Sign Up Successful!
You now have access to more from Realmo!
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

    7342 Greenback Ln Citrus Heights, CA 95621

    • Individual retail properties
    • 33,634 SF
    • 3.44 lot acres
    For Lease
    View listing
    $1.75 SF/Yr
    Last Sale
    May 12, 2022
    $8,400,000
    Value Estimations
    $7,835,000
    Cap Rate Potential
    5.3%
    Individual retail properties
    Location Intelligence
    Property ID
    US09-0828458
    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

    • Citrus Heights Sign Company | Custom Business Signs / Sign Shop
    • Amazon Locker - Perception / Mailing Service / E-Commerce Service
    • Ross Dress for Less / Clothing Store / Department Store

    Property Details for 7342 Greenback Ln

    Year built
    2002
    Construction
    TILT-UP CONCRETE
    Lot size
    3.44 lot acres
    Property size
    33,634 SF
    Zone code
    SC
    Property type
    Individual retail properties
    APN
    243-0380-005-0000
    APU
    24303800050000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,250,000
      ML approach
      $8,090,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,300,000
      6.5%
      $6,735,000
      7%
      $6,255,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,755,000
      Market price range: $3.86M - $8.07M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,705,000
      Current use
      MEDICAL BUILDING
      $8,755,000
      Change: +54% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $8,685,000
      Change: +52% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $8,075,000
      Change: +42% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $7,855,000
      Change: +38% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $7,015,000
      Change: +23% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Citrus Heights
    County
    Sacramento
    State
    California
    Longitude
    -121.295
    Latitude
    38.6777
    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
    2024
    $105,247
    $2,496,960
    $6,242,400
    $8,739,360
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,525,000
      141,279 SF

      7010 Auburn Blvd

      APPLIANCE STORE • 141,279 SF
      7010 Auburn Blvd, Citrus Heights, CA 95621-4342
      View Details
    • Value Estimation
      $1,350,000
      131,320 SF

      7147 Greenback Ln

      APPLIANCE STORE • 131,320 SF
      7147 Greenback Ln, Citrus Heights, CA 95621-5526
      View Details
    • Value Estimation
      $2,555,000
      29,604 SF

      6422 Tupelo Dr

      APPLIANCE STORE • 29,604 SF
      6422 Tupelo Dr, Citrus Heights, CA 95621-1708
      View Details
    • Value Estimation
      $1,470,000
      148,663 SF

      7000 Auburn Blvd

      APPLIANCE STORE • 148,663 SF
      7000 Auburn Blvd, Citrus Heights, CA 95621-4342
      View Details
    • Value Estimation
      $710,000
      34,947 SF

      6633 Auburn Blvd

      GYM, HEALTH SPA • 34,947 SF
      6633 Auburn Blvd, Citrus Heights, CA 95621-4925
      View Details
    • Value Estimation by Request
      131,535 SF

      7301 Greenback Ln Bldg D

      APPLIANCE STORE • 131,535 SF
      7301 Greenback Ln Bldg D, Citrus Heights, CA 95621-5591
      View Details

    Similar Nearby for Sale

    • $28,125,000
      162,769 SF

      San Juan Plaza Shopping Center

      Citrus Heights retail investment opportunity
      7301 Greenback Ln, Citrus Heights, CA 95621
      View Details
    • $1,750,000
      3,468 SF

      Citrus Heights Car Wash For Sale

      Income-generating car wash property available in Citrus Heights, California.
      6225 Binet Dr, Citrus Heights, CA 95621
      View Details
    • Contact for pricing
      6,391 SF

      Greenback Medical Office Condos

      Citrus Heights medical office complex, 6,391 SF
      5959 Greenback Ln, Citrus Heights, CA 95621
      View Details
    • $778,000
      1.02 Acres

      SummerHills Plaza Land Parcel

      Citrus Heights commercial land, prime location.
      7867 Lichen Dr, Citrus Heights, CA 95621
      View Details
    • $79,500
      800 SF

      Remodeled Mobile Home in Citrus Heights

      Move-in ready 2-bedroom mobile home in a 55+ community.
      5935 Auburn Blvd, Citrus Heights, CA 95621
      View Details
    • $778,000

      Developable Pad Near I-80

      1.02 acre developable pad with SPA zoning.
      7867 Lichen Dr, Citrus Heights, CA 95621
      View Details

    Similar Nearby for Lease

    • $1.65 SF/Yr
      1,250 SF

      Retail Space on Greenback Lane

      Retail space available in high-traffic Citrus Heights location.
      7340 Greenback Ln, Citrus Heights, CA 95621
      View Details
    • $1.75 SF/Yr
      2,800 SF

      Retail Space Near Sunrise Mall

      Retail space in a high-traffic shopping destination.
      7342 Greenback Ln, Citrus Heights, CA 95621
      View Details
    • $1.75 SF/Yr
      1,733 SF

      Retail Space in Citrus Heights

      Retail space available in a busy Citrus Heights shopping center.
      6059 Greenback Ln, Citrus Heights, CA 95621
      View Details
    • Contact for pricing
      1,816 SF

      Retail Space on Greenback Lane

      Retail space available for lease in Citrus Heights, California.
      7291 Greenback Ln, Citrus Heights, CA 95621
      View Details
    • $3,000 /Mo
      11,824 SF

      Citrus Heights Retail/Office/Warehouse Space

      Two-story building with retail, office, and warehouse space for rent.
      6140 Auburn Blvd, Citrus Heights, CA 95621
      View Details
    • $1.25 SF/Yr
      1,905 SF

      Freeway Frontage Retail Space

      Retail space with freeway frontage, easy access, and great visibility.
      6412 Tupelo Dr, Citrus Heights, CA 95621
      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.
    7342 Greenback Ln
    Citrus Heights, CA 95621
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.