Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4708 Manzanita Ave Carmichael, CA 95608-0823

    • Grocery and convenience stores
    • 62,300 SF
    • 4.84 lot acres
    OFF-MARKET
    Last Sale
    Sep 06, 2023
    $955,000
    Value Estimations
    $1,040,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2188948
    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.

    Current Use by Public Records

    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • ATM (Save Mart) / Atm
    • KeyMe Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store
    • MoneyGram / Bank / Credit Union
    • Save Mart Pharmacy / Pharmacy

    Property Details for 4708 Manzanita Ave

    Year built
    1998
    Construction
    WOOD
    Lot size
    4.84 lot acres
    Property size
    62,300 SF
    Zone code
    SC
    Property type
    Grocery and convenience stores
    APN
    236-0070-015-0000
    APU
    23600700150000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $990,000
      ML approach
      $1,270,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Carmichael
    County
    Sacramento
    State
    California
    Longitude
    -121.326
    Latitude
    38.6497
    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
    2023
    $85,636
    $1,310,904
    $5,170,788
    $6,481,692
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $735,000
      4,800 SF

      5101 Marconi Ave

      CONVENIENCE STORE • 4,800 SF
      5101 Marconi Ave, Carmichael, CA 95608-4296
      View Details
    • Value Estimation
      $4,385,000
      48,004 SF

      5131 Fair Oaks Blvd

      GROCERY, SUPERMARKET • 48,004 SF
      5131 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • Value Estimation
      $2,620,000
      29,472 SF

      5920 Madison Ave

      GROCERY, SUPERMARKET • 29,472 SF
      5920 Madison Ave, Carmichael, CA 95608-0520
      View Details
    • Value Estimation
      $3,990,000
      44,202 SF

      5025 Marconi Ave

      GROCERY, SUPERMARKET • 44,202 SF
      5025 Marconi Ave, Carmichael, CA 95608-4205
      View Details
    • Value Estimation
      $1,140,000
      6,600 SF

      5038 Marconi Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,600 SF
      5038 Marconi Ave, Carmichael, CA 95608-4295
      View Details
    • Value Estimation
      $2,815,000
      17,740 SF

      4949 Marconi Ave

      RETAIL STORES (PERSONAL SERVICES) • 17,740 SF
      4949 Marconi Ave, Carmichael, CA 95608-6827
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,044 SF

      Carmichael Office/Retail Building For Sale

      11,044 SF office/retail building in the heart of Carmichael, CA.
      7300-7310 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • $1,962,000
      10,380 SF

      Prime Carmichael Retail Storefront

      10,380 SF Retail Space - $1.96M
      6705 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • $3,000,000
      33,190 SF

      Carmichael Retail Space For Sale

      Retail property with a large, divisible space on Fair Oaks.
      6431 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • Contact for pricing
      16,150 SF

      Carmichael Retail Opportunity

      Retail property with strong street visibility and flexible zoning.
      8210 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • $797,000
      948 SF

      Retail Property on Fair Oaks

      Retail property available for sale in Carmichael, California.
      7649 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • $1,350,000
      7,860 SF

      Carmichael Retail Property For Sale

      Retail property available for purchase in Carmichael, California.
      5913-5925 Fair Oaks Blvd, Carmichael, CA 95608
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,100 SF

      Retail Space on Fair Oaks

      Retail space available on a major thoroughfare.
      6324 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    • Contact for pricing
      1,080 SF

      Retail Space on Manzanita Avenue

      Retail space with high traffic and monument signage available.
      4100-4120 Manzanita Ave, Carmichael, CA 95608
      View Details
    • Contact for pricing
      8,000 SF

      Carmichael Retail Space Available

      Retail space available for lease in Carmichael, California.
      5227 Manzanita Ave, Carmichael, CA 95608
      View Details
    • Contact for pricing
      1,350 SF

      Carmichael Retail Space For Lease

      Retail and service space in a busy shopping center.
      4949 Marconi Ave, Carmichael, CA 95608
      View Details
    • Contact for pricing
      2,186 SF

      Retail Space Next to Safeway

      Retail space available next to Safeway with monument signage.
      4030 Manzanita Ave, Carmichael, CA 95608
      View Details
    • Contact for pricing
      30,302 SF

      Retail Space in Carmichael Center

      Neighborhood retail center anchored by Smart & Final on Fair Oaks.
      7223 Fair Oaks Blvd, Carmichael, CA 95608
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4708 Manzanita Ave
    Carmichael, CA 95608-0823
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!