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Property profile & analytics
FOR LEASE
Strip malls

4141 Manzanita Ave Carmichael, CA 95608

21,159 SF 2 ac lot Built 1985
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-2484429
Property summary
AI-generated overview

Manzanita Oaks Center, located at 4141 Manzanita Ave in Carmichael, CA 95608, presents a compelling retail investment opportunity. This 30,983 square foot strip shopping center boasts excellent visibility from Manzanita Ave and Winding Way, situated on a busy corridor anchored by a Save-Mart grocery store. The center benefits from proximity to numerous national tenants, including Home Depot, Safeway, Bel Air, Dutch Bros, Rite Aid, Ace Hardware, Dollar Tree, Taco Bell, Carquest Auto Parts, and McDonald's, ensuring high foot traffic and brand recognition. The property is ideally positioned near American River College and within walking distance of several schools, including Del Campo High School, Will Rogers Middle School, and Thomas Kelly Elementary School, further enhancing its appeal. Currently, there is 4,535 square feet of vacant space available, divisible into units as small as 959 square feet and with a maximum contiguous space of 2,123 square feet. A virtual tour is available online. This location offers exceptional visibility and access within a thriving community.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1985
Construction WOOD
Total area 21,159 SF
Lot 2 ac (87,120 SF)
Zoning code LC
APN 230-0222-047-0000
UPID US09-2484429
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Halal Khorasan Kabob & Gyro Restaurant
  • Mountain Mike's Pizza Restaurant
  • Carmichael Nails Hair Salon Nail Salon
  • Oceanview Massage Alternative Medicine Practice Spa & Massage Center
  • Khurasan Market خراسان مارکیت Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.97M
Owner & transaction history
4141 Manzanita Ave LLC · 8 yrs held
4141 Manzanita Ave LLC
since 2017
7 recorded transactions
2022
Price N/A
2021
Price N/A
2017
Price N/A
2017
$2.5M
2016
Price N/A
1998
Price N/A
1969
Price N/A
Zoning & alternative use
LC · Carmichael, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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