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    Nwc Greenback Ln & Fair Oaks Blvd Fair Oaks, CA 95628
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    Nwc Greenback Ln & Fair Oaks Blvd, Fair Oaks, CA 95628

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    Cap Rate Potential
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    Current Use by Public Records

    • Neighborhood centers

    Property Details for 0 Nwc Greenback Ln & Fair Oaks Blvd

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Greenfaire Village offers a prime retail space in the thriving Citrus Heights submarket of Sacramento County, California. Located at the northwest corner of Greenback Lane and Fair Oaks Boulevard, this multi-tenant property presents a unique opportunity for businesses seeking high visibility and accessibility. Available spaces range from a minimum of 680 square feet to a maximum contiguous space of 3,220 square feet, with one space currently available measuring between 2,000 and 6,098 square feet. The center's strategic location benefits from a 360-degree draw from the densely populated areas of Citrus Heights and Orangevale, ensuring significant foot traffic and exposure. This property is ideal for a variety of retail and/or office-related businesses seeking a prominent location in a busy commercial area. The property's address is in Citrus Heights, CA, zip code 95628, within Sacramento County. The property is suitable for multiple tenants. Further details regarding lease terms and available space are available upon request. This is an exceptional opportunity to establish or expand your business in a high-demand location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fair Oaks
    County
    Sacramento
    State
    California
    Longitude
    -121.262
    Latitude
    38.6787

    Comparable in this City

    • Value Estimation by Request
      12,664 SF

      9729 Fair Oaks Blvd

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      9729 Fair Oaks Blvd, Fair Oaks, CA 95628
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    • Value Estimation by Request

      4088 Bridge St

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      4088 Bridge St, Fair Oaks, CA 95628
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    • Value Estimation
      $6,390,000
      32,282 SF

      11721 Fair Oaks Blvd

      SHOPPING CENTER, STRIP CENTER
      11721 Fair Oaks Blvd, Fair Oaks, CA 95628-2816
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    • Value Estimation
      $505,000
      2,700 SF

      6715 Winding Way

      SHOPPING CENTER, STRIP CENTER
      6715 Winding Way, Fair Oaks, CA 95628-4404
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    • Value Estimation
      $735,000
      3,420 SF

      6705 Winding Way

      SHOPPING CENTER, STRIP CENTER
      6705 Winding Way, Fair Oaks, CA 95628-4404
      View Details
    • Value Estimation
      $745,000
      6,038 SF

      4404 San Juan Ave

      SHOPPING CENTER, STRIP CENTER
      4404 San Juan Ave, Fair Oaks, CA 95628-6744
      View Details

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      Fair Oaks Retail Building For Sale

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      Fair Oaks Retail Building

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      Fair Oaks Office Condo: Prime Location

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    Similar Nearby for Lease

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      12,328 SF

      Dominant Grocery-Anchored Shopping Center Space

      Retail space in Fair Oaks' dominant shopping center.
      8840-8874 Madison Ave, Fair Oaks, CA 95628
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      Retail Center on San Juan Avenue

      Multi-tenant retail center with flexible layout and ample parking.
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      Fair Oaks Retail/Restaurant Space

      Located at the intersection of San Juan and Sunset Avenue.
      4804-4854 San Juan Ave, Fair Oaks, CA 95628
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    • Contact for pricing
      1,200 SF

      Fair Oaks Retail/Restaurant Space

      Located at the intersection of San Juan and Sunset Avenue.
      4880-4894 San Juan Ave, Fair Oaks, CA 95628
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    • Contact for pricing
      2,040 SF

      Highly Visible Retail Space

      Retail space in a highly visible building on Sunrise Blvd.
      5300 Sunrise Blvd, Fair Oaks, CA 95628
      View Details
    • Contact for pricing
      3,100 SF

      Retail Space on Greenback Lane

      High visibility retail space in a dense residential area.
      8121-8143 Greenback Ln, Fair Oaks, CA 95628
      View Details
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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.

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