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    Property profile & analytics

    8800-8820 Greenback Ln Orangevale, CA 95662

    • Neighborhood centers
    • 20,815 SF
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 8800-8820 Greenback Ln

    Property size
    20,815 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    This exceptional retail opportunity presents 20,815 square feet of prime commercial space in a thriving Orangevale, California location. Situated at 8800-8820 Greenback Lane, zip code 95662, this multi-tenant strip center offers six available spaces ranging from 1,006 to 6,044 contiguous square feet. A substantial 6,044 square feet is currently vacant, providing significant potential for expansion or new tenancy. The property boasts ample parking, with a ratio of 4.29 spaces per 1,000 square feet. This strategically located center benefits from high visibility and strong traffic counts, enhanced by its proximity to a variety of established businesses including Walmart Supercenter, Walgreens, WinCo Foods, Bank of America, Taco Bell, Mountain Mike's Pizza, CVS Pharmacy, the US Post Office, and Denny's. The property is located in Sacramento County and offers a fantastic opportunity for businesses seeking a high-traffic location within a well-established retail environment. A virtual 3D tour is available for a comprehensive view of the property. This is an ideal location for businesses seeking high visibility and strong foot traffic in a densely populated area. The property is classified as a retail strip center and is easily accessible from major roadways.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Orangevale
    County
    Sacramento
    State
    California
    Longitude
    -121.23
    Latitude
    38.6782

    Comparable in this City

    • Value Estimation
      $7,615,000
      47,016 SF

      9415 Madison Ave

      SHOPPING CENTER, STRIP CENTER • 47,016 SF
      9415 Madison Ave, Orangevale, CA 95662-4909
      View Details
    • Value Estimation
      $840,000
      8,880 SF

      9353 Greenback Ln Ste, Unit 2

      SHOPPING CENTER, STRIP CENTER • 8,880 SF
      9353 Greenback Ln Ste, Orangevale, CA 95662-4942
      View Details
    • Value Estimation
      $1,745,000
      17,700 SF

      8801 Greenback Ln

      SHOPPING CENTER, STRIP CENTER • 17,700 SF
      8801 Greenback Ln, Orangevale, CA 95662-4000
      View Details
    • Value Estimation
      $1,315,000
      12,450 SF

      8863 Greenback Ln

      SHOPPING CENTER, STRIP CENTER • 12,450 SF
      8863 Greenback Ln, Orangevale, CA 95662-4059
      View Details
    • Value Estimation
      $1,445,000
      15,150 SF

      8843 Greenback Ln

      SHOPPING CENTER, STRIP CENTER • 15,150 SF
      8843 Greenback Ln, Orangevale, CA 95662-4058
      View Details
    • Value Estimation
      $5,430,000
      62,331 SF

      8839 Greenback Ln

      SHOPPING CENTER, STRIP CENTER • 62,331 SF
      8839 Greenback Ln, Orangevale, CA 95662-4061
      View Details

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    Similar Nearby for Lease

    • $18 SF/Yr
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      Greenback Lane Retail Center

      Orangevale, CA Strip Mall - 6 Spaces Available
      8800-8820 Greenback Ln, Orangevale, CA 95662
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      Orangevale Retail Center - Lease Opportunity

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      Retail Space on Greenback Lane

      Retail spaces available in high-traffic Orangevale shopping center.
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      3,968 SF

      Retail Space on Greenback Lane

      Retail spaces available in high-traffic Orangevale shopping center.
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      Retail Spaces in Orangevale Center

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    • $1.40 SF/Yr
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      Retail Space on Greenback Lane

      Retail space available in strong retail corridor with great signage.
      8934 Greenback Ln, Orangevale, CA 95662
      View Details
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    Orangevale, CA 95662
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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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