Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5959 Greenback Ln Citrus Heights, CA 95621

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Citrus Heights medical office complex, 6,391 SF

    Property size:
    6,391 SF

    Property Features for 5959 Greenback Ln

    General Information

    Property type
    Medical offices
    Square Feet
    6,391 SF

    Building Details

    Year Built
    1982

    We can help!

    Listing Contact
    Steve Park
    Steve Park

    Listing Agent: Steve Park

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional investment opportunity presents a portfolio of medical office condos totaling 6,391 square feet, ideally situated in Citrus Heights, California. Located at 5959 Greenback Ln, 95621, this property boasts convenient access to Interstate 80, ensuring effortless commutes for staff and clients. The assemblage comprises multiple condo units, offering flexibility for purchase—from individual units to the entire building. Built in 1982, the property benefits from ample parking with 175 spaces available. The zoning (SPA) permits a variety of uses, enhancing its versatility and potential. This prime location is surrounded by thriving residential neighborhoods and numerous retail amenities, catering to a strong demographic profile. Within a three-mile radius, the average household income is estimated at $102,222, indicating a robust and affluent market. Public transportation is also readily accessible. The property's strategic position within a business park alongside other medical facilities further strengthens its appeal. The APN numbers are 229-0010-032-0002
    Property Profile Location Intelligence

    Current Use by Public Records

    suite 430 Medical Clinic Creekside Dental Care Dental Office Dr. Sandra S. ... Physician Narwan Sarbjeet S ... Physician Brandon G. Lesueur, ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness 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
    -121.3225749
    Latitude
    38.680879

    Nearby Similar for Sale

    • Contact for pricing
      6,000 SF

      Medical Condo Units Assemblage

      Medical condo units for sale with freeway access and strong demographics.
      5959 Greenback Ln, Citrus Heights, CA 95621
      View Details
    • Contact for pricing
      18,983 SF

      Sunrise Medical Plaza Office Suites

      Medical office suites available for lease in Sunrise Trade Area.
      7916 Pebble Beach Dr, Citrus Heights, CA 95610
      View Details
    • Contact for pricing
      6,000 SF

      Medical Condo Units Assemblage

      Medical condo units for sale with easy freeway access.
      5959 Greenback Ln, Citrus Heights, CA 95621
      View Details
    • $3,480,000
      23,200 SF

      Retail Anchor Building For Sale

      23,200 SF anchor building with excellent I-80 access.
      8489-8493 Auburn Blvd, Citrus Heights, CA 95610
      View Details
    • Contact for pricing
      18,983 SF

      Sunrise Medical Plaza Office Suites

      Medical office suites available for lease in Sunrise Trade Area.
      7916 Pebble Beach Dr, Citrus Heights, CA 95610
      View Details
    • Contact for pricing
      6,250 SF

      Ambulatory Surgery Center For Sale

      6,250 SF ambulatory surgery center in Citrus Heights, CA.
      6337 Matheny Way, Citrus Heights, CA 95621
      View Details
    • Contact for pricing
      2,346 SF

      Multi-Tenant Retail Building For Sale

      Multi-tenant retail building with high visibility and monument signage.
      5411-5415 San Juan Ave, Citrus Heights, CA 95610
      View Details
    • Contact for pricing
      3,086 SF

      Medical/Dental Facility in Citrus Heights

      3,086 SF medical/dental facility on 0.45 acres for sale.
      7001 Greenback Ln, Citrus Heights, CA 95621
      View Details
    • Contact for pricing
      3,468 SF

      Citrus Heights Car Wash For Sale

      Income-generating car wash property available in Citrus Heights, California.
      6225 Binet Dr, Citrus Heights, CA 95621
      View Details
    • $579,000

      Citrus Heights Duplex: Investor Opportunity

      Duplex in Citrus Heights with income and upside potential.
      5947 Woodglade Ave, Citrus Heights, CA 95621
      View Details
    • Contact for pricing
      163,548 SF

      Citrus Heights Retail Opportunity

      Prominent retail location at Sunrise Blvd and Greenback Lane.
      5900 Sunrise Mall, Citrus Heights, CA 95610
      View Details
    • Contact for pricing
      942 SF

      Arcade Lake Condo with Greenbelt View

      Charming 2 bed, 2 bath condo with greenbelt view.
      8033 Arcade Lake Ln, Citrus Heights, CA 95610
      View Details

    FAQs

    What type of property is this?
    Medical office - Citrus Heights medical office complex, 6,391 SF
    Where is this medical office located?
    The property is located at 5959 Greenback Ln Citrus Heights, CA.
    What are key features of this property?
    This property features: Easy freeway access via Interstate 80.; Abundant nearby retail amenities.; Located in a medical business park with other medical facilities.
    (916) 792-1462 Call to check price and availability
    Request Owner's contact information
    5959 Greenback Ln Citrus Heights, CA 95621
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5959 Greenback Ln
    Citrus Heights, CA 95621
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5959 Greenback Ln Citrus Heights, CA 95621
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steve Park
    Steve Park
    Real Estate License ID: 01472232
    (916) 792-1462 (916) 677-8000 (916) 677-8114
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!