Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    424 Main St Ferndale, CA 95536

    Sponsored
    For Sale
    $500,000

    COMMERCIAL - Ferndale, CA

    Property size:
    3,335 SF
    Lot size:
    0.06 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 7 at 7:06 pm

    Property Features for 424 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Yes
    Rooms
    Bathroom 2, Bathroom 1, Bathroom 3
    Bathrooms
    3
    Interior features
    Handicap Access, Handicap Restroom
    Accessibility
    Accessible Approach with Ramp
    Size
    3,335 SF
    Lot size
    0.06 Acres

    Building Details

    Floors in Building
    2
    Flooring type
    Carpet, Wood, Tile
    Building materials
    Wood Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Sarah Pichulo

    eXp Realty of California Inc. (888) 584-9427

    Listing agent Sarah Pichulo License #02118250

    Listing date Feb 7, 2026

    MLS# 271524

    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.

    Learn more

    Property Insight Report

    Overview

    Historic Victorian Mixed-Use Property

    Located in the heart of historic Ferndale, this mixed-use property, known locally as the former Nilsen Feed, presents a great investment opportunity. Constructed in 1914, the iconic Victorian building, named the Mullady Building, is listed on the National Register of Historic Places in Humboldt County. The property offers 3,335 square feet of prime real estate, combining character, income potential, and a premier downtown location. The property features a 1,955-square-foot commercial storefront with tall ceilings, a spacious open main room, and a glass storefront with windows that provide natural light. Additional amenities include five office spaces, a laundry room, and a handicap-accessible bathroom. The commercial unit has a strong long-term rental history. Tucked away down the alley and up the stairs are two residential apartments. One, named "Apartment with the View," is a one-bedroom, one-bath unit with windows overlooking Main Street, along with an updated kitchen and bathroom. The two-bedroom, one-bath apartment offers an open floor plan, tile kitchen floors, granite countertops, and a classic clawfoot tub that highlights the building's historic charm. The lot size is 0.06 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Like Nobody Else ... Spa & Massage Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Humboldt
    State
    California
    Longitude
    -124.263466
    Latitude
    40.576476

    Nearby Similar for Sale

    • $3,250,000
      36,000 SF

      Versatile Commercial Property in Ferndale

      Adaptable mixed-use property with retail, warehouse, and office space.
      1593 Market St, Ferndale, CA 95536
      View Details
    • $850,000
      5,960 SF

      Established Business on Main Street

      Thriving auto business on Main Street in Ferndale, California.
      524 Main St, Ferndale, CA 95536
      View Details
    • $850,000

      Established Auto Business on Main

      Thriving auto business and real estate on Main Street for sale.
      524 Main St, Ferndale, CA 95536
      View Details
    • $2,250,000
      9,000 SF

      Restored Victorian Bed & Breakfast

      Spectacular, completely restored 9,000+ sq ft Victorian Bed & Breakfast.
      400 Berding St, Ferndale, CA 95536
      View Details
    • $2,250,000
      9,000 SF

      Ferndale Victorian Hotel for Sale

      Historic B&B, 9,000 sq ft, 11 keys
      400 Berding St, Ferndale, CA 95536
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in historic Ferndale with commercial and residential units.
    Where is this mixed-use property located?
    The property is located at 424 Main St Ferndale, CA.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Premier downtown Ferndale location.; - Listed on the National Register of Historic Places (Mullady Building).; - Mixed-use property with multiple income streams (commercial storefront and two residential apartments).
    (707) 223-2213
    Request Owner's contact information
    424 Main St Ferndale, CA 95536
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    424 Main St
    Ferndale, CA 95536
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    424 Main St Ferndale, CA 95536
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sarah Pichulo
    Real Estate License ID: 02118250
    (707) 223-2213
    Learn more
    Google sign-in failed. Please try again or use another login method.