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    6041 Sunrise Blvd Citrus Heights, CA 95610
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    Property profile & analytics

    6041 Sunrise Blvd, Citrus Heights, CA 95610

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    • Shopping malls
    • 1,113,142 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Spencers / (Bike/Boat/Book/etc) Store
    • Espresso Bar | Sunrise Mall / Cafe & Coffee Shop
    • Nova Bitcoin ATM / Shopping Center & Mall / (Bike/Boat/Book/etc) Store
    • Farmers Market - Sunrise Mall, Citrus Heights / Specialty Food Shop / Farmer's Market
    • Miracle Chi Gong Massage | Sunrise Mall / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 6041 Sunrise Blvd

    Property type
    Shopping malls
    Property subtype
    Lifestyle centers

    Description

    Sunrise Mall, located at 6041 Sunrise Blvd in Citrus Heights, CA 95610, presents a significant retail investment opportunity in Sacramento County. This expansive shopping center and mall boasts a total of 1,113,142 square feet of leasable space, currently featuring a food court and anchor tenants. The property offers exceptional flexibility with spaces ranging from a minimum of 450 square feet to a maximum contiguous space of 276,421 square feet, accommodating a wide variety of retail businesses. Currently, there are 69 available spaces totaling 399,569 square feet, providing ample opportunity for expansion or new tenancy. The mall's prime location in Citrus Heights ensures high visibility and foot traffic, making it an ideal location for businesses seeking strong market presence. This multi-tenant property is classified as a retail shopping center and mall, offering a diverse range of possibilities for prospective tenants. The property's size and layout provide significant potential for both established businesses and emerging entrepreneurs. Interested parties are encouraged to explore the possibilities offered by this substantial retail space in a thriving California market. The property is situated in Sacramento County and offers easy access via Sunrise Blvd.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Citrus Heights
    County
    Sacramento
    State
    California
    Longitude
    -121.269
    Latitude
    38.6768

    Comparable in this City

    • Value Estimation by Request
      43,600 SF

      6124 San Juan Ave

      Lifestyle centers
      6124 San Juan Ave, Citrus Heights, CA 95610
      View Details
    • Value Estimation by Request
      9,500 SF

      8500 Auburn Blvd

      Neighborhood centers
      8500 Auburn Blvd, Citrus Heights, CA 95610
      View Details
    • Value Estimation
      $3,270,000
      37,426 SF

      7700 Sunrise Blvd Ste, Unit 1700

      SHOPPING CENTER, STRIP CENTER
      7700 Sunrise Blvd Ste, Citrus Heights, CA 95610-2378
      View Details
    • Value Estimation
      $2,850,000
      34,440 SF

      8525 Auburn Blvd

      SHOPPING CENTER, STRIP CENTER
      8525 Auburn Blvd, Citrus Heights, CA 95610-0315
      View Details
    • Value Estimation
      $1,890,000
      21,336 SF

      7601 Sunrise Blvd

      SHOPPING CENTER, STRIP CENTER
      7601 Sunrise Blvd, Citrus Heights, CA 95610-2343
      View Details
    • Value Estimation
      $1,170,000
      4,200 SF

      7660 Greenback Ln

      SHOPPING CENTER, STRIP CENTER
      7660 Greenback Ln, Citrus Heights, CA 95610-6615
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      43,600 SF

      Citrus Heights Retail Center

      Prime retail space, high traffic area.
      6124 San Juan Ave, Citrus Heights, CA 95610
      View Details
    • Contact for pricing
      163,548 SF

      Former Sears Building at Sunrise

      Former Sears building with auto center in Citrus Heights, CA.
      5900 Sunrise Blvd, Citrus Heights, CA 95610
      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
      3,065 SF

      Freestanding Retail/Industrial Building For Rent

      Freestanding retail/industrial building on Greenback Lane retail corridor.
      7552 Greenback Ln, Citrus Heights, CA 95610
      View Details
    • Contact for pricing
      7,500 SF

      Retail Space on Sunrise Boulevard

      Retail property available for lease in Citrus Heights, California.
      7010 Sunrise Blvd, Citrus Heights, CA 95610
      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

    Similar Nearby for Lease

    • Contact for pricing
      160,000 SF

      Retail Space in Sunrise Mall

      Located in the heart of California's state capitol region.
      7986 Greenback Ln, Citrus Heights, CA 95610
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on Greenback Lane

      Retail spaces available in Citrus Heights, ranging from 900-2,300 SF.
      8075-8085 Greenback Ln, Citrus Heights, CA 95610
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space in Citrus Heights

      Retail space available in a busy neighborhood shopping center.
      6400 Sunrise Blvd, Citrus Heights, CA 95610
      View Details
    • Contact for pricing
      8,000 SF

      Sunrise Mall Retail Space

      Retail space in a densely populated California trade area.
      6063 Sunrise Blvd, Citrus Heights, CA 95610
      View Details
    • Contact for pricing
      172,180 SF

      Sunrise Mall Retail Space

      Retail space in a large shopping mall.
      6000 Sunrise Mall, Citrus Heights, CA 95610
      View Details
    • Contact for pricing
      5,274 SF

      Retail Space in Citrus Heights

      Retail space available in a busy Citrus Heights location.
      5495 Sunrise Blvd, Citrus Heights, CA 95610
      View Details
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    Citrus Heights, CA 95610
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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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    6041 Sunrise Blvd, Citrus Heights, CA, 95610
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