Flex and Industrial Workshop
For Sale
Contact for pricing
124 Chaparral, Fort Jones, CA 96032
Two powered shop buildings, a pole barn, and a 7-stall shed row support mixed commercial or light industrial uses.
Property Size3,000 SF
Price / SF$163.33
Days on Market56
Property Features for 124 Chaparral
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Special Purpose
Additional Details
Water Rights
Yes
Listing Agency:
CENTURY 21 Advantage
(530) 926-2100
Listed By:
Lesley Jones · License #CA 01394761
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Jun 24 at 3:56AM
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 CENTURY 21 Advantage
Investment Insights
Based on property information with market context.
This income property in Fort Jones, CA includes two large shops with power, combined for 3,360 square feet of shop space. In addition, there is a 7,200 square foot pole barn and a shed row with 7 stalls currently used for horses and storage. A well and a community water system provide two water sources for the property’s current operations and potential future reconfiguration. The shed row could be enclosed for more versatile use.
The site is positioned to offer views from the top of the property, creating an opportunity for buyers who want a functional commercial setup with scenic outlook.
With its multiple outbuildings and powered shop areas, the property may suit a mechanic’s or trades-focused operation that needs both enclosed work space and additional covered storage. The existing horse stalls and storage arrangement provides a practical fit for equestrian-related use, while the option to enclose the shed row supports flexibility for other professional or business needs.
The site is positioned to offer views from the top of the property, creating an opportunity for buyers who want a functional commercial setup with scenic outlook.
With its multiple outbuildings and powered shop areas, the property may suit a mechanic’s or trades-focused operation that needs both enclosed work space and additional covered storage. The existing horse stalls and storage arrangement provides a practical fit for equestrian-related use, while the option to enclose the shed row supports flexibility for other professional or business needs.
Key Highlights
- Income property in Fort Jones, CA with two powered shop buildings totaling 3,360 sq ft
- Additional 7,200 sq ft pole barn plus a shed row with 7 stalls used for horses and storage
- Shed row could be enclosed for expanded use
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
$29,000
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
5.92%
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%
$580,000
$580.0K
Cap Rate 7%
$414,286
$414.3K
Cap Rate 9%
$322,222
$322.2K
Market Conditions
NOI Build-Up for 3,000 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
$48.6K $16.20/SF
− Vacancy
−$4.0K −$1.33/SF
EGI
$44.6K $14.87/SF
− OpEx
−$15.6K −$5.21/SF
NOI
$29.0K $9.67/SF
Area
Siskiyou County, CA
Vacancy
8.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
35.00%
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%
$580,000
Cap Rate 7%
$414,286
Cap Rate 9%
$322,222
Alternative Uses
Best Use
Flex RnD
$414.3K
$362.5K – $483.3K
NOI $29,000 @ 7.0% cap · market cap 5.92%
Second Best
Industrial
$235.4K
$206.0K – $274.7K
NOI $16,481 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$882.5K
$772.2K – $1.03M
NOI $61,776 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Water rights
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two powered shop buildings, a pole barn, and a 7-stall shed row support mixed commercial or light industrial uses.
Where is this flex space located?
The property is located at 124 Chaparral Fort Jones, CA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Income property in Fort Jones, CA with two powered shop buildings totaling 3,360 sq ft; Additional 7,200 sq ft pole barn plus a shed row with 7 stalls used for horses and storage; Shed row could be enclosed for expanded use
