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    Property profile & analytics

    323 Main St Chester, CA 96020

    • Retail space
    • 1,976 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3721954
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 323 Main St

    Lot size
    0.13 lot acres
    Property size
    1,976 SF
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    100-121-025

    Description

    This 1,976 square foot storefront in Chester, CA, is ideally situated on Main Street (Highway 36) and Martin Way, benefiting from high foot and road traffic. The property, priced at $185,000 ($93.62/sq ft), features convenient access from both streets, including two 7' roll-up doors at the rear and an 8' roll-up door connecting the back to the front. The building boasts storefront windows with a double entry door facing Main Street, plus additional double doors for loading/unloading on the side. Climate control is ensured with a Rezno overhead heater (approx. 2016 installation), attic fan, evaporative wall unit, and ceiling fans. Half the metal roof was replaced around 2015. A concrete pad at the rear offers outdoor workspace or expansion potential. Ample parking is available both front and back. The property sits on a 0.13-acre lot (APN 100-121-025) and is zoned for general commercial use, allowing for diverse business applications, including potential partitioning for multiple tenants. This is a turn-key opportunity in a thriving community near Lake Almanor. The single-story building is situated amongst established businesses, making it an excellent location for a new venture or an existing business seeking expansion.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Plumas
    State
    California
    Longitude
    -121.23272356592
    Latitude
    40.305470477458

    Comparable in this City

    • Contact for pricing

      Established Bookstore and Gift Store

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      Downtown Chester Multi-Use Building

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      Established Tire Shop on Main

      Operating tire shop with real estate and equipment for sale.
      295 Main St, Chester, CA 96020
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    • $200,000
      0.49 Acres

      Commercial Land in Downtown Chester

      Commercial parcel in Chester, near Lake Almanor, suitable for development.
      233 Main St, Chester, CA 96020
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    • $500,000
      Pending

      Residential Lot with Mountain Views

      Residential lot with utilities, septic, and mountain views.
      113 Lake Almanor West Dr, Chester, CA 96020
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    Similar Nearby for Sale

    • Contact for pricing

      Established Bookstore and Gift Store

      Charming bookstore and gift shop in Chester, CA for sale.
      278 Main St, Chester, CA 96020
      View Details
    • $675,000
      4,208 SF

      Iconic Commercial Building on Main

      Well-maintained commercial building with high-visibility frontage in Chester, CA.
      220 Main St, Chester, CA 96020
      View Details
    • $389,000
      2,016 SF

      Downtown Chester Multi-Use Building

      Commercial parcel with development potential in downtown Chester.
      356 Main St, Chester, CA 96020
      View Details
    • $649,000
      10,000 SF

      Established Tire Shop on Main

      Operating tire shop with real estate and equipment for sale.
      295 Main St, Chester, CA 96020
      View Details
    • $200,000
      0.49 Acres

      Commercial Land in Downtown Chester

      Commercial parcel in Chester, near Lake Almanor, suitable for development.
      233 Main St, Chester, CA 96020
      View Details
    • $500,000
      Pending

      Residential Lot with Mountain Views

      Residential lot with utilities, septic, and mountain views.
      113 Lake Almanor West Dr, Chester, CA 96020
      View Details
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    323 Main St
    Chester, CA 96020
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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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