Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8123 Sunrise Blvd Citrus Heights, CA 95610-1564
    Property profile & analytics

    8123 Sunrise Blvd Citrus Heights, CA 95610-1564

    View on Map
    • Apartment buildings
    • 135,008 SF
    Off-Market
    Property ID
    US09-5241276
    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
    $45,600,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Reva Apartments / Apartment Complex / Apartment Building

    Property Details for 8123 Sunrise Blvd

    Year built
    1984
    Construction
    WOOD
    Property size
    135,008 SF
    Zone code
    RD20 BP
    Property type
    Apartment buildings
    APN
    216-0150-047-0000
    APU
    21601500470000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $30,035,000
      6.5%
      $27,725,000
      7%
      $25,745,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $48,937,000
      Market price range: $12.9M - $48.9M
      AI Estimate
      $60,143,000
      Market price range: $2.87M - $60.1M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $32,420,000
      Current use
      RESTAURANT
      $63,500,000
      Change: +96% Conversion: Difficult
      MEDICAL BUILDING
      $35,150,000
      Change: +8% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $34,860,000
      Change: +8% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $31,535,000
      Change: -3% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $28,165,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Citrus Heights
    County
    Sacramento
    State
    California
    Longitude
    -121.273
    Latitude
    38.7132
    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
    $427,270
    $3,784,014
    $31,802,070
    $35,586,084
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      6428 Denton Way

      Multifamily properties
      6428 Denton Way, Citrus Heights, CA 95610
      View Details
    • Value Estimation
      $15,395,000
      59,648 SF

      6301 San Pablo Dr

      APARTMENT HOUSE (100+ UNITS) • 59,648 SF
      6301 San Pablo Dr, Citrus Heights, CA 95610-5741
      View Details
    • Value Estimation by Request
      268,502 SF

      7541 Ramona Ln

      APARTMENT HOUSE (100+ UNITS) • 268,502 SF
      7541 Ramona Ln, Citrus Heights, CA 95610-2930
      View Details
    • Value Estimation by Request
      1,022 SF

      7660 Auburn Blvd, Unit C

      APARTMENT HOUSE (5+ UNITS) • 1,022 SF
      7660 Auburn Blvd, Citrus Heights, CA 95610
      View Details
    • Value Estimation by Request
      1,022 SF

      7546 Antelope Rd, Unit A

      APARTMENT HOUSE (5+ UNITS) • 1,022 SF
      7546 Antelope Rd, Citrus Heights, CA 95610-2130
      View Details
    • Value Estimation by Request
      1,022 SF

      7524 Antelope Rd, Unit B

      APARTMENT HOUSE (5+ UNITS) • 1,022 SF
      7524 Antelope Rd, Citrus Heights, CA 95610-2128
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      43,600 SF

      Citrus Heights Retail Center

      Prime retail space, high traffic area.
      6124 San Juan Ave, Citrus Heights, CA 95610
      View Details
    • Contact for pricing

      Citrus Heights Land for Sale

      Commercial pads available at a busy Sacramento County intersection.
      5900 Sunrise Blvd, Citrus Heights, CA 95610
      View Details
    • Contact for pricing
      5,000 SF

      Commercial Land Parcel For Rent

      Commercial land parcel available for rent in Citrus Heights, CA.
      5525 Sunrise Blvd, Citrus Heights, CA 95610
      View Details
    • Contact for pricing

      Sunrise Medical Plaza Office Suites

      Medical office suites available for lease in Sunrise Trade Area.
      7916 Pebble Beach Dr, Citrus Heights, CA 95610
      View Details
    • Contact for pricing

      Sunrise Boulevard Land Opportunity

      Land available on Sunrise Boulevard in Citrus Heights, California.
      5900 Sunrise Blvds, Citrus Heights, CA 95610
      View Details
    • Contact for pricing
      10,104 SF

      Citrus Heights Office Building

      Office building for sale in Citrus Heights, California.
      5510 Birdcage St, Citrus Heights, CA 95610
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Citrus Heights Office Space Available

      Professionally managed office building near Sunrise and Fair Oaks Blvd.
      5414 Sunrise Blvd, Citrus Heights, CA 95610
      View Details
    • Contact for pricing

      Freestanding Building on Greenback Lane

      Freestanding ±3,870 SF retail building with high visibility.
      8042 Greenback Ln, Citrus Heights, CA 95610
      View Details
    • Contact for pricing

      Citrus Heights Commercial Pads For Rent

      Commercial pads for rent at a busy Sacramento County intersection.
      5900 Sunrise Blvd, Citrus Heights, CA 95610
      View Details
    • Contact for pricing

      Former Sears Building at Sunrise Mall

      Three-story retail space in Citrus Heights' Sunrise Mall.
      5900 Sunrise Blvd, Citrus Heights, CA 95610
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Citrus Heights

      Retail shopping center with high visibility and easy access.
      6029 San Juan Ave, Citrus Heights, CA 95610
      View Details
    • $1.50 SF/Yr
      949 SF

      Citrus Heights Office Space Available

      949 SF office space for rent in Citrus Heights.
      7816 Uplands Way, Citrus Heights, CA 95610
      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.
    8123 Sunrise Blvd
    Citrus Heights, CA 95610-1564
    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

    Thank You for Inquiry
    8123 Sunrise Blvd, Citrus Heights, CA, 95610
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!