19-Unit Mixed-Use
For Sale
$1,100,000
1055 Main Street, Fortuna, CA 95540
Commercial Sale, Fortuna, CA
Property Size9,462 SF
Lot Size0.15 Acres
Price / SF$116.25
Days on Market126
Property Features for 1055 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
Corner of Main & 11th Street
Subdivision
Mid County
Standard status
Active
Size
9,462 SF
Lot size
0.15 Acres
Building Details
Floors in Building
2
Flooring type
Carpet
Building materials
Wood Siding
Listing Agency:
Coldwell Banker Cutten Realty · Coldwell Banker Real Estate
(707) 445-8811
Listed By:
Tina Christensen · License #00476701
(707) 445-8811
Added: Apr 30
Changed: Aug 19
Last Checked: Sep 2 at 3:06AM
MLS# 272180
Copyright © 2026 Humboldt 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.
Investment Insights
Based on property information with market context.
This mixed-use property contains 19 total units across residential and commercial spaces, with 14 currently occupied and 5 vacant. The improvements comprise 9,462 square feet on a 0.15-acre site and feature wood siding and carpeted flooring. Commercial zoning supports the property’s combined residential and commercial configuration.
The property occupies the corner of Main Street and 11th in Fortuna, providing street exposure within a central commercial setting. Its location places the building near local businesses and amenities, while the existing unit mix accommodates both residential and commercial occupancy within one asset.
The property occupies the corner of Main Street and 11th in Fortuna, providing street exposure within a central commercial setting. Its location places the building near local businesses and amenities, while the existing unit mix accommodates both residential and commercial occupancy within one asset.
Key Highlights
- 19 total units, including 14 occupied and 5 vacant
- 9,462 square feet of improvements on a 0.15‑acre site
- Mixed residential and commercial unit configuration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$95,803
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,916,060
$1.9M
Cap Rate 7%
$1,368,614
$1.4M
Cap Rate 9%
$1,064,478
$1.1M
Market Conditions
NOI Build-Up for 9,462 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$170.3K $18.00/SF
− Vacancy
−$17.0K −$1.80/SF
EGI
$153.3K $16.20/SF
− OpEx
−$57.5K −$6.07/SF
NOI
$95.8K $10.13/SF
Area
Humboldt County, CA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,916,060
Cap Rate 7%
$1,368,614
Cap Rate 9%
$1,064,478
Alternative Uses
Best Use
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,671 @ 7.0% cap · market cap 10.24%
Second Best
Mixed Use
$1.37M
$1.20M – $1.60M
NOI $95,803 @ 7.0% cap · market cap 8.71%
Theoretical Best
Flex RnD
$3.57M
$3.13M – $4.17M
NOI $250,128 @ 7.0% cap · market cap 22.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Explore this area
Business Placement
Demographics for 95540, CA
14,055
Population
6,087
Households
2.3
Avg Household Size
40
Median Age
24%
College-Educated
88%
High-School Grad
34.1 sq mi
ZIP Area
412
Density / Sq Mi
$62,346
Median Household Income
$37,309
Median Earnings
$1,135
Median Rent
$362,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial-zoned property combining residential and commercial spaces on a prominent corner in Fortuna.
Where is this mixed-use property located?
The property is located at 1055 Main Street Fortuna, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 19 total units, including 14 occupied and 5 vacant; 9,462 square feet of improvements on a 0.15‑acre site; Mixed residential and commercial unit configuration
