Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Yreka Commercial Land Opportunity Title is generated by Realmo AI

    318 Payne Lane, Yreka, CA 96097

    View on Map
    Claim this Listing
    New
    For Sale
    $275,000

    LAND - Yreka, CA

    Lot size:
    2.60 Acres
    Added:
    May 26, 2026
    Days on Market:
    1
    Last Refresh:
    May 26 at 4:06 pm

    Property Features for 318 Payne Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.60 Acres

    We can help!

    Listing Contact
    Stace Jankowski
    Stace Jankowski

    Listing agent Stace Jankowski License #02003434

    Listing office Coldwell Banker-Mtn Gate Properties 426 N MT SHASTA BLVD, Mount Shasta, CA

    Listing date May 26, 2026

    MLS# 20260662 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.

    HighLights

    • Zoned commercial, offering diverse business opportunities.
    • Rare commercial investment opportunity.
    • 2.6 acre property within city limits.
    • Access to city water.
    • Includes a domestic well.
    • Suitable for professional office use.

    Overview

    This is a 2.6-acre commercial property located within city limits. It is zoned for commercial and professional office use. The property has access to city water and also features a domestic well.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Yreka
    County
    Siskiyou
    State
    California
    Longitude
    -122.643914
    Latitude
    41.71635

    Nearby Similar for Sale

    • $685,000
      11,640 SF

      Turnkey Climate Controlled Storage Facility

      Indoor climate-controlled self-storage business with retail space in Yreka.
      204 S Broadway, Yreka, CA 96097
      View Details
    • $345,000
      1,900 SF

      Yreka Multifamily Property For Sale

      Excellent rental property with long-term tenants in Yreka, CA.
      312-314 Lawrence Lane, Yreka, CA 96097
      View Details
    • $470,000

      Expansive Off-Road Recreation Land

      626 acres of rugged land near Yreka, California.
      626 Acres Yreka Walker/Humbug Rd, Yreka, CA 96097
      View Details
    • $249,000

      Yreka Land with Development Potential

      6+ acre parcel in Western Hills with city utilities.
      Discovery Street, Yreka, CA 96097-3039
      View Details
    • $109,500

      Klamath Riverfront Land Opportunity

      5.47 acres of riverfront land bordering Klamath National Forest.
      7 Miles out Klamath River Road, Yreka, CA 96097
      View Details
    • $32,500

      Yreka Homesite with Mountain Views

      Buildable lot in Yreka with mountain and city views.
      1107 Discovery St., Yreka, CA 96097-9704
      View Details
    • $179,999

      Yreka Land Investment Opportunity

      18.5-acre parcel ideal for development or private estate.
      18 Acres Terrace Dr, Yreka, CA 96097
      View Details
    • $55,000

      Residential Lot with Mountain Views

      Half-acre lot ready for building with utilities in Yreka.
      808 Maryhill Circle, Yreka, CA 96097
      View Details
    • $49,500

      Yreka Land with Mountain Views

      Over half acre lot with Mt. Shasta views.
      813 Maryhill Circle, Yreka, CA 96097
      View Details
    • $79,000

      Yreka Land with USA Land Access

      127 acres near Yreka adjoining hundreds of acres of USA land.
      127 acres Road 45N28, Yreka, CA 96097
      View Details
    • $50,000

      Yreka Land with Approved Perc

      Four acre Yreka land parcel approved for two-bedroom dwelling.
      4 Acres end of Sturgis Rd, Yreka, CA 96097
      View Details
    • $440,000

      53.9 Acres Industrial Land, Yreka

      53.9-acre industrial parcel with M-2 zoning in Yreka, CA.
      1251-1323 N Foothill Rd, Yreka, CA 96097
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.6-acre commercial land with city water and a well.
    Where is this commercial land located?
    The property is located at 318 Payne Lane Yreka, CA.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Zoned commercial, offering diverse business opportunities.; Rare commercial investment opportunity.; 2.6 acre property within city limits.
    (530) 598-5967
    We can help!
    Listing Contact
    Stace Jankowski
    Stace Jankowski
    Real Estate License ID: 02003434
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    318 Payne Lane, Yreka, CA 96097
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!