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    4611 Central Avenue McKinleyville, CA 95519

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    For Lease
    $1.00 SF/Yr $416/Mo (calc)

    Commercial Lease - Unincorporated, CA

    Property size:
    5,000 SF
    Added:
    Aug 19, 2024
    Days on Market:
    618
    Last Refresh:
    Apr 28 at 2:06 pm

    Property Features for 4611 Central Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    511331018000
    Size
    5,000 SF

    Building Details

    Year built
    1970
    Architectural style
    Other

    We can help!

    Listing Contact
    Franco Pepe

    Listing agent Franco Pepe License #01391797

    Listing office Fortune Real Estate Enterprise 22528 Inspiration Point, Canyon Lake, CA

    Listing date Aug 19, 2024

    MLS# SW24171540 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Space Available For Lease

    Commercial spaces are available for rent. The spaces previously housed the Clam Beach Tavern, a mini market, and the Oasis Card Shop. The property is located in Unincorporated, CA. The available space is suitable for use as an event space or other acceptable purpose. The property is in Humboldt County, California, and has a total size of 5000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Humboldt CCTV Security Service Clam Beach Realty ... Real Estate Agency Humboldt GrowTech Agricultural Service Humboldt Grow Solutions Security Service Humboldt VOIP Telecommunications Service

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Hotel & Motel Garden Center Cafe & Coffee Shop Daycare Center Tech Support Center Bed & Breakfast Florist

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

    Location Insight

    • Map
    • Local Demand
    City
    McKinleyville
    County
    Humboldt
    State
    California
    Longitude
    -124.1096832
    Latitude
    40.9894329

    Nearby Similar for Lease

    • $4,025/Mo

      Professional Office Space For Lease

      Professional office space just off of Central Avenue.
      1650 Central Avenue, McKinleyville, CA 95519
      View Details
    • $4,200/Mo

      Fieldbrook Mixed-Use Business Opportunity

      Mixed-use opportunity in Fieldbrook with full kitchen and venue.
      4636 Fieldbrook Rd, McKinleyville, CA
      View Details
    • Contact for pricing

      Central Avenue Retail/Office Opportunity

      Prime location in McKinleyville, poised for renovations.
      2194 Central Ave, McKinleyville, CA 95519
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial spaces available for lease in Unincorporated, CA.
    Where is this retail space located?
    The property is located at 4611 Central Avenue McKinleyville, CA.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: Multiple spaces available including the Clam Beach Tavern and Oasis Card Shop.; Flexible usage: Spaces can be used as event space or other acceptable purposes.; Property was built in 1970.
    (714) 791-6060
    We can help!
    Listing Contact
    Franco Pepe
    Real Estate License ID: 01391797
    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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