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    7811 Lichen Dr Citrus Heights, CA 95621

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    For Lease
    Contact for pricing
    Lot size:
    108,081 SF

    Property Features for 7811 Lichen Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    108,081 SF
    Total Rate
    145909.35

    Spaces For Lease

    at 7811 Lichen Dr, Citrus Heights, CA 95621 Contact us
    Unit Suite 7835

    $21 /Mo

    Size
    1,961 SF
    Contact us
    Unit Suite 7811

    $16 /Mo

    Size
    6,930 SF
    Contact us
    Unit Suite 7821

    $20 /Mo

    Size
    1,985 SF
    Contact us
    Unit Suite 7823

    $19 /Mo

    Size
    2,937 SF
    Contact us

    We can help!

    Listing Contact
    Race Merritt
    Race Merritt

    Listing Agency: Ethan Conrad Properties Inc Listing Agent: Race Merritt

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

    Learn more

    Property Insight Report
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TNT Fireworks Discount Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Citrus Heights
    County
    Sacramento
    State
    California
    Longitude
    -121.3143725
    Latitude
    38.7084805

    Nearby Similar for Lease

    • $1.00 SF/Yr
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      Retail Space For Lease

      Retail space available in a busy retail area.
      7777 Sunrise Blvd, Citrus Heights, CA 95610
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    • $3,000 /Mo
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      Citrus Heights Retail/Office/Warehouse Space

      Two-story building with retail, office, and warehouse space for rent.
      6140 Auburn Blvd, Citrus Heights, CA 95621
      View Details
    • $1.25 SF/Yr
      12,016 SF

      Office Sublease on Sunrise Blvd

      Office space for sublease in Citrus Heights, CA.
      5735 Sunrise Blvd, Citrus Heights, CA 95610
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      Retail Space in Sylvan Marketplace

      Retail spaces for lease in a high-traffic shopping center.
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      Retail Space in Sunrise MarketPlace

      Retail space available in a high-traffic shopping destination.
      5450 Sunrise Blvd, Citrus Heights, CA 95610
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      Retail Space on Greenback Lane

      Retail property with high visibility and strong demographics.
      8042 Greenback Ln, Citrus Heights, CA 95610
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    • $1.30 SF/Yr
      3,520 SF

      Retail/Flex Building For Lease

      Retail/flex building for lease with high visibility and ample parking.
      5910 Auburn Blvd, Citrus Heights, CA 95621
      View Details
    • $1.75 SF/Yr
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      Retail Spaces For Lease

      Retail spaces available in anchored shopping center with high traffic.
      6029-6085 Greenback Ln, Citrus Heights, CA 95621
      View Details
    • $1.75 SF/Yr
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      Retail Space Near Sunrise Mall

      Retail space in a high-traffic shopping destination.
      7342 Greenback Ln, Citrus Heights, CA 95621
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    • $1.05 SF/Yr
      9,500 SF

      Retail Space on Auburn Blvd

      Retail space for lease on high-traffic Auburn Blvd.
      8500 Auburn Blvd, Citrus Heights, CA 95610
      View Details
    • $1.35 SF/Yr
      6,000 SF

      Former Dance Studio For Lease

      Approximately 3,000 SF space in a neighborhood center.
      6104 San Juan Ave, Citrus Heights, CA 95610
      View Details
    • $3 SF/Yr
      2,159 SF

      Retail Space in Citrus Heights

      Retail space available for lease in Citrus Heights, CA.
      7056 Sunrise Blvd, Citrus Heights, CA 95610
      View Details

    FAQs

    Where is this retail property located?
    The property is located at 7811 Lichen Dr Citrus Heights, CA.
    What is the lease rate?
    The lease rate is $16-$21 SF/Yr.
    What are key features of this property?
    This property features: I-80 access via Antelope Rd.; High visibility on Antelope Rd with multiple points of access.; EV charging stations on-site.
    (916) 779-1000 Call to check price and availability
    Request Owner's contact information
    7811 Lichen Dr Citrus Heights, CA 95621
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    Citrus Heights, CA 95621
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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
    7811 Lichen Dr Citrus Heights, CA 95621
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    Contact for Pricing
    Please call us for current price
    and status of this listing Race Merritt
    Race Merritt
    Real Estate License ID: 01700659
    (916) 779-1000 (916) 600-0330
    Learn more
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