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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9345 Skycrest Way Palo Cedro, CA 96073

    • Retail properties
    • 2,400 SF
    For Sale
    View listing
    $7,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / Gift Shop / Boutique
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Corporate Campus / Wholesaler
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 9345 Skycrest Way

    Property size
    2,400 SF
    Property type
    Retail properties
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional investment opportunity presents two thriving gas stations and convenience stores in Palo Cedro, California, offered as a single package for $7,000,000. The portfolio comprises two strategically located properties totaling approximately 2,400 square feet on combined lots exceeding 1.88 acres. Site #1, known as Palo Cedro Comets, boasts a recently constructed car wash, a Krispy Krunchy Chicken franchise, and a valuable ABC Type 21 liquor license. This location shows strong performance with approximately $100,000 in monthly inside sales and 65,000 gallons of monthly fuel sales, generating a gross profit of $1,258,122 in 2023. Site #2, the Factory Outlet Shell, is situated near I-5 outlets, also featuring a car wash and achieving impressive results with roughly $39,000 in monthly inside sales and 26,000 gallons of monthly fuel sales, resulting in a 2023 gross profit of $410,683. Both sites are meticulously maintained, featuring double-walled tanks, and benefit from 100% occupancy. This package deal presents a significant opportunity for an investor or owner-operator seeking substantial returns and considerable upside potential. The combined 2023 gross profit exceeded $1.6 million. All information is provided by the seller

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Palo Cedro
    County
    Shasta
    State
    California
    Longitude
    -122.238
    Latitude
    40.5593

    Comparable in this City

    • Value Estimation
      $855,000
      89,471 SF

      9340 Deschutes Rd

      GROCERY, SUPERMARKET • 89,471 SF
      9340 Deschutes Rd, Palo Cedro, CA 96073-9763
      View Details
    • Value Estimation
      $445,000
      1.00 Acre

      9345 Skycrest Way

      CONVENIENCE STORE (W/FUEL PUMP) • 1.00 Acre
      9345 Skycrest Way, Palo Cedro, CA 96073
      View Details
    • Value Estimation
      $235,000
      2,356 SF

      9157 Deschutes Rd, Unit A

      CONVENIENCE STORE (W/FUEL PUMP) • 2,356 SF
      9157 Deschutes Rd, Palo Cedro, CA 96073-8714
      View Details
    • Value Estimation
      $345,000
      0.33 Acres

      9192 Deschutes Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 0.33 Acres
      9192 Deschutes Rd, Palo Cedro, CA 96073-8716
      View Details
    • Value Estimation by Request
      100,000 SF

      9326 Deschutes Rd

      Medical space • 100,000 SF
      9326 Deschutes Rd, Palo Cedro, CA 96073
      View Details
    • Value Estimation
      $240,000
      7,500 SF

      9090 Deschutes Rd

      AUTO REPAIR, GARAGE • 7,500 SF
      9090 Deschutes Rd, Palo Cedro, CA 96073-8712
      View Details

    Similar Nearby for Sale

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      Palo Cedro Gas Station Duo

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    Palo Cedro, CA 96073
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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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