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    12748 Gas Point Rd Igo, CA 96047

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    12748 Gas Point Rd Igo, CA 96047

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    • Land
    For Sale
    $119,000
    View Listing →
    Shovel Ready Land Parcel For Sale
    $119,000
    20.00 Acres

    Shovel Ready Land Parcel

    20 acre level land parcel with well near I-5.

    12748 Gas Point Rd, Igo, CA 96047
    View Listing
    Property ID
    US09-0556250
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 12748 Gas Point Rd

    Property type
    Land

    Description

    Level and rectangular ±871,200 SF (±20 Acres) of shovel ready land located within the Igo, CA community very close to I-5 between Centerville & Cottonwood. Property measures ±765' Wide By 1,138' Deep, is mostly level in a long elevated area with good soil, and is accessible via paved roads entering from Gas Point Rd & Dale Ln. Has an existing, permitted, operational well (from Shasta Drilling) completed in 2013 about 300’ north of Coal Pit Rd and 900’ off the Eastern parcel line (map/location available). Very close to Whiskeytown Lake, paved road access, long level area where former structures were present, electric nearby, and offers amazing views. Country property with spectacular views situated on top of a knoll. Beautiful breathtaking views looking over the area of Mount Shasta & surrounding Mountains that radiates peace & tranquility. The peaceful sound of nature, beautiful wildlife & privacy for miles. The zoning is very flexible and allows for a variety of residential, agricultural, and other uses; mobile home, trailer, manufactured or permeant construction. The property has quick access to both Highway’s I-5 & CA-299, which allows for convenient access to all the major highways in the area. Seller-Financing is available with only 10% down!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Igo
    County
    Shasta
    State
    California
    Longitude
    -122.5309
    Latitude
    40.453938

    Comparable in this City

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      Igo, CA Land For Sale

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    • $72,450

      Land For Sale in Igo

      Land available in Shasta County, California.
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    • $67,500
      20.00 Acres

      20 Acres with Mountain Views

      Off-grid land with mountain views in Igo, California.
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    • $59,000
      80.00 Acres

      Open Land with Stunning Views

      80 acres of land suitable for livestock and agriculture.
      North Trl Gulch Rd, Igo, CA 96047
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    • New
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      Pending

      40-Acre Mountain Retreat in Igo

      Secluded 40-acre mountain property with outbuilding, perfect for recreation.
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    • $55,000
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      40 Acres in Trinity Alps

      40-acre parcel with views, suitable for off-grid living.
      170 Fiddlers Rd, Ono, CA 96047
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    Similar Nearby for Sale

    • $50,000
      40.00 Acres

      Igo, CA Land For Sale

      40 acre land parcel with creek and abundant wildlife.
      Cottonwood Crk Rd, Igo, CA 96047
      View Details
    • $72,450

      Land For Sale in Igo

      Land available in Shasta County, California.
      17895 Duck Canyon Rd, Igo, CA 96047
      View Details
    • $67,500
      20.00 Acres

      20 Acres with Mountain Views

      Off-grid land with mountain views in Igo, California.
      Lower Coal Pit Dr, Igo, CA 96047
      View Details
    • $59,000
      80.00 Acres

      Open Land with Stunning Views

      80 acres of land suitable for livestock and agriculture.
      North Trl Gulch Rd, Igo, CA 96047
      View Details
    • New
      $79,900
      Pending

      40-Acre Mountain Retreat in Igo

      Secluded 40-acre mountain property with outbuilding, perfect for recreation.
      Choctaw, Igo, CA 96047
      View Details
    • $55,000
      40.00 Acres

      40 Acres in Trinity Alps

      40-acre parcel with views, suitable for off-grid living.
      170 Fiddlers Rd, Ono, CA 96047
      View Details
    View Listing
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    Igo, CA 96047
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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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