Flexible Office
For Sale
$900,000
321 Payne Ln, Yreka, CA 96097
Open commercial layout on an approximately 2.9-acre property in Yreka.
Property Size6,000 SF
Lot Size2.90 Acres
Price / SF$150
Days on Market68
Property Features for 321 Payne Ln
General Information
Standard status
Active
Size
6,000 SF
Lot size
2.90 Acres
Property subtype
Residential Income
Listing Agency:
Coldwell Banker-Mtn Gate Properties
(530) 926-5236
Listed By:
Stace Jankowski · License #02003434
(530) 598-5967
Source:
Exprealty
Added: Jul 6
Changed: Sep 10
Last Checked: Sep 11 at 12:30PM
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 Coldwell Banker-Mtn Gate Properties
Investment Insights
Based on property information with market context.
This office building offers 6,000 square feet of interior space with a broad open-plan configuration. The layout can accommodate offices, retail, service businesses, or a combination of these uses, subject to applicable requirements.
The property encompasses approximately 2.9 acres at 321 Payne Ln in Yreka, California, providing a substantial site for a commercial office asset. Its adaptable interior supports a range of business configurations without being limited to a single use profile.
The property encompasses approximately 2.9 acres at 321 Payne Ln in Yreka, California, providing a substantial site for a commercial office asset. Its adaptable interior supports a range of business configurations without being limited to a single use profile.
Key Highlights
- 6,000‑square‑foot office building
- Approximately 2.9‑acre property
- Large open floor plan
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
$81,648
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
9.07%
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%
$1,632,960
$1.6M
Cap Rate 7%
$1,166,400
$1.2M
Cap Rate 9%
$907,200
$907.2K
Market Conditions
NOI Build-Up for 6,000 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
$129.6K $21.60/SF
− Vacancy
−$20.7K −$3.46/SF
EGI
$108.9K $18.14/SF
− OpEx
−$27.2K −$4.54/SF
NOI
$81.6K $13.61/SF
Area
Siskiyou County, CA
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,632,960
Cap Rate 7%
$1,166,400
Cap Rate 9%
$907,200
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,648 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.54M – $2.06M
NOI $123,552 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Explore this area
Business Placement
Demographics for 96097, CA
10,131
Population
4,737
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
91%
High-School Grad
181.7 sq mi
ZIP Area
56
Density / Sq Mi
$47,105
Median Household Income
$36,325
Median Earnings
$984
Median Rent
$256,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office 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?
Office building - Open commercial layout on an approximately 2.9-acre property in Yreka.
Where is this office building located?
The property is located at 321 Payne Ln Yreka, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 6,000‑square‑foot office building; Approximately 2.9‑acre property; Large open floor plan
