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    22184 State Highway 299 Bella Vista, CA 96008

    Sponsored
    For Sale
    $750,000

    MULTI_FAMILY - Bella Vista, CA

    Property size:
    4,800 SF
    Lot size:
    8.13 Acres
    Days on Market:
    13
    Last Refresh:
    Feb 1 at 6:06 pm

    Property Features for 22184 State Highway 299

    General Information

    Special listing conditions
    In Foreclosure, Notice Of Default, Bankruptcy Property
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    In Foreclosure, Notice Of Default, Bankruptcy Property
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 6, Bathroom 2, Bathroom 5, Bathroom 4, Bathroom 1, Bathroom 3
    Bedrooms
    5
    Bathrooms
    5
    APN
    305-310-066-000
    Parking
    15
    Parking features
    Garage, Driveway
    Size
    4,800 SF
    Lot size
    8.13 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1960
    Floors in Building
    4
    Number of units
    4

    We can help!

    Listing Contact
    Pedro Flores
    Pedro Flores

    Rodeo Realty (310) 471-2600

    Listing agent Pedro Flores (310) 724-7100 License #01270157

    Listing date Jan 20, 2026

    MLS# 26637857 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    Bella Vista Mixed-Use Investment

    Located in Bella Vista, California, Shasta County, this mixed-use property offers opportunities for investors and developers. Situated on approximately 8.13 acres of land along Highway 299, the property benefits from high visibility and consistent traffic. Potential uses include tiny home development, boutique lodging, glamping concepts, administrative or corporate offices, an owner's residence, a tourist retreat, or a mixed-use income project. An on-site restaurant, currently leased and operating under a five-year agreement with a professional chef, features approximately eighteen tables with seating for approximately seventy-two guests, providing stable rental income. The property also includes three independent residential units, remodeled in 2024, each with its own garage. One unit offers three bedrooms and two bathrooms, the second features two bedrooms and one bathroom, and the third includes one bedroom and one bathroom. Each unit is equipped with mini split air conditioning systems, ceiling fans, and swamp coolers. All units are currently rented, with one unit expected to be delivered vacant, offering flexibility for owner occupancy, office use, or short-term rental opportunities. The property has the potential to become a high-performing asset combining commercial income, residential income, tourism development, land appreciation, and long-term strategic value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Auto Repair Shop Food Market Grocery Store Garden Center Convenience Store Bakery Veterinary Clinic Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bella Vista
    County
    Shasta
    State
    California
    Longitude
    -122.231201
    Latitude
    40.64164

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with restaurant and residential units in Bella Vista.
    Where is this mixed-use property located?
    The property is located at 22184 State Highway 299 Bella Vista, CA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Prime Highway 299 frontage in Bella Vista, CA, offering exceptional visibility and high traffic exposure.; - 8.13 acres of land with significant potential for future expansion and diverse development opportunities (tiny homes, lodging, offices, etc.).; - Existing income-producing restaurant with a long-term lease and seating for 72 guests.
    (323) 771-4949
    Request Owner's contact information
    22184 State Highway 299 Bella Vista, CA 96008
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    Bella Vista, CA 96008
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    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
    22184 State Highway 299 Bella Vista, CA 96008
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    We can help!
    Listing Contact
    Pedro Flores
    Pedro Flores
    Real Estate License ID: 01270157
    (323) 771-4949
    Learn more
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