Add Listing
    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

    637 Broadway Street Eureka, CA 95501

    View on Map
    Claim this Listing
    Pending
    $399,000

    COMMERCIAL - Eureka, CA

    Property size:
    2,474 SF
    Lot size:
    0.16 Acres
    Added:
    Mar 4, 2025
    Days on Market:
    410
    Last Refresh:
    Apr 18 at 10:06 am

    Property Features for 637 Broadway Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking
    15
    Standard status
    Pending
    Size
    2,474 SF
    Lot size
    0.16 Acres

    Building Details

    Flooring type
    Concrete
    Building materials
    Wood Siding
    Roof type
    Membrane

    We can help!

    Listing Contact
    Malachi Herrera
    Malachi Herrera

    Listing agent Malachi Herrera License #02019366

    Listing office Ming Tree, Inc. 509 J Street, Eureka, CA

    Listing date Mar 4, 2025

    MLS# 268845

    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.

    Overview

    Eureka Commercial Property on Broadway

    This commercial property, located on Broadway Street in Eureka, California, offers high visibility with over 20,000 vehicles passing by daily. The interior has been completely gutted to the studs, providing a blank canvas for development. A new roof was installed in 2024. Approved plans for four commercial kitchens are in place, presenting an opportunity for food-related businesses, though permits still need to be paid. The property is suitable for office space or retail development. The building size is 2474 square feet and the lot size is 0.16 acres. The zoning is commercial. The owner may consider carrying the financing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hamburger King Restaurant

    Suggested Use

    Restaurant Dental Office Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Hotel & Motel Kitchen & Bath Showroom Daycare Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Eureka
    County
    Humboldt
    State
    California
    Longitude
    -124.174739
    Latitude
    40.799175

    Nearby Similar for Sale

    • $569,000
      1,059 SF

      Eureka Commercial Office Buildings Package

      Two office buildings in downtown Eureka, great for professional uses.
      304 & 314 L Street, Eureka, CA 95501
      View Details
    • $609,500
      2,484 SF

      Eureka Fourplex on Oversized Lot

      Four-unit multifamily property with development potential in Eureka, California.
      2805 California Street, Eureka, CA 95501
      View Details
    • $345,000
      1,596 SF

      Eureka Multifamily Property with Carports

      Two-unit multifamily property in Eureka, each with dedicated carport.
      2225-2227 Pine Street, Eureka, CA 95501
      View Details
    • $525,000
      2,509 SF

      Eureka Triplex with Income Potential

      Well-maintained triplex in Eureka with strong rental income potential.
      1141 Cousins Street, Eureka, CA 95501
      View Details
    • $3,300,300
      22,000 SF

      Eureka Commercial Property on Highway

      Commercial property with two buildings and highway frontage in Eureka.
      2029 Broadway, Eureka, CA 95501
      View Details
    • $420,000
      3,790 SF

      Eureka Commercial Space in Henderson

      Versatile 3,790 SF commercial space in Eureka's Henderson Center.
      524 Henderson Street, Eureka, CA 95501
      View Details
    • $569,000
      1,664 SF

      Eureka Duplex with Garage

      Well-maintained duplex in Eureka with garages and outdoor space.
      4479, 4483 Excelsior Road, Eureka, CA 95503
      View Details
    • $369,000
      1,640 SF

      Remodeled Duplex in Eureka

      Turn-key ready duplex with modern upgrades and garden beds.
      4020 F Street, Eureka, CA 95503
      View Details
    • $649,999
      1,700 SF

      Turnkey Dual-Home Property

      Dual-home property near hospital and university, ideal for investors.
      2121 C Street, Eureka, CA 95501
      View Details
    • $395,000
      2,379 SF

      Eureka Triplex Near Downtown

      Triplex with versatile units near downtown Eureka.
      813 Summer Street, Eureka, CA 95501
      View Details
    • $425,000
      2,188 SF

      Eureka Multifamily Property with Development Potential

      Multifamily property with development potential on a half-acre lot.
      1937,1941 Ridgewood Drive, Eureka, CA 95503
      View Details
    • $1,400,000
      8,870 SF

      Remodeled Commercial Building in Eureka

      Remodeled 8,870 SF commercial building on high-traffic corner.
      341 Harris Street, Eureka, CA 95503
      View Details

    FAQs

    What type of property is this?
    Commercial kitchen - High-visibility commercial property on Broadway, ideal for various business ventures.
    Where is this commercial kitchen located?
    The property is located at 637 Broadway Street Eureka, CA.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: High‑visibility location sees over 20,000 vehicles per day.; Approved plans for four commercial kitchens.; Brand‑new roof installed in 2024.
    (707) 498-3007
    We can help!
    Listing Contact
    Malachi Herrera
    Malachi Herrera
    Real Estate License ID: 02019366
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!