Flex/Industrial Workshop
For Sale
$180,000
3883 Rohnerville Road, Fortuna, CA 95540
COMMERCIAL - Fortuna, CA
Property Size2,773 SF
Lot Size0.18 Acres
Price / SF$64.91
Days on Market411
Property Features for 3883 Rohnerville Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
3
Parking features
Garage
Security features
Security System
Interior features
Security System
Subdivision
Mid County
Standard status
Active
Size
2,773 SF
Lot size
0.18 Acres
Utilities
Cooling system
Central Air
Building Details
Flooring type
Tile, Laminate, Carpet, Vinyl
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
EXP Realty of California, Inc.
(888) 584-9427
Listed By:
Nicole Mayer · License #02188313
(707) 498-5008
Added: Jun 28, 2025
Changed: Aug 4
Last Checked: Aug 12 at 5:06PM
MLS# 269965
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 for-sale flex/industrial property is approximately 2,773 square feet and was previously operated as a refrigeration and HVAC business. The interior layout includes shop space, a reception area, office space, and ample storage, providing room for hands-on work alongside administrative needs.
The property is located at 3883 Rohnerville Road in Fortuna, California. It is described as being in a high-traffic location with strong visibility and accessibility, and it is zoned Commercial (C-T).
The building is equipped with 3-phase 200 amp power, supporting operations that require dependable electrical service. With its combination of shop, customer-facing reception, office space, and storage, the site is positioned to serve a range of contractor and service-oriented uses.
The property is located at 3883 Rohnerville Road in Fortuna, California. It is described as being in a high-traffic location with strong visibility and accessibility, and it is zoned Commercial (C-T).
The building is equipped with 3-phase 200 amp power, supporting operations that require dependable electrical service. With its combination of shop, customer-facing reception, office space, and storage, the site is positioned to serve a range of contractor and service-oriented uses.
Key Highlights
- 2,773 SF commercial building with shop space, reception area, office space, and ample storage
- Previously operated as a refrigeration and HVAC business
- 3‑phase 200 amp power available for a wide range of commercial uses
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
$16,177
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
8.99%
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%
$323,540
$323.5K
Cap Rate 7%
$231,100
$231.1K
Cap Rate 9%
$179,744
$179.7K
Market Conditions
NOI Build-Up for 2,773 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
$25.0K $9.00/SF
− Vacancy
−$1.8K −$0.67/SF
EGI
$23.1K $8.33/SF
− OpEx
−$6.9K −$2.50/SF
NOI
$16.2K $5.83/SF
Area
Humboldt County, CA
Vacancy
7.40%
Lease Rate
$9.00 /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%
$323,540
Cap Rate 7%
$231,100
Cap Rate 9%
$179,744
Alternative Uses
Best Use
Flex RnD
$1.05M
$916.3K – $1.22M
NOI $73,304 @ 7.0% cap · market cap 40.72%
Second Best
Office B
$516.0K
$451.5K – $602.0K
NOI $36,118 @ 7.0% cap · market cap 20.07%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex/industrial property with shop, reception, offices, storage, and 3-phase 200 amp power.
Where is this flex space located?
The property is located at 3883 Rohnerville Road Fortuna, CA.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 2,773 SF commercial building with shop space, reception area, office space, and ample storage; Previously operated as a refrigeration and HVAC business; 3‑phase 200 amp power available for a wide range of commercial uses
