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    347 2nd Crescent City, CA 95531

    View on Map
    For Sale
    $898,000

    BUILDING AND LAND - Crescent City, CA

    Property size:
    8,830 SF
    Lot size:
    0.19 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    27
    Last Refresh:
    Apr 1 at 8:06 am

    Property Features for 347 2nd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    CW
    Interior features
    Carpet (S), Windows - Vinyl, See Remarks
    Exterior features
    See Remarks
    Standard status
    Active
    APN
    118-050-043
    Size
    8,830 SF
    Lot size
    0.19 Acres

    Utilities

    Heating system
    See Remarks (Heating)

    Building Details

    Year built
    2021
    Number of units
    2
    Building materials
    Other
    Roof type
    Other
    Architectural style
    Other
    Additional Structures
    See Remarks

    We can help!

    Listing Contact
    MARY MESSAL
    MARY MESSAL

    Listing agent MARY MESSAL License #1164730

    Listing office BAYSIDE REALTY 695 HWY. 101 SOUTH, Crescent City, CA

    Listing date Mar 5, 2026

    MLS# 250241 Listing URL

    Copyright © 2026 Del Norte 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.

    Overview

    Oceanview Warehouse with Loft Apartment

    This 8,800 square foot property in downtown Crescent City, California, features a finished warehouse space of approximately 5,400 square feet. The warehouse includes one bathroom and is plumbed for two additional bathrooms. A 1,800 square foot, one-bedroom loft-style apartment, constructed in 2021, is situated above the warehouse and offers views of the harbor, lighthouse, park, and other landmarks. Additionally, there is a 1,270 square foot game room upstairs. A freight elevator facilitates movement between the warehouse and the apartment. The property also includes a 330 square foot indoor garden room. A recreational trailer housed inside the warehouse provides guest quarters. The property is zoned commercial waterfront (CW) and is located steps from the Dog Park, Pump Track, Brewery, Beachfront Park, and Battery Point Lighthouse. The 0.19-acre lot is suitable for business, hobbies, storage, or creative endeavors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Creative space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Safe and Sound Self Storage — 1621 5th St, Crescent City, CA 95531

    Location Insight

    • Map
    • Local Demand
    City
    Crescent City
    County
    Del Norte
    State
    California
    Longitude
    -124.2011416
    Latitude
    41.7491741

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    FAQs

    What type of property is this?
    Warehouse - Downtown Crescent City warehouse with apartment and ocean views.
    Where is this warehouse located?
    The property is located at 347 2nd Crescent City, CA.
    What is the asking price?
    The asking price for this property is $898,000.
    What are key features of this property?
    This property features: 8800 sq ft downtown OCEANVIEW warehouse with a loft apartment.; Enjoy harbor and lighthouse views from the charming 1800 sq ft one‑bedroom loft apartment built in 2021.; Prime commercial waterfront (CW) zoning.
    (707) 951-1809
    We can help!
    Listing Contact
    MARY MESSAL
    MARY MESSAL
    Real Estate License ID: 1164730
    Learn More
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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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