Historic Brewery and Event
For Sale
$998,000
360 College Avenue, Weed, CA 96094
Two-building facility with multiple loading doors, patios, and event-ready features near major highway access.
Property Size14,000 SF
Lot Size2.10 Acres
Price / SF$63.16
Days on Market81
Property Features for 360 College Avenue
General Information
Standard status
Active
Size
14,000 SF
Total Parking Spaces
75
Lot size
2.10 Acres
Zoning
R3 PD
Warehouse & Industrial
Dock-High Doors
3
Drive-In Doors
20
Heavy Power
Yes
Additional Details
Highway Access
Yes
Grease Trap
Yes
Amenities
Propane
Partial
Building Details
Building Size
14,000 SF
Year Built
1952
Buildings
2
Stories
2
Listing Agency:
Mt. Shasta Realty Inc.
(530) 918-4880
Listed By:
Sherry Anderson · License #00968455
(530) 918-4880
Source:
Evrealestate
Added: Jun 5
Changed: Aug 23
Last Checked: Aug 24 at 4:20AM
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 Mt. Shasta Realty Inc.
Investment Insights
Based on property information with market context.
This historic two-building property in Weed is configured to support food service, beverage operations, and events, with substantial back-of-house and operational infrastructure. Building A includes a bistro area, brick floor atrium, partial second floor, and an L-shaped patio with views of Mt. Shasta. It also features five restrooms, ADA infrastructure and exterior ramp accessibility, three loading dock areas, and 17 roll-up doors for efficient receiving and service. Building A additionally includes offices, secure storage areas, 3-phase power service, and a 13 X 32 solid diamond plate steel mezzanine, along with piped mountain spring water described as 2" and 60 lb. pressure. Building B (about 1,800 SF) provides three roll-up doors, an office and restroom, and a concrete-lined grease pit.
The property is located on two parcels totaling about 2.1 acres and zoned for multiple uses. Access is described as easy to Interstate 5 and Hwy 97, supporting flexible customer and logistics flow for a wide range of concepts.
While the property has most recently operated as a bistro/brewery, the physical layout and equipment-ready components—including the loading capacity, restrooms, patio space, and operational support areas—may support other restaurant, brew, or event-focused uses. Prior use as a Harvest Host location indicates the site has been used for overnight stays, and the acreage and paved parking lot can support accommodating guests and visitors.
The property is located on two parcels totaling about 2.1 acres and zoned for multiple uses. Access is described as easy to Interstate 5 and Hwy 97, supporting flexible customer and logistics flow for a wide range of concepts.
While the property has most recently operated as a bistro/brewery, the physical layout and equipment-ready components—including the loading capacity, restrooms, patio space, and operational support areas—may support other restaurant, brew, or event-focused uses. Prior use as a Harvest Host location indicates the site has been used for overnight stays, and the acreage and paved parking lot can support accommodating guests and visitors.
Key Highlights
- Two‑building facility on 2.1 acres in Weed, CA, totaling approximately 15,800 SF plus a 60,000+ SF paved parking lot
- Building A features bistro area, brick floor atrium, partial 2nd floor with maple wood dance floor, and an L‑shaped patio with Mt. Shasta views
- Building A includes ADA infrastructure with exterior ramp accessibility, 5 restrooms, and 3 loading dock areas
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
$86,799
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
8.70%
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%
$1,735,980
$1.7M
Cap Rate 7%
$1,239,986
$1.2M
Cap Rate 9%
$964,433
$964.4K
Market Conditions
NOI Build-Up for 15,800 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
$142.2K $9.00/SF
− Vacancy
−$18.2K −$1.15/SF
EGI
$124.0K $7.85/SF
− OpEx
−$37.2K −$2.35/SF
NOI
$86.8K $5.49/SF
Area
Siskiyou County, CA
Vacancy
12.80%
Lease Rate
$9.00 /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%
$1,735,980
Cap Rate 7%
$1,239,986
Cap Rate 9%
$964,433
Alternative Uses
Best Use
Specialty Retail
$2.77M
$2.43M – $3.24M
NOI $194,231 @ 7.0% cap · market cap 19.46%
Second Best
Industrial
$1.24M
$1.08M – $1.45M
NOI $86,799 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$4.65M
$4.07M – $5.42M
NOI $325,354 @ 7.0% cap · market cap 32.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Dock-high doors
20
Drive-in doors
Yes
Heavy power
Yes
Highway access
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 96094, CA
6,908
Population
3,233
Households
2.1
Avg Household Size
47
Median Age
24%
College-Educated
91%
High-School Grad
200.4 sq mi
ZIP Area
34
Density / Sq Mi
$65,139
Median Household Income
$32,836
Median Earnings
$951
Median Rent
$298,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Brewery - Two-building facility with multiple loading doors, patios, and event-ready features near major highway access.
Where is this brewery located?
The property is located at 360 College Avenue Weed, CA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Two‑building facility on 2.1 acres in Weed, CA, totaling approximately 15,800 SF plus a 60,000+ SF paved parking lot; Building A features bistro area, brick floor atrium, partial 2nd floor with maple wood dance floor, and an L‑shaped patio with Mt. Shasta views; Building A includes ADA infrastructure with exterior ramp accessibility, 5 restrooms, and 3 loading dock areas
