Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    137 Drake Road Alturas, CA 96101

    View on Map
    For Sale
    Contact for pricing

    LAND - Alturas, CA

    Lot size:
    0.91 Acres
    Added:
    Jan 19, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 1 at 12:06 pm

    Property Features for 137 Drake Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    036-122-014-000
    Lot size
    0.91 Acres

    We can help!

    Listing Contact
    Brian Dombroski

    Listing agent Brian Dombroski License #01919504

    Listing office Dombroski Realty 1150 E Herndon Ave #114, Fresno, CA

    Listing date Jan 19, 2026

    MLS# 26-236

    Copyright © 2026 Shasta 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.

    Overview

    Airstrip Lot in California Pines

    This is a 0.91-acre lot located on the airstrip in California Pines, Alturas, CA. Power lines are in front of the property. A well and septic system will be required for the construction of a residential dwelling.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alturas
    County
    Modoc
    State
    California
    Longitude
    -120.67708
    Latitude
    41.415273

    Nearby Similar for Sale

    • $380,000
      13,592 SF

      Historic Commercial Building on Main

      1908 historic building with multiple businesses and development potential.
      Main St., Alturas, CA 96101
      View Details
    • $13,900

      Beautiful Land Parcel in Alturas

      Gorgeous 1.47 acre land parcel with trees near Alturas.
      Hilltop Lane, Alturas, CA 96101
      View Details
    • $10,000

      Recreational Land in Alturas, CA

      Two parcels of land perfect for recreation or retreat.
      Mountain Quail Lane lot: 17,18, Alturas, CA 96101
      View Details
    • $13,500

      Alturas Land For Sale

      1.49 acre lot with utilities in Alturas, California.
      1742 Grande Road, Alturas, CA 96101
      View Details
    • $13,900

      Beautiful 1.47 Acre Land Parcel

      Gorgeous 1.47 acre land parcel with pine and cedar trees.
      0 Hilltop Lane, Alturas, CA 96101
      View Details
    • $18,200

      Land Parcels on the Lake

      Two adjoining, level land parcels on the lake with utilities.
      Shasta View Drive, Alturas, CA 96101
      View Details
    • $18,200

      Lakefront Land Parcels in Alturas

      Two adjoining, level land parcels on the lake with utilities.
      0 Shasta View Drive, Alturas, CA 96101
      View Details
    • $7,500

      Commercial Corner Lot in Alturas

      Visible commercial corner lot near California Pines Lodge.
      Yellow Pine, Alturas, CA 96101
      View Details
    • $17,500

      Lakefront Property in California Pines

      Serene lakefront property with paid utilities, ideal for recreation.
      0 Lake View Drive, Alturas, CA 96100
      View Details
    • $13,497

      Land in Alturas, California

      0.90-acre lot in Alturas, CA, perfect for recreation.
      California Pines Boulevard, Alturas, CA 96101
      View Details
    • $3,000,000

      Expansive Ranch with Water Rights

      2756-acre ranch with BLM permit and water reservoir.
      Graven Reservoir, Alturas, CA 96101
      View Details
    • $365,000

      560 Acres Hunting/Agricultural Land

      560 acres of land perfect for hunting and agriculture.
      Ranch Rd., Alturas, CA 96101
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot with power available in California Pines.
    Where is this residential land & home lot located?
    The property is located at 137 Drake Road Alturas, CA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Rare lot on the Airstrip in California Pines; Power available to the property; Ideal for building a custom home (Well & Septic Required)
    (818) 641-4254
    We can help!
    Listing Contact
    Brian Dombroski
    Real Estate License ID: 01919504
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!