Ravjeet Basi

    Learn more

    Property Insight Report

    HighLights

    • High‑profile corner location at Hwy 99 and Hwy 20.
    • Dominant regional mall, the only one within a 35‑mile radius, boasting over 407,000 square feet of retail space and ample parking.
    • Strong tenant lineup including Burlington, Hobby Lobby, Boot Barn, Five Below, Turner's Outdoorsman, Tilly's, and Enterprise; Carter's and Shoe Palace are upcoming tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Raymond Company General Contractor Auntie Anne's Bakery Spencers T-Shirt Store Zumiez Sunglasses Store BitcoinNW Bitcoin ATM Atm

    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
    Yuba City
    County
    Sutter
    State
    California
    Longitude
    -121.6326756
    Latitude
    39.144259

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, Yuba City, CA
    Where is this retail property located?
    The property is located at 1215 Colusa Ave Yuba City, CA.
    What is the lease rate?
    The lease rate is $1.75-$38 SF/Yr.
    What are key features of this property?
    This property features: High-profile corner location at Hwy 99 and Hwy 20.; Dominant regional mall, the only one within a 35-mile radius, boasting over 407,000 square feet of retail space and ample parking.; Strong tenant lineup including Burlington, Hobby Lobby, Boot Barn, Five Below, Turner's Outdoorsman, Tilly's, and Enterprise; Carter's and Shoe Palace are upcoming tenants.
    Request Owner's contact information
    1215 Colusa Ave Yuba City, CA 95991
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    Yuba City, CA 95991
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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
    1215 Colusa Ave Yuba City, CA 95991
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    We can help!
    Listing Contact
    Ravjeet Basi
    Ravjeet Basi
    Real Estate License ID: CA 02087094
    Learn more
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