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    37152 Superior Ave Burney, CA 96013

    Sponsored
    For Sale
    $44,900

    ±0.464 Acres, Mixed-Use, Seller Financing

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional ±0.464-acre (20,190 square foot) commercial land parcel in Burney, California, presents a unique development opportunity. Located at 37152 Superior Ave, this property boasts convenient access to major highways CA-299 and CA-89, ensuring excellent regional connectivity. The lot features paved road frontage on both the north and south sides, providing ample access for development. An existing electric pole is situated at the street corner, simplifying utility connections. The land itself is level and elevated, offering beautiful views, including a seasonal creek. The southern portion is readily accessible via paved roads from Superior Avenue. The site is ready for development, with no prior structures, and the City confirms adequate water availability. A future development can easily tap into the existing power transformer. This infill location is surrounded by established businesses, including proximity to the Pit River Casino and the Public Health Department. The dimensions are approximately 215.69 feet wide by 119.05 feet deep. Seller financing is available with a 10% down payment. The property is zoned Mixed-Use Commercial (VMU), offering versatility for various commercial ventures. The APN is 028-190-012. This is a shovel-ready opportunity with excellent visibility and convenient access to amenities.

    Property Features for 37152 Superior Ave

    General Information

    Property type
    Land
    Lot Size
    20,212 SF

    HighLights

    • ±25,600 SF lot (215.69' x 119.05')
    • Fully fenced lot, elevated above street grade
    • Paved road frontage on north and south sides
    • Infill site surrounded by established businesses
    • Excellent access to CA‑299 freeway
    • Convenient freeway access and numerous nearby amenities
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Burney
    County
    Shasta
    State
    California
    Longitude
    -121.6650292
    Latitude
    40.883521

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    FAQs

    What type of property is this?
    Land - ±0.464 Acres, Mixed-Use, Seller Financing
    Where is this land located?
    The property is located at 37152 Superior Ave Burney, CA.
    What is the asking price?
    The asking price for this property is $44,900.
    What are key features of this property?
    This property features: ±25,600 SF lot (215.69' x 119.05'); Fully fenced lot, elevated above street grade; Paved road frontage on north and south sides
    (559) 705-1000
    Request Owner's contact information
    37152 Superior Ave Burney, CA 96013
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    Burney, CA 96013
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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.

    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
    37152 Superior Ave Burney, CA 96013
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