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    Madison Ave. & Manzanita Ave Carmichael, CA 95608
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    Madison Ave. & Manzanita Ave, Carmichael, CA 95608

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    • Retail properties & Spaces
    • 212,754 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Madison Ave. & Manzanita Ave

    Property type
    Retail properties & Spaces

    Description

    Madison Plaza, a prominent retail center located at the intersection of Madison Ave. and Manzanita Ave. in Carmichael, California (zip code 95608), presents a significant leasing opportunity. This exceptional property boasts a total of 212,754 square feet of retail space, currently featuring 8,100 square feet immediately available for lease. The building is situated in Sacramento County and offers ample parking with 1017 spaces for customer and tenant convenience. The property is classified as multi-tenant commercial retail space, providing a vibrant and established environment for businesses. The available 8,100 square feet presents a blank canvas for a variety of retail concepts, benefiting from high visibility and accessibility due to its prime location. The property's substantial size and ample parking make it an attractive option for businesses seeking a significant presence in the thriving Carmichael market. This is an excellent opportunity to establish or expand your retail operation in a well-established and highly visible location within a bustling commercial center. Interested parties are encouraged to inquire about lease terms and conditions. The property's location in Sacramento County, California, offers access to a strong consumer base and a robust local economy. The available space is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carmichael
    County
    Sacramento
    State
    California
    Longitude
    -121.326
    Latitude
    38.6626

    Comparable in this City

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      151,186 SF

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      1.14 Acres

      4010 Manzanita Ave

      DEPARTMENT STORE
      4010 Manzanita Ave, Carmichael, CA 95608-1724
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    • Value Estimation by Request
      4,140 SF

      Sec Of Fair Oaks Blvd. & Arden Way

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    • Value Estimation
      $1,020,000
      16,888 SF

      4010 Manzanita Ave

      DEPARTMENT STORE
      4010 Manzanita Ave, Carmichael, CA 95608-1724
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    • Value Estimation by Request
      32,760 SF

      5802-5840 Robertson Ave

      Retail properties & Spaces
      5802-5840 Robertson Ave, Carmichael, CA 95608
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    • Value Estimation
      $2,885,000
      21,376 SF

      6404 Fair Oaks Blvd

      DEPARTMENT STORE
      6404 Fair Oaks Blvd, Carmichael, CA 95608-4017
      View Details

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      Carmichael Retail Property For Sale

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      16,150 SF

      Carmichael Retail Opportunity

      Retail property with strong street visibility and flexible zoning.
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      Retail Property on Fair Oaks

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      1,760 SF

      Automotive Repair Facility on Fair Oaks

      1,760 SF automotive repair shop on 0.5-acre parcel.
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      Carmichael Retail Investment Opportunity

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      10,380 SF

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    Similar Nearby for Lease

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      1,104 SF

      Freestanding Restaurant Space Available

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      Multi-Tenant Retail/Office Property For Rent

      7,880 SF multi-tenant retail/office property on 0.42 acres.
      5925 Fair Oaks Blvd, Carmichael, CA 95608
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      15,241 SF

      Retail Space in Carmichael Center

      Neighborhood center on Fair Oaks Blvd with established retailers.
      7241 Fair Oaks Blvd, Carmichael, CA 95608
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      Retail Space Near Major Retailers

      Retail space with high visibility near national tenants.
      4141 Manzanita Ave, Carmichael, CA 95608
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      Freestanding Building at Fair Oaks

      Freestanding building with high visibility at signalized intersection.
      6705 Fair Oaks Blvd, Carmichael, CA 95608
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      2,350 SF

      Retail Space in Carmichael Center

      Retail space available in shopping center anchored by national tenants.
      4955-5025 Marconi Ave, Carmichael, CA 95608
      View Details
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    Madison Ave. & Manzanita Ave
    Carmichael, CA 95608
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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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    Madison Ave. & Manzanita Ave, Carmichael, CA, 95608
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