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 / Crypto Atm / Atm
- Phil Fotopoulos, RPH / Pharmacy
- Richard J. Morgan, PharmD / Pharmacy
- Western Union / Bank / Credit Union
Property Details for 6661 Auburn Blvd
- Year built
- 1999
- Construction
- WOOD
- Lot size
- 1.76 lot acres
- 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 Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,670,000
- ML approach
- $2,610,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,665,000
- 6.5%
- $3,380,000
- 7%
- $3,140,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,113,000
Market price range: $561k - $2.15M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,865,000 Current use
- MEDICAL BUILDING
- $4,395,000 Change: +54% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $4,360,000 Change: +52% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $4,055,000 Change: +42% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $3,945,000 Change: +38% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $3,525,000 Change: +23% Conversion: Difficult
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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
