Former Laundromat Retail/Office
For Sale
$189,000
11807 Main Street, Fort Jones, CA 96032
Former laundromat building on a main street with high traffic exposure; value is in land and structure.
Property Size1,750 SF
Price / SF$108
Days on Market682
Property Features for 11807 Main Street
General Information
Standard status
Active
Size
1,750 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$420
Amenities
3
Listing Agency:
(310) 351-9441
Listed By:
Pacific One Real Estate
Source:
Xome
Added: Oct 26, 2024
Changed: Sep 2
Last Checked: Sep 6 at 4:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pacific One Real Estate
Investment Insights
Based on property information with market context.
The property at 11807 Main Street, Fort Jones, CA 96032 is a former laundromat building that has been burnt down. The asset is positioned on land with a main structure, and the seller is marketing it as a clear renovation canvas and a fresh start for a future retail or office use.
The property is located on a major busy street with high-volume traffic exposure, which supports visibility for businesses seeking street-facing presence. The seller describes the value as primarily in the location, the land, and the main structure.
This is offered for sale, with the seller noting a highly motivated disposition.
The property is located on a major busy street with high-volume traffic exposure, which supports visibility for businesses seeking street-facing presence. The seller describes the value as primarily in the location, the land, and the main structure.
This is offered for sale, with the seller noting a highly motivated disposition.
Key Highlights
- Former laundromat building on a main street in Fort Jones with high traffic exposure
- Burnt‑down former laundromat structure offers a renovation opportunity
- No pool on the property
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
$16,493
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
8.73%
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%
$329,860
$329.9K
Cap Rate 7%
$235,614
$235.6K
Cap Rate 9%
$183,256
$183.3K
Market Conditions
NOI Build-Up for 1,750 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
$25.2K $14.40/SF
− Vacancy
−$1.6K −$0.94/SF
EGI
$23.6K $13.46/SF
− OpEx
−$7.1K −$4.04/SF
NOI
$16.5K $9.42/SF
Area
Siskiyou County, CA
Vacancy
6.50%
Lease Rate
$14.40 /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%
$329,860
Cap Rate 7%
$235,614
Cap Rate 9%
$183,256
Alternative Uses
Best Use
Retail
$235.6K
$206.2K – $274.9K
NOI $16,493 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.8K
$450.5K – $600.6K
NOI $36,036 @ 7.0% cap · market cap 19.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 64%
Shops & Services 36%
Ray's Food Place
Groceries
4,627 visits/mo
0.3 miles
Chevron
Shops & Services
2,647 visits/mo
0.4 miles
Demographics for 96032, CA
2,593
Population
1,361
Households
1.9
Avg Household Size
46
Median Age
21%
College-Educated
92%
High-School Grad
519.6 sq mi
ZIP Area
5
Density / Sq Mi
$69,953
Median Household Income
$43,423
Median Earnings
$1,168
Median Rent
$292,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Former laundromat building on a main street with high traffic exposure; value is in land and structure.
Where is this storefront property located?
The property is located at 11807 Main Street Fort Jones, CA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Former laundromat building on a main street in Fort Jones with high traffic exposure; Burnt‑down former laundromat structure offers a renovation opportunity; No pool on the property
