Village Commercial
For Sale
$329,000
1550 1550 Locust Avenue, Shasta Lake, CA 96019
Zoned Village Commercial with offices, restrooms, storage areas, and off-street parking.
Property Size1,900 SF
Price / SF$173.16
Days on Market266
Property Features for 1550 1550 Locust Avenue
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Retail
Zoning
Village Commercial
Additional Details
Land Use
commercial
Amenities
3
Parking.
Off Street.
Building Details
Year Built
1967
Listing Agency:
(530) 351-4364
Listed By:
Shasta Living Real Estate
(530) 351-4364
Source:
Xome
Added: Dec 7, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:30PM
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 Shasta Living Real Estate
Investment Insights
Based on property information with market context.
This 1,900-square-foot showroom property includes a prominent front display area, two private offices, two bathrooms, and multiple storage rooms. The building was constructed in 1967 and includes off-street parking.
The property is located at 1550 Locust Avenue in Shasta Lake, California. The sale also includes the adjoining 74' x 142' lot, providing additional land for expansion or another use permitted under Village Commercial zoning.
The property is located at 1550 Locust Avenue in Shasta Lake, California. The sale also includes the adjoining 74' x 142' lot, providing additional land for expansion or another use permitted under Village Commercial zoning.
Key Highlights
- 1,900‑square‑foot showroom property
- Large front showroom with two office spaces
- Two bathrooms and multiple storage rooms
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
$24,930
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
7.58%
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%
$498,600
$498.6K
Cap Rate 7%
$356,143
$356.1K
Cap Rate 9%
$277,000
$277.0K
Market Conditions
NOI Build-Up for 1,900 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
$37.8K $19.92/SF
− Vacancy
−$2.2K −$1.18/SF
EGI
$35.6K $18.74/SF
− OpEx
−$10.7K −$5.62/SF
NOI
$24.9K $13.12/SF
Area
Shasta County, CA
Vacancy
5.90%
Lease Rate
$19.92 /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%
$498,600
Cap Rate 7%
$356,143
Cap Rate 9%
$277,000
Alternative Uses
Best Use
Retail
$356.1K
$311.6K – $415.5K
NOI $24,930 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$423.0K
$370.1K – $493.5K
NOI $29,610 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 18%
Dollar Tree
Shops & Services
8,573 visits/mo
0.0 miles
Circle K
Shops & Services
6,123 visits/mo
0.5 miles
Pizza Factory
Dining
3,380 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
712 visits/mo
0.2 miles
Demographics for 96019, CA
10,491
Population
4,277
Households
2.5
Avg Household Size
42
Median Age
14%
College-Educated
91%
High-School Grad
19.3 sq mi
ZIP Area
544
Density / Sq Mi
$60,972
Median Household Income
$35,683
Median Earnings
$1,264
Median Rent
$271,600
Median Home Value
Market
Vacancy Rate% for Retail 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?
Showroom - Zoned Village Commercial with offices, restrooms, storage areas, and off-street parking.
Where is this showroom located?
The property is located at 1550 1550 Locust Avenue Shasta Lake, CA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 1,900‑square‑foot showroom property; Large front showroom with two office spaces; Two bathrooms and multiple storage rooms
