6661 Auburn BlvdCitrus Heights, CA 95621

Property Details for 6661 Auburn Blvd

Year built

1999

Construction

WOOD

Lot size

1.76 AC

Property size (Sq ft)

16,888 SF

Zone code

LC

Property type

Retail properties

Property subtype

Other 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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,287,000

  6.5%

  $3,034,154

  7%

  $2,817,428

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,076,397

  Geo Method

  $6,076,397

• Alternative Use

  Use

  Valuation

  Residential

  $2,559,422

  Hospitality

  $2,344,417

  Educational

  $1,950,527

  Medical

  $2,017,609

  Retail

  $3,034,154

Location Insight

City

Citrus Heights

County

Sacramento

State

California

Latitude

38.6878

Longitude

-121.309

CBSA code

40900

CBSA name

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

Property Tax & Assessments

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