6661 Auburn Blvd Citrus Heights, CA 95621-4925
- Individual retail properties
- 16,888 SF
- 1.76 lot acres
Current Use by Public Records
- Timothy J. Waller, PharmD / Pharmacy
- CDReload - Online Bitcoin ATM / Atm / Crypto Atm
- Phil Fotopoulos, RPH / Pharmacy
- Richard J. Morgan, PharmD / Pharmacy
- Western Union / Money Transfer Service
Property Details for 6661 Auburn Blvd
- Year built
- 1999
- Construction
- WOOD
- Lot size
- 1.76 lot acres
- Property size
- 16,888 SF
- Zone code
- LC
- Property type
- Individual retail properties
- APN
- 211-0132-046-0000
- APU
- 21101320460000
Description
This exceptional 16,888-square-foot retail property, formerly a Rite Aid pharmacy, presents a compelling investment or owner-occupancy opportunity in the thriving Citrus Heights market. Located at a signalized intersection on Auburn Blvd in Sacramento County, CA, the property boasts excellent visibility and high traffic counts exceeding 41,500 vehicles per day. The single-story building, constructed in 1999, sits on a 1.76-acre lot and features a double drive-thru lane, ample parking (approximately 73 spaces), and prominent monument signage. The building also benefits from its co-location with a long-term 24 Hour Fitness tenant. The LC (Limited Commercial) zoning allows for versatile uses, including retail, office, residential, or mixed-use development. This densely populated area is surrounded by residential homes, apartments, senior living facilities, and other retail establishments, including national brands like Costco, Walmart, and Starbucks. Within a 5-mile radius, there are over 381,000 residents with an average household income exceeding $94,500. The property's pro-forma net operating income (NOI) is $303,984. This is a fee-simple ownership opportunity with significant potential for a savvy investor or owner-occupant seeking a prime location in a high-demand area. The property is currently vacant, offering a blank canvas for a new business or redevelopment project. The property's location and zoning provide a unique opportunity for a variety of uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,670,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,570,000
- 6.5%
- $2,910,000
- 7%
- $2,840,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,720,000
- Geo Method
- $2,620,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,450,000
- Retail
- $3,090,000
- Mixed-Use
- $3,100,000
- Hospitality
- $3,095,000
- Educational
- $3,100,000
- Residential Income
- $2,595,000
- Energy
- $2,905,000
- Income-Based Land
- $2,770,000
- Food Service
- $2,890,000
Location Insight
- Map
- Local Demand
- City
- Citrus Heights
- County
- Sacramento
- State
- California
- Longitude
- -121.309
- Latitude
- 38.6878
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA