4141 Manzanita AveCarmichael, CA 95608

Property Details for 4141 Manzanita Ave

Year built

1985

Construction

WOOD

Lot size

2.00 AC

Property size (Sq ft)

21,159 SF

Zone code

LC

Property type

Retail properties

Property subtype

Strip malls

APN

230-0222-047-0000

APU

23002220470000

Description

Manzanita Oaks Center, located at 4141 Manzanita Ave in Carmichael, CA 95608, presents a compelling retail investment opportunity. This 30,983 square foot strip shopping center boasts excellent visibility from Manzanita Ave and Winding Way, situated on a busy corridor anchored by a Save-Mart grocery store. The center benefits from proximity to numerous national tenants, including Home Depot, Safeway, Bel Air, Dutch Bros, Rite Aid, Ace Hardware, Dollar Tree, Taco Bell, Carquest Auto Parts, and McDonald's, ensuring high foot traffic and brand recognition. The property is ideally positioned near American River College and within walking distance of several schools, including Del Campo High School, Will Rogers Middle School, and Thomas Kelly Elementary School, further enhancing its appeal. Currently, there is 4,535 square feet of vacant space available, divisible into units as small as 959 square feet and with a maximum contiguous space of 2,123 square feet. A virtual tour is available online. This location offers exceptional visibility and access within a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $4,118,286

  6.5%

  $3,801,495

  7%

  $3,529,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,613,126

  Geo Method

  $7,613,126

• Alternative Use

  Use

  Valuation

  Residential

  $3,206,704

  Hospitality

  $2,937,323

  Educational

  $2,443,818

  Medical

  $2,527,865

  Retail

  $3,801,495

Location Insight

City

Carmichael

County

Sacramento

State

California

Latitude

38.6402

Longitude

-121.329

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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