Highway-Front Auto
For Sale
$990,000
1314 Broadway Street, Eureka, CA 95501
COMMERCIAL - Eureka, CA
Property Size2,348 SF
Lot Size0.35 Acres
Price / SF$421.64
Days on Market140
Property Features for 1314 Broadway Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
18
Directions
corner of Broadway (hwy 101) and Cedar Street in Eureka
Subdivision
South Bay
Standard status
Active
Size
2,348 SF
Lot size
0.35 Acres
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Membrane
Listing Agency:
Ming Tree, Inc.
(707) 445-4500
Listed By:
Larry O. Doss · License #01196417
(707) 599-3332
Added: Apr 14
Changed: Aug 4
Last Checked: Aug 31 at 10:06AM
MLS# 272022
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 2,348-square-foot auto shop property occupies two parcels and is zoned Commercial. The building has concrete flooring and a membrane roof, providing a straightforward commercial structure for automotive operations or related business use.
The property presents 125 feet of frontage along Highway 101, along with an additional 119.5 feet of side-street frontage on Cedar Street. An existing billboard lease is included with the property, adding an established advertising component to the site. The parcel area totals 0.35 acres in Eureka, California.
The property presents 125 feet of frontage along Highway 101, along with an additional 119.5 feet of side-street frontage on Cedar Street. An existing billboard lease is included with the property, adding an established advertising component to the site. The parcel area totals 0.35 acres in Eureka, California.
Key Highlights
- 2,348 square feet of auto shop space
- 125 feet of Highway 101 frontage
- Additional 119.5 feet of frontage on Cedar Street
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
$54,844
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
5.54%
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%
$1,096,880
$1.1M
Cap Rate 7%
$783,486
$783.5K
Cap Rate 9%
$609,378
$609.4K
Market Conditions
NOI Build-Up for 2,348 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
$87.3K $37.20/SF
− Vacancy
−$9.0K −$3.83/SF
EGI
$78.3K $33.37/SF
− OpEx
−$23.5K −$10.01/SF
NOI
$54.8K $23.36/SF
Area
Humboldt County, CA
Vacancy
10.30%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,096,880
Cap Rate 7%
$783,486
Cap Rate 9%
$609,378
Alternative Uses
Best Use
Retail
$783.5K
$685.6K – $914.1K
NOI $54,844 @ 7.0% cap · market cap 5.54%
Second Best
Industrial
$195.7K
$171.2K – $228.3K
NOI $13,698 @ 7.0% cap · market cap 1.38%
Theoretical Best
Flex RnD
$886.7K
$775.9K – $1.03M
NOI $62,069 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
998
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Best Western Plus Humboldt Bay Inn
Hotels & Casinos
4,022 visits/mo
0.5 miles
Demographics for 95501, CA
23,323
Population
10,577
Households
2.2
Avg Household Size
38
Median Age
34%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
3,195
Density / Sq Mi
$55,076
Median Household Income
$34,476
Median Earnings
$1,151
Median Rent
$389,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Commercially zoned shop property with concrete flooring, highway exposure, and an existing billboard lease.
Where is this auto shop located?
The property is located at 1314 Broadway Street Eureka, CA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 2,348 square feet of auto shop space; 125 feet of Highway 101 frontage; Additional 119.5 feet of frontage on Cedar Street
