7951 Antelope RdCitrus Heights, CA 95610

Property Details for 7951 Antelope Rd

Year built

1958

Construction

WOOD

Property size (Sq ft)

1,850 SF

Zone code

RD3

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

224-0040-044-0000

APU

22400400440000

Description

This exceptional 3.45-acre (approximately 150,282 square foot) parcel of land is situated on Antelope Road in Citrus Heights, CA (zip code 95610), a highly visible location just off Sunrise Boulevard, a major arterial connecting Interstate 80 and Highway 50. The property, with APN 224-0040-044, is zoned R-3, allowing for very low-density residential development, such as large-lot detached single-family dwellings. Rezoning to R-4 (4 units per acre) may be possible. Senior care facilities are also a permitted use, subject to a conditional use permit. The land boasts a key, tree-studded infill location surrounded by established, affluent neighborhoods and enjoys close proximity to shopping, services, and major medical campuses including Mercy San Juan Hospital, Sutter Roseville, and Kaiser Roseville. A previous City of Citrus Heights use permit, now expired, approved a plan for a kindergarten through 6th-grade charter school comprising a 25,000 square foot, two-story classroom building (22 classrooms and administrative space) and a 5,545 square foot multi-purpose building. A new use permit and design review permit application would be required for this or any similar project. The asking price is $1,050,000, translating to $6.99 per square foot. This presents a unique opportunity for developers seeking a prime location with diverse development potential.

• CAP approach

  CAP return

  Valuation

  6%

  $239,438

  6.5%

  $221,019

  7%

  $205,232

• Comparable approach

  Method

  Valuation

  Relative Method

  $303,764

  Geo Method

  $303,764

• Alternative Use

  Use

  Valuation

  Residential

  $280,372

  Hospitality

  $256,820

  Educational

  $213,671

  Medical

  $221,019

  Retail

  $332,377

Location Insight

City

Citrus Heights

County

Sacramento

State

California

Latitude

38.7071

Longitude

-121.268

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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