Building Details

Additional Structures Outbuilding

Listing Agency: Donna Kalayjian, Broker d***@sisqrealtor.com

Listed By: Donna Kalayjian · License #02002745 Show Phone

Added: Feb 5, 2025 Changed: Sep 3 Last Checked: Oct 16 at 7:06AM

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MLS# 20250119

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 unfinished two-story flex structure sits on 2.3 acres and provides 1,388 square feet, including two carports with decks above. The lower level has an open floor plan, while the ground floor is finished with a poured monolithic concrete slab. Surface-mounted sliding doors lead to a 12-foot-wide by 9-foot-high drive-through opening.

Two drive-through carports measure 10 feet high and more than 14 feet wide, accommodating an RV. The first level includes concrete-board siding, brick, metal roofing, gutters, and road base extending 10 to 40 feet around the building. The property has views of Mt. Shasta, Sheep Rock, and the surrounding high desert. Well and septic systems are needed.

Key Highlights

• 2.3‑acre property with an unfinished 1,388‑square‑foot two‑story structure
• Two drive‑through carports are 10‑feet high and 14+ feet wide
• 12‑foot‑wide by 9‑foot‑high drive‑through opening

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,417

Cap Rate

7.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$268,340 $268.3K

Cap Rate 7%

$191,671 $191.7K

Cap Rate 9%

$149,078 $149.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,388 SF

Gross rent

$22.5K $16.20/SF

− Vacancy

−$1.8K −$1.33/SF

EGI

$20.6K $14.87/SF

− OpEx

−$7.2K −$5.21/SF

NOI

$13.4K $9.67/SF

Area

Siskiyou County, CA

Vacancy

8.20%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$268,340

Cap Rate 7%

$191,671

Cap Rate 9%

$149,078

Alternative Uses

Best Use

Flex RnD

$191.7K

$167.7K – $223.6K (±1% cap)

NOI $13,417 @ 7.0% cap · market cap 7.25%

Second Best

Industrial

$108.9K

$95.3K – $127.1K (±1% cap)

NOI $7,625 @ 7.0% cap · market cap 4.12%

Theoretical Best

Office A

$408.3K

$357.3K – $476.4K (±1% cap)

NOI $28,582 @ 7.0% cap · market cap 15.45%

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

Property Analytics

Current Use

Flex space

Location Intelligence

Demographics for 96064, CA

4,387

Population

2,122

Households

2.1

Avg Household Size

49

Median Age

17%

College-Educated

91%

High-School Grad

487.0 sq mi

ZIP Area

9

Density / Sq Mi

$59,602

Median Household Income

$35,111

Median Earnings

$907

Median Rent

$247,400

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Unfinished multi-use structure with drive-through access and views toward Mt. Shasta.

Where is this flex space located?

The property is located at Richard Rd lot 8 Montague, CA.

What is the asking price?

The asking price for this property is $185,000.

What are key features of this property?

This property features: 2.3‑acre property with an unfinished 1,388‑square‑foot two‑story structure; Two drive‑through carports are 10‑feet high and 14+ feet wide; 12‑foot‑wide by 9‑foot‑high drive‑through opening