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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Retail space
6201 Greenback Ln Citrus Heights, CA 95621-6158
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-1398098
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Construction
TILT-UP CONCRETE
Total area
8,000 SF
Lot
0.47 ac (20,499 SF)
Zoning code
GC
APN
229-0023-002-0000
UPID
US09-1398098
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
-
Love Laundry Citrus Heights (Bike/Boat/Book/etc) Store
-
Citrus Heights Smoke Shop - Cigarettes, Fine Cigars, Hookah and Shisha, Vapes and Disposable Vapes, Water Pipes, Kratom, CBD (Bike/Boat/Book/etc) Store
-
iMAX PRiCES - Mobile Store Electronics & Wireless Store
-
RepairHub Computer & Electronic Repair Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.89M
CAP Approach
CAP
$1.60M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.95M
Owner & transaction history
Grenback Laundry LLC · 5 yrs held
Grenback Laundry LLC
since 2021
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
GC · Citrus Heights, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.1M
+53.5%
Auto repair, garage
$2.1M
+52.2%
Apartment house (5+ units)
$1.9M
+41.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Citrus Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Citrus Heights submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,920,000
ML approach
$1,885,000
CAP Approach
CAP Return
Estimation
6%
$1,735,000
6.5%
$1,600,000
7%
$1,490,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,355,000
Current use
MEDICAL BUILDING
$2,085,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,065,000
Change: +52% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,920,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,870,000
Change: +38% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,670,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±10% · vs last sale $2.00M (Jan 27 2021)
Last sale anchor
$2.00M
Jan 27 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$244 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$18,280
Tax year 2024
Assessed value
$1,517,527
Assessed 2024
Previous assessed
$1,517,527
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$435,095
Assessed improvement
$1,082,432
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
8,000 SF
Lot
0.47 ac (20,499 SF)
Zoning code
GC
APN
229-0023-002-0000
UPID
US09-1398098
Jurisdiction
SACRAMENTO
Zoning & alternative use
GC · Citrus Heights, CA
Zoning GC · permitted uses
GC · Citrus Heights, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Citrus Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.47 ac
Current owner
From public records · entity-resolved
Grenback Laundry LLC
Entity
Mailing address
6201 GREENBACK LN, CITRUS HEIGHTS, CA 95621-6158
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2021
—
Greenback Laundry LLC
—
Deed
related
$812,000 · Cdc Small Business Finance
Jan 27, 2021
$2,000,000
Grenback Laundry LLC
Bakersfield Laundry Acq LLC
Grant Deed
$800,000 · Farmers & Merchants Bk/ctrl Ca
Aug 30, 2019
$1,050,000
Bakersfield Laundry Acq LLC
Hirsch 1999 Family Trust
Grant Deed
$650,000 · Hirsch 1999 Family Trust (pt)
Apr 29, 2016
—
The Abecassis Family Trust
Maurice Abecassis
Intrafamily Transfer
related
$600,000 · American River Bank
Dec 29, 2015
$935,500
Abecassis Family Trust
Houck L M & M R Trust
Grant Deed
$278,000 · Abecassis Family Trust (pt)
Dec 29, 2015
—
Jack Hirsch
Hirsch,julia
Quit Claim Deed
related
—
Jun 18, 2014
—
Houck,lawrence M & M R Trust
Houck L M & M R Trust
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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