Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    73741 Ca-70 Portola, CA 96122

    Sponsored
    For Sale
    $359,000

    7.73 Acres, Highway Frontage, Endless Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    This exceptional 7.73-acre commercial parcel presents a unique investment opportunity in Portola, California. Strategically located directly on Highway 70, this property boasts unparalleled visibility and accessibility, making it ideal for a wide range of commercial ventures. The land is zoned for commercial use, offering flexibility for development. The asking price is $359,000, translating to a land value of $46,442.43 per square foot. The property features paved access and a waterfront pond, adding to its appeal and potential value. With its convenient location just 60 miles from Reno, Nevada, this site offers easy access to a larger regional market. The property's APN is 125-030-028, and ownership is held by Delleker LLC. This is a rare chance to acquire a significant commercial land holding in a desirable location with high growth potential. The property's size and highway frontage provide ample space for development, while the proximity to Reno enhances its market appeal. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

    Property Features for 73741 Ca-70

    General Information

    Property type
    Land
    Lot Size
    336,719 SF

    We can help!

    Listing Contact
    Larry Smith
    Larry Smith

    Learn more

    HighLights

    • Paved access road.
    • Waterfront property with pond.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Portola
    County
    Plumas
    State
    California
    Longitude
    -120.5020388
    Latitude
    39.806694

    Nearby Similar for Sale

    • $200,000
      1,920 SF

      Historic Bank Club in Portola

      Established bar with licenses, parking, and historic charm.
      190 Commercial St, Portola, CA 96122
      View Details
    • $325,000

      Portola Multi-Use Building For Sale

      Multi-use property with restaurant and residential opportunity in Portola, CA.
      117 W Sierra Portola Ave, Portola, CA 96122
      View Details
    • $245,000
      0.74 Acres

      Versatile Mixed-Use Property in Portola

      Multi-use building with residential and commercial potential in Old Town.
      180 Pacific St, Portola, CA 96122
      View Details
    • $699,000
      4,932 SF

      Multi-Tenant Building in Portola, CA

      4,932 SF multi-tenant building with long-term tenants.
      257 E Sierra Ave, Portola, CA 96122
      View Details
    • $115,000
      900 SF

      189 Commercial St, Portola, CA 96122

      Retail properties • 900 SF
      189 Commercial St, Portola, CA 96122
      View Details

    FAQs

    What type of property is this?
    Land - 7.73 Acres, Highway Frontage, Endless Potential
    Where is this land located?
    The property is located at 73741 Ca-70 Portola, CA.
    What is the asking price?
    The asking price for this property is $359,000.
    What are key features of this property?
    This property features: Paved access road.; Waterfront property with pond.;
    Request Owner's contact information
    73741 Ca-70 Portola, CA 96122
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    73741 Ca-70
    Portola, CA 96122
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    73741 Ca-70 Portola, CA 96122
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Larry Smith
    Larry Smith
    Real Estate License ID: CA 00551162
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.