Building Details

Number of units 56

Flooring type Laminate, Vinyl

Building materials WoodSiding

Listing Agency: John L Scott Siskiyou · John L. Scott c***@johnlscott.com Show Phone

Listed By: Chris Kutzkey · License #00498725 Show Phone

Added: Feb 21, 2025 Changed: Oct 20 Last Checked: Oct 25 at 4:06AM

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MLS# 20250149

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.

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Investment Insights

Based on property information with market context.

This senior housing property includes a 30,000-square-foot building with 56 rooms, 28 of which have been remodeled for senior occupants. The improvements include a grand entrance, substantial dining area, day spa, video center, offices, and an updated commercial kitchen. Improved rooms include private bathrooms, electric heating and air conditioning, and a combination of laminate and vinyl flooring. The building has also accommodated motel, restaurant, and lounge uses over time.

The structure occupies approximately 1 acre within the 6.5-acre property. Paved parking, a propane tank, public water, and public sewer are in place. The site is near the I-5 interchange and includes open areas that have been used for parking. A preliminary parcel map identifies 4 proposed parcels, while the balance of the property provides additional land beyond the existing building footprint.

Key Highlights

• 30,000‑square‑foot building on a 6.5‑acre property
• 56 rooms, including 28 remodeled rooms used for senior occupants
• Grand entry, dining facility, day spa, video center, offices, and updated commercial kitchen

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$245,817

Cap Rate

7.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,916,340 $4.9M

Cap Rate 7%

$3,511,671 $3.5M

Cap Rate 9%

$2,731,300 $2.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 30,000 SF

Gross rent

$468.0K $15.60/SF

− Vacancy

−$21.1K −$0.70/SF

EGI

$446.9K $14.90/SF

− OpEx

−$201.1K −$6.70/SF

NOI

$245.8K $8.19/SF

Area

Siskiyou County, CA

Vacancy

4.50%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,916,340

Cap Rate 7%

$3,511,671

Cap Rate 9%

$2,731,300

Alternative Uses

Best Use

Apartment 5plus

$3.51M

$3.07M – $4.10M (±1% cap)

NOI $245,817 @ 7.0% cap · market cap 7.23%

Second Best

Hotel Hospitality

$2.31M

$2.02M – $2.69M (±1% cap)

NOI $161,381 @ 7.0% cap · market cap 4.75%

Theoretical Best

Office A

$8.83M

$7.72M – $10.30M (±1% cap)

NOI $617,760 @ 7.0% cap · market cap 18.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Motels

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

23

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 96038, CA

586

Population

254

Households

2.3

Avg Household Size

46

Median Age

20%

College-Educated

95%

High-School Grad

18.3 sq mi

ZIP Area

32

Density / Sq Mi

$58,787

Median Household Income

$25,677

Median Earnings

$941

Median Rent

$329,300

Median Home Value

Frequently Asked Questions

What type of property is this?

Senior housing / Retirement Home - Existing improvements include resident rooms, dining, wellness, office, and food-service areas on a large commercial site.

Where is this senior housing / retirement home located?

The property is located at 424 County Highway A12 Grenada, CA.

What is the asking price?

The asking price for this property is $3,400,000.

What are key features of this property?

This property features: 30,000‑square‑foot building on a 6.5‑acre property; 56 rooms, including 28 remodeled rooms used for senior occupants; Grand entry, dining facility, day spa, video center, offices, and updated commercial kitchen