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    37047 Main St Burney, CA 96013

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    37047 Main St Burney, CA 96013

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    • Retail properties & Spaces
    • 2,725 SF
    • 2.06 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 37047 Main St

    Year built
    1992
    Lot size
    2.06 lot acres
    Property size
    2,725 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional investment opportunity presents a thriving gas station and convenience store in Burney, California. Situated on a spacious 2.06-acre lot at 37047 Main St, 96013, this property boasts a 2,725 square foot building constructed in 1992. The property enjoys 100% occupancy and features four gas pumps, supported by double-walled tanks. The zoning is commercial, allowing for potential expansion. Currently operating as a single-tenancy business, the property offers significant upside potential for an active owner-operator. The location on Highway 299 provides excellent visibility and accessibility, benefiting from proximity to popular recreational destinations such as Burney Falls and Lake Britton. The asking price is $2,500,000. The substantial lot size presents possibilities for future commercial development (buyer to verify permitted uses). This turnkey operation is a rare find in a desirable location, offering a strong return on investment. The APN is 028-180-075-000. This is a sale of both real property and the established business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Burney
    County
    Shasta
    State
    California
    Longitude
    -121.669
    Latitude
    40.8816

    Comparable in this City

    • Value Estimation by Request
      2,725 SF

      37047 State Hwy 299th E

      CONVENIENCE STORE (W/FUEL PUMP) • 2,725 SF
      37047 State Hwy 299th E, Burney, CA 96013-4214
      View Details
    • Value Estimation
      $5,725,000
      2.01 Acres

      37505 State Hwy 299th E

      GROCERY, SUPERMARKET • 2.01 Acres
      37505 State Hwy 299th E, Burney, CA 96013-4386
      View Details
    • Value Estimation by Request
      0.35 Acres

      37087 State Hwy 299th E

      GROCERY, SUPERMARKET • 0.35 Acres
      37087 State Hwy 299th E, Burney, CA 96013-4215
      View Details
    • Value Estimation by Request
      358 SF

      37303 State Hwy 299th E

      CONVENIENCE STORE (W/FUEL PUMP) • 358 SF
      37303 State Hwy 299th E, Burney, CA 96013-4371
      View Details
    • Value Estimation by Request
      1,440 SF

      38389 State Hwy 299th E

      CONVENIENCE STORE (W/FUEL PUMP) • 1,440 SF
      38389 State Hwy 299th E, Burney, CA 96013-9734
      View Details
    • Value Estimation by Request
      0.40 Acres

      21520 Sonoma St

      CONVENIENCE STORE (W/FUEL PUMP) • 0.40 Acres
      21520 Sonoma St, Burney, CA 96013-9752
      View Details

    Similar Nearby for Sale

    • $7,500,000
      20,000 SF

      Burney Retail Investment Opportunity

      Grocery Outlet, High-Traffic Location
      37505 State Highway 299 E, Burney, CA 96013
      View Details
    • Contact for pricing
      1,500 SF

      Highway Frontage Retail Opportunity

      1500 SF building with surplus land on Hwy 299.
      21520 Sonoma St, Burney, CA 96013
      View Details
    • $299,000
      2,990 SF

      Mixed-Use Property with Income Potential

      Mixed-use property featuring laundromat, apartment, and expansion possibilities.
      37146 Superior Ave, Burney, CA 96013
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    • $330,000
      4,786 SF

      Mixed-Use Building on Corner Lot

      Freestanding mixed-use building with residential unit on a corner lot.
      37087 Ca-299, Burney, CA 96013
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    • $325,000
      7,000 SF

      Burney Commercial Property For Sale

      Commercial property in Burney, California, formerly a lumber yard.
      37494 State Hwy 299E, Burney, CA 96013
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    37047 Main St
    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.

    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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