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    404 North State Highway 3 Etna, CA 96027

    View on Map
    Sponsored
    For Sale
    $689,000

    Commercial, Classic - Etna, CA

    Property size:
    1,000 SF
    Lot size:
    1.16 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 6 at 3:06 pm

    Property Features for 404 North State Highway 3

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    Parking features
    None, Paved or Surfaced
    Patio and Porch features
    Deck
    Interior features
    Public Restrooms, Refrigerator Unit
    Exterior features
    Additional Structures, Deck, Lawn, Storage, Partial, Wood Fence
    Fencing
    Fenced, Wood
    Appliances
    Cooktop, Microwave, Refrigerator
    Size
    1,000 SF
    Lot size
    1.16 Acres

    Utilities

    Cooling system
    Wall/Window Unit(s)

    Building Details

    Number of units
    1
    Building materials
    Wood Siding
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Gail Garaventa

    John L. Scott Real Estate (530) 842-7319

    Listing agent Gail Garaventa (530) 842-7319 License #02214354

    Listing date Mar 6, 2026

    MLS# 20260200 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Iconic Restaurant Property on State Route

    This commercial property features a roadside restaurant located along California State Route 3, serving as a gateway to the Scott Valley, the Trinity Alps, and the Marble Mountain Wilderness areas. Known locally as Dotty’s, this destination burger stand has been in operation for over 60 years, serving locals, travelers, and outdoor enthusiasts. The property includes approximately 1.16 acres of commercially zoned land with highway frontage and an approximately 1,000 sq ft restaurant building. The location has historically supported a high-volume food service operation with regional patronage. The property is currently income-producing with an established operator in place, providing immediate revenue while offering flexibility for a future owner to continue leasing the operation or step into an owner-operator role. This presents a hospitality investment opportunity with room for future expansion or redevelopment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Map

    City
    Etna
    County
    Siskiyou
    State
    California
    Longitude
    -123.041
    Latitude
    41.4264

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Conventional restaurant - Established restaurant on 1.16 acres with highway frontage.
    Where is this conventional restaurant located?
    The property is located at 404 North State Highway 3 Etna, CA.
    What is the asking price?
    The asking price for this property is $689,000.
    What are key features of this property?
    This property features: - Prime highway frontage on California State Route 3 at the gateway to popular outdoor destinations.; - Commercially zoned 1.16-acre lot with a 1,000 sq ft restaurant building, offering expansion or redevelopment potential.; - Established, income-producing restaurant with an existing operator, providing immediate revenue.
    (707) 738-9952
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    404 North State Highway 3 Etna, CA 96027
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    Etna, CA 96027
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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
    404 North State Highway 3 Etna, CA 96027
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    We can help!
    Listing Contact
    Gail Garaventa
    Real Estate License ID: 02214354
    (707) 738-9952 (530) 842-7319
    Learn more
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