Building Details

Building materials WoodSiding

Listing Agency: eXp Realty of California, Inc-Cher Show Phone

Listed By: Cher Beck · License #01274716 Show Phone

Added: Jul 29, 2024 Changed: Sep 3 Last Checked: Sep 5 at 5:06PM

Report an Issue

MLS# 20240954

Copyright © 2026 Siskiyou Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2464-square-foot conventional restaurant building is offered with the business equipment and furnishings needed for restaurant operations. Included items range from tables and chairs to refrigerators, buffet cold line tables, freezers, a glassware freezer, ice machine, commercial range and grill, preparation tables, microwaves, dishwashing equipment, beer and wine cooler, cold storage, and an outdoor pizza oven. The business name is excluded from the sale.

The property occupies 0.18 acres at 113 W 3rd St in Dorris, California. It includes two bathrooms and is served by public water and public sewer, with propane utility service. Construction materials are wood siding.

Key Highlights

• 2464 square feet on a 0.18‑acre parcel
• Restaurant equipment and furnishings included with the building
• Commercial range, grill, dishwashing machine, microwaves, and large prep tables

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$13,536

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

4.51%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$270,720 $270.7K

Cap Rate 7%

$193,371 $193.4K

Cap Rate 9%

$150,400 $150.4K

Market Conditions

NOI Build-Up for 2,464 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$22.2K $9.00/SF

− Vacancy

−$2.8K −$1.15/SF

EGI

$19.3K $7.85/SF

− OpEx

−$5.8K −$2.35/SF

NOI

$13.5K $5.49/SF

Area

Siskiyou County, CA

Vacancy

12.80%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$270,720

Cap Rate 7%

$193,371

Cap Rate 9%

$150,400

Alternative Uses

Best Use

Specialty Retail

$432.7K

$378.6K – $504.8K (±1% cap)

NOI $30,290 @ 7.0% cap · market cap 10.10%

Second Best

Industrial

$193.4K

$169.2K – $225.6K (±1% cap)

NOI $13,536 @ 7.0% cap · market cap 4.51%

Theoretical Best

Office A

$724.8K

$634.2K – $845.7K (±1% cap)

NOI $50,739 @ 7.0% cap · market cap 16.91%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Shirley's Antiques & More Home Decor Store Taqueria Mi Raza Restaurant

Suggested Use

Top Pick Electrical Service Auto Repair Shop Furniture & Home Goods (Bike/Boat/Book/etc) Store Bakery Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

78

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 96023, CA

1,102

Population

572

Households

1.9

Avg Household Size

42

Median Age

11%

College-Educated

74%

High-School Grad

214.6 sq mi

ZIP Area

5

Density / Sq Mi

$36,014

Median Household Income

$24,152

Median Earnings

$822

Median Rent

$139,000

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

28-Unit Self-Storage Facility

Railroad Ave lot: 10, 11, 12, 13, Dorris, CA 96023

$99,999

0.46 Acres

View details

28-Unit Self-Storage Facility

Railroad Av, Dorris, CA 96023

$99,999

0.46 Acres

View details

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant building sale includes commercial kitchen equipment, dining furnishings, cold storage, and an outdoor pizza oven.

Where is this conventional restaurant located?

The property is located at 113 W 3rd St Dorris, CA.

What is the asking price?

The asking price for this property is $299,999.

What are key features of this property?

This property features: 2464 square feet on a 0.18‑acre parcel; Restaurant equipment and furnishings included with the building; Commercial range, grill, dishwashing machine, microwaves, and large prep tables