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    4006 Manzanita Ave Carmichael, CA 95608

    • Retail properties
    • 151,186 SF
    For Lease
    View listing
    $2 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 4006 Manzanita Ave

    Property size
    151,186 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    Crestview Village Shopping Center, located at 4006 Manzanita Ave, Carmichael, CA 95608, presents a unique investment opportunity in Sacramento County. This retail center boasts a total of 151,186 square feet, with 83,967 square feet currently vacant, offering multiple spaces ranging from 3,022 to 29,341 contiguous square feet. The property features excellent visibility from Manzanita Ave and Winding Way, situated on a high-traffic corridor anchored by a Save-Mart Grocery Store. The center benefits from its proximity to numerous national retailers, including Home Depot, Safeway, Bel Air, Dutch Bros, Rite Aid, Ace Hardware, Dollar Tree, Taco Bell, Carquest Auto Parts, and McDonald's. Its strategic location near American River College and within walking distance of Del Campo High School, Will Rogers Middle School, and Thomas Kelly Elementary School ensures high foot traffic and strong community engagement. Eleven spaces are currently available, providing flexibility for various retail and restaurant concepts. This prime location offers exceptional potential for growth and profitability. The property is classified as Retail, Restaurant, Storefront, Spa, and Massage.

    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
    38.6498

    Comparable in this City

    • Value Estimation by Request
      212,754 SF

      Madison Ave. & Manzanita Ave

      Retail properties • 212,754 SF
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    • Value Estimation
      $355,000
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      5038 Marconi Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,600 SF
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    • Value Estimation
      $360,000
      17,740 SF

      4949 Marconi Ave

      RETAIL STORES (PERSONAL SERVICES) • 17,740 SF
      4949 Marconi Ave, Carmichael, CA 95608-6827
      View Details
    • Value Estimation
      $420,000
      6,995 SF

      6908 Fair Oaks Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,995 SF
      6908 Fair Oaks Blvd, Carmichael, CA 95608-3382
      View Details
    • Value Estimation
      $380,000
      10,000 SF

      4555 Manzanita Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,000 SF
      4555 Manzanita Ave, Carmichael, CA 95608-1409
      View Details
    • Value Estimation
      $405,000
      4,800 SF

      2536 Walnut Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      2536 Walnut Ave, Carmichael, CA 95608-4733
      View Details

    Similar Nearby for Sale

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      Carmichael Retail Property For Sale

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    Similar Nearby for Lease

    • $2 SF/Yr
      151,186 SF

      Crestview Village Shopping Center

      Carmichael Retail Center - High Visibility
      4006 Manzanita Ave, Carmichael, CA 95608
      View Details
    • $30 SF/Yr
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      Carmichael Village Retail Space

      Prime Carmichael location, divisible suites.
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      Carmichael Retail Center Opportunity

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      52,778 SF

      Carmichael Medical Office Building

      Prime Medical Office Space Available in Carmichael, CA
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    • $2 SF/Yr
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      Freestanding Restaurant Space Available

      Former restaurant space for lease with tenant improvement allowance.
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    • $0.95 SF/Yr
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      Carmichael Retail Space For Lease

      Retail and service space in a busy shopping center.
      4949 Marconi Ave, Carmichael, CA 95608
      View Details
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    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.

    More about this property
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