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    Grenada Gardens Commercial Opportunity Title is generated by Realmo AI

    424 County Highway A12, Grenada, CA 96038

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    Claim this Listing
    For Sale
    $3,400,000

    COMMERCIAL - Grenada, CA

    Property size:
    30,000 SF
    Lot size:
    6.50 Acres
    Price / SF:
    $113/SF
    Added:
    Feb 21, 2025
    Days on Market:
    463
    Last Refresh:
    May 30 at 7:06 am

    Property Features for 424 County Highway A12

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Window features
    Bay Window(s)
    Fencing
    Chain Link
    Appliances
    Dishwasher, Dryer, Garbage Disposal, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    Size
    30,000 SF
    Lot size
    6.50 Acres

    Utilities

    Utilities
    Propane
    Heating system
    Propane (Heating)
    Cooling system
    Wall/Window Unit(s), Central Air

    Building Details

    Number of units
    56
    Flooring type
    Laminate, Vinyl
    Architectural style
    Other

    We can help!

    Listing Contact
    Chris Kutzkey
    Chris Kutzkey

    Listing agent Chris Kutzkey License #00498725

    Listing office John L Scott Siskiyou 300 S Broadway St, Yreka, CA

    Listing date Feb 21, 2025

    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.

    HighLights

    • Large 30,000 sq. ft. structure featuring a grand entry, dining facility, day spa, video center, offices, and updated commercial kitchen.
    • 6.5 acre property with approximately 5.5 acres available for development.
    • Prime location near I‑5 interchange, ideal for a full‑service travel center.
    • 28 of 56 rooms have been remodeled with electric heat/air and bathrooms.
    • Preliminary parcel map showing 4 parcels for further development.
    • Includes paved parking and existing utilities.

    Overview

    Grenada Gardens, a 30,000 square foot commercial property, is available for sale. Originally constructed in the early 1980s as a motel, restaurant, and lounge, the property has undergone several remodels. Most recently, it functioned as a senior care facility. Approximately two-thirds of the structure features a grand entry, a large dining facility, a day spa, a video center, offices, an updated commercial kitchen, and paved parking. Twenty-eight of the 56 rooms have been remodeled and used for senior occupants, each equipped with electric heat/air and bathrooms. The building occupies approximately 1 acre of the 6.5-acre property. The remaining acreage is suitable for mini storage, RV storage, and additional parking. Located near the I-5 interchange, the property presents an opportunity for a full-service travel center. Preliminary plans include a coffee/restaurant, beauty salon, and grocery store. The owner has a preliminary parcel map showing 4 parcels to provide for further development. The location is a popular pull-off for long-haul truckers who utilize the open parking areas near the fueling facility.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $432.0k $14.40
    − Vacancy −$28.1k −$0.94
    EGI $403.9k $13.46
    − OpEx −$121.2k −$4.04
    NOI $282.7k $9.42
    30,000 SF · lease $14.40/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $4.04M
    $3.53M – $4.71M (±1% cap)
    NOI $282,744 @ 7.0% cap · market cap 8.32%
    Second Best
    Apartment 5plus
    $3.51M
    $3.07M – $4.10M (±1% cap)
    NOI $245,817 @ 7.0% cap · market cap 7.23%
    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 local authorities.
    Location Intelligence

    Current Use by Public Records

    Motels

    Map

    City
    Grenada
    County
    Siskiyou
    State
    California
    Longitude
    -122.538
    Latitude
    41.6012

    FAQs

    What type of property is this?
    Senior housing / Retirement Home - Versatile 30,000 SF property near I-5 interchange.
    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: Large 30,000 sq. ft. structure featuring a grand entry, dining facility, day spa, video center, offices, and updated commercial kitchen.; 6.5 acre property with approximately 5.5 acres available for development.; Prime location near I‑5 interchange, ideal for a full‑service travel center.
    (530) 598-1941
    We can help!
    Listing Contact
    Chris Kutzkey
    Chris Kutzkey
    Real Estate License ID: 00498725
    Learn More
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    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
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