Building Details

Year built 1905

Floors in Building 2

Building materials Frame, Wood Siding

Roof type Metal

Listing Agency: CHASE INTERNATIONAL LAKE ALMANOR BROKERS a***@yahoo.com Show Phone

Listed By: Mel Benny · License #01431489 Show Phone

Added: Jul 8, 2025 Changed: Aug 19 Last Checked: Sep 17 at 6:06AM

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MLS# 20250810

Copyright © 2026 Plumas 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 C-2 property combines a 2,048-square-foot, two-story retail building with a half bath and 150-square-foot office, plus an 1,800-square-foot warehouse. The improvements include frame construction, wood siding, a metal roof, propane heating, and public sewer service. County approval may allow the retail building to be converted to housing, or it can remain in commercial use.

The 1.26-acre site includes an asphalted front area and red-rock gravel across the remainder, providing extensive outdoor space for vehicles, materials, or equipment. Chain-link perimeter fencing encloses the property, and a double-wide VersaTube carport may remain or be removed. Water is available at the site. Built in 1905, the property previously accommodated a hardware and lumber business serving household repair and construction-related needs.

Key Highlights

• 1.26‑acre C‑2 commercial property
• 2,048‑square‑foot two‑story retail building with a 150‑square‑foot office
• 1,800‑square‑foot warehouse included

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

$23,740

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

8.96%

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%

$474,800 $474.8K

Cap Rate 7%

$339,143 $339.1K

Cap Rate 9%

$263,778 $263.8K

Market Conditions

NOI Build-Up for 2,048 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

$36.9K $18.00/SF

− Vacancy

−$2.9K −$1.44/SF

EGI

$33.9K $16.56/SF

− OpEx

−$10.2K −$4.97/SF

NOI

$23.7K $11.59/SF

Area

Lassen County, CA

Vacancy

8.00%

Lease Rate

$18.00 /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%

$474,800

Cap Rate 7%

$339,143

Cap Rate 9%

$263,778

Alternative Uses

Best Use

Retail

$339.1K

$296.8K – $395.7K (±1% cap)

NOI $23,740 @ 7.0% cap · market cap 8.96%

Second Best

Flex RnD

$292.2K

$255.7K – $341.0K (±1% cap)

NOI $20,457 @ 7.0% cap · market cap 7.72%

Theoretical Best

Office A

$561.7K

$491.5K – $655.4K (±1% cap)

NOI $39,322 @ 7.0% cap · market cap 14.84%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

119

Businesses Nearby

Explore this area Business Placement

Demographics for 96137, CA

3,265

Population

3,948

Households

0.8

Avg Household Size

56

Median Age

26%

College-Educated

92%

High-School Grad

142.2 sq mi

ZIP Area

23

Density / Sq Mi

$63,480

Median Household Income

$30,667

Median Earnings

$971

Median Rent

$403,100

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 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 flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Versatile commercial property with retail, warehouse, office, and expansive outdoor storage areas.

Where is this flex space located?

The property is located at 314 316 318 Ash Street Westwood, CA.

What is the asking price?

The asking price for this property is $265,000.

What are key features of this property?

This property features: 1.26‑acre C‑2 commercial property; 2,048‑square‑foot two‑story retail building with a 150‑square‑foot office; 1,800‑square‑foot warehouse included