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    The Largest CRE Database in the US with Over 1 Million Listings

    347 2Nd St Crescent City, CA 95531

    Sponsored
    For Sale
    $898,000

    BUILDING AND LAND - Crescent City, CA

    Property size:
    8,830 SF
    Lot size:
    0.19 Acres
    Days on Market:
    80
    Last Refresh:
    Feb 19 at 6:06 pm

    Property Features for 347 2Nd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CW
    APN
    118-050-043
    Interior features
    Carpet (S), Windows - Vinyl, See Remarks
    Exterior features
    See Remarks
    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

    Mimi Louise Stephens (707) 464-9585

    Listing agent MARY MESSAL (707) 464-9585 License #1164730

    Listing date Dec 2, 2025

    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.

    Learn more

    Property Insight Report

    Overview

    Oceanview Warehouse with Loft Apartment

    This 8800 square foot property is located in downtown Crescent City, offering ocean views and convenient access to the Dog Park, Pump Track, Brewery, Beachfront Park, and Battery Point Lighthouse. The property includes a finished warehouse space of approximately 5400 square feet, featuring one bathroom and plumbing for two additional bathrooms. The warehouse is suitable for business, hobbies, storage, or creative projects. Built in 2021, a charming loft-style 1800 sq' one-bedroom apartment is situated above the warehouse, providing views of the harbor, lighthouse, park, and 4th of July fireworks. Additionally, there is a 1270 sq' game room upstairs. The property has prime commercial waterfront (CW) zoning. A freight elevator facilitates movement between the warehouse and the apartment. A 330 sq' indoor garden room offers space for year-round cultivation. The property also features unique guest quarters: a recreational trailer housed inside the warehouse.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    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

    Storwell Storage, Redwood Coast Storage, Secure Space RV, Boat & Mini Storage, Safe and Sound Self Storage

    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 loft apartment and ocean views.
    Where is this warehouse located?
    The property is located at 347 2Nd St 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 1800 sq ft loft apartment built in 2021.; - Prime commercial waterfront (CW) zoning.; - Finished warehouse (approx. 5400 sq ft) plumbed for 3 bathrooms.
    (707) 951-1809
    Request Owner's contact information
    347 2Nd St Crescent City, CA 95531
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    Crescent City, CA 95531
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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
    347 2Nd St Crescent City, CA 95531
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    We can help!
    Listing Contact
    MARY MESSAL
    MARY MESSAL
    Real Estate License ID: 1164730
    (707) 951-1809 (707) 464-9585
    Learn more
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