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    7342 Greenback Ln Citrus Heights, CA 95621
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    Property profile & analytics

    7342 Greenback Ln, Citrus Heights, CA 95621

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    • Individual retail properties
    • 33,634 SF
    • 3.44 lot acres
    For Lease
    $1.75 SF/Yr
    View Listing →
    Retail Space Near Sunrise Mall For Lease
    $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
    View Listing
    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.
    Value Estimations
    $8,180,000
    Cap Rate Potential
    5.3%
    Individual retail properties
    Location Intelligence

    Current Use by Public Records

    • Citrus Heights Sign Company | Custom Business Signs / (Bike/Boat/Book/etc) Store / Printing Service
    • Amazon Locker - Perception / Postal Service / Courier 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
    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 estimation — 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
      $12,395,000
      131,320 SF

      7147 Greenback Ln

      APPLIANCE STORE
      7147 Greenback Ln, Citrus Heights, CA 95621-5526
      View Details
    • Value Estimation
      $22,510,000
      148,663 SF

      7000 Auburn Blvd

      APPLIANCE STORE
      7000 Auburn Blvd, Citrus Heights, CA 95621-4342
      View Details
    • Value Estimation
      $1,095,000
      34,947 SF

      6633 Auburn Blvd

      GYM, HEALTH SPA
      6633 Auburn Blvd, Citrus Heights, CA 95621-4925
      View Details
    • Value Estimation
      $20,870,000
      141,279 SF

      7010 Auburn Blvd

      APPLIANCE STORE
      7010 Auburn Blvd, Citrus Heights, CA 95621-4342
      View Details
    • Value Estimation
      $18,050,000
      131,535 SF

      7301 Greenback Ln Bldg D

      APPLIANCE STORE
      7301 Greenback Ln Bldg D, Citrus Heights, CA 95621-5591
      View Details
    • Value Estimation
      $2,660,000
      16,888 SF

      6661 Auburn Blvd

      APPLIANCE STORE
      6661 Auburn Blvd, Citrus Heights, CA 95621-4925
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,200 SF

      Retail Anchor Building For Sale

      23,200 SF anchor building with excellent I-80 access.
      8489-8493 Auburn Blvd, Citrus Heights, CA 95621
      View Details
    • Contact for pricing
      3,468 SF

      Citrus Heights Car Wash For Sale

      Income-generating car wash property available in Citrus Heights, California.
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      View Details
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      132,937 SF

      Anchored Shopping Center For Sale

      Grocery-anchored shopping center in Citrus Heights, California.
      7301 Greenback Ln, Citrus Heights, CA 95621
      View Details
    • Contact for pricing
      11,000 SF

      Citrus Heights Strip Center

      Value-add strip center with cell tower in Citrus Heights.
      6424 Tupelo Dr, Citrus Heights, CA 95621
      View Details
    • $249,000

      Established Seafood Restaurant Opportunity

      Family-owned seafood restaurant with loyal customer base and growth potential.
      7135 Greenback Ln, Citrus Heights, CA 95621
      View Details
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      20,314 SF

      Class A Office Building

      Two-story office building with excellent visibility and parking.
      6518 Antelope Rd, Citrus Heights, CA 95621
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    Similar Nearby for Lease

    • 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
    • Contact for pricing
      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
    • $3,000 /Mo

      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
    • Contact for pricing
      7,918 SF

      Retail Space with Remodeled Interior

      Retail space with high visibility and easy access.
      8525 Auburn Blvd, Citrus Heights, CA 95621
      View Details
    • Contact for pricing
      2,412 SF

      Freeway Frontage Retail Space

      Retail space with freeway frontage, easy access, and great visibility.
      6412 Tupelo Dr, Citrus Heights, CA 95621
      View Details
    • Contact for pricing
      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
    View Listing
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    Citrus Heights, CA 95621
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    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.

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