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    3615 Elkhorn Blvd North Highlands, CA 95660
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    Property profile & analytics

    3615 Elkhorn Blvd North Highlands, CA 95660

    View on Map
    • Strip malls
    • 97,359 SF
    • 6.59 lot acres
    For Lease
    $9,205,000
    View Listing →
    Retail Space For Lease For Lease
    $9,205,000

    Retail Space For Lease

    Retail property available for lease in North Highlands, CA.

    3615 Elkhorn Blvd, North Highlands, CA 95660
    View Listing
    Property ID
    US09-1196399
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Big Lots / Discount Store

    Property Details for 3615 Elkhorn Blvd

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    6.59 lot acres
    Property size
    97,359 SF
    Zone code
    SPA
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    200-0220-015-0000
    APU
    20002200150000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,086,000
      Market price range: $2.61M - $8.78M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Highlands
    County
    Sacramento
    State
    California
    Longitude
    -121.382
    Latitude
    38.6914
    CBSA code
    40900
    CBSA name
    SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $116,311
    $1,305,087
    $8,822,727
    $10,127,814
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      6100 Watt Ave

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      6100 Watt Ave, North Highlands, CA 95660-4214
      View Details
    • Value Estimation
      $865,000
      4,800 SF

      5909 Watt Ave

      SHOPPING CENTER, STRIP CENTER • 4,800 SF
      5909 Watt Ave, North Highlands, CA 95660-4755
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    • Value Estimation
      $3,095,000
      17,928 SF

      6150 Watt Ave

      SHOPPING CENTER, STRIP CENTER • 17,928 SF
      6150 Watt Ave, North Highlands, CA 95660-4214
      View Details
    • Value Estimation by Request
      2,160 SF

      4900 Watt Ave

      SHOPPING CENTER, STRIP CENTER • 2,160 SF
      4900 Watt Ave, North Highlands, CA 95660-5110
      View Details
    • Value Estimation
      $1,175,000
      8,845 SF

      5601 Watt Ave

      SHOPPING CENTER, STRIP CENTER • 8,845 SF
      5601 Watt Ave, North Highlands, CA 95660-4799
      View Details
    • Value Estimation
      $2,560,000
      16,400 SF

      5444 Watt Ave

      SHOPPING CENTER, STRIP CENTER • 16,400 SF
      5444 Watt Ave, North Highlands, CA 95660-4900
      View Details

    Similar Nearby for Sale

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      Retail Investment Opportunity in Highlands

      Retail property with established tenants and high traffic exposure.
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      Jiffy Lube NNN Investment Opportunity

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      Former Restaurant Space For Sale

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      NNN Ground Lease Gas Station

      NNN ground lease gas station with favorable rent increases.
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      Single-Tenant Warehouse with Office and Yard

      10,800 SF warehouse with office and fenced yard for sale.
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      Retail Space Near McClellan Park

      Modern retail spaces with high visibility near a business park.
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      1,400 SF

      Retail Space Near McClellan Park

      Retail space with high visibility near a large business park.
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      Retail Space For Lease

      Retail property available for lease in North Highlands, CA.
      3615 Elkhorn Blvd, North Highlands, CA 95660
      View Details
    • $1.00 SF/Yr

      Retail Space in High-Traffic Location

      Retail space for lease in a high-traffic area.
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      View Details
    • Contact for pricing

      Commercial Land For Rent

      Commercial land available for rent along a main thoroughfare.
      4980 Watt Ave, North Highlands, CA 95660
      View Details
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    North Highlands, CA 95660
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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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