Dual Office Buildings with Private
721 S Dora Street Ukiah, CA 95482
For Sale
$575,000
SINGLE_FAMILY - Ukiah, CA
Property Size1,812 SF
Price / SF$317.33
Days on Market314
Property Features for 721 S Dora Street
General Information
Property type
Residential
Property subtype
Office
Zoning
Class C
Standard status
Active
APN
0013022000
Taxes and HOA fees
Tax Annual Amount
3250
Utilities
Cooling system
Central Air
Listing Agency:
EXP Realty of California, Inc
(888) 584-9427
Listed By:
Carissa Sadlier · License #02219601
(707) 972-4046
Added: Sep 19, 2025
Changed: Jul 6
Last Checked: Jul 29 at 3:06PM
MLS# LC25221380
Copyright © 2026 Lake County 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.
The property consists of two updated office buildings on the same site, originally designed as separate units. 715 S. Dora (approximately 864 sq. ft.) has been leased and includes a small reception area, office, half bath, and multiple rooms, including one with an additional sink. 721 S. Dora (approximately 1,812 sq. ft.) is tenant-occupied as a medical office and features a welcoming reception, spacious waiting area, multiple offices, storage, and a break room.
Private parking serves both buildings, along with a small outdoor area that can be used for seating or storage. The buildings have been noted as having separate meters, supporting flexible future use. Recent improvements include new roofs, HVAC systems, fresh paint, sewer lateral line updates, and curb appeal upgrades. The listing also notes access via an easement/right-of-way through the adjacent property on Mill and Dora.
Zoned Class C, the setup may fit professional office and medical office tenants looking for on-site parking and dedicated space configurations. With one building currently leased and the other tenant-occupied, the property provides an opportunity to acquire a multi-building office asset with established occupancy in place, subject to tenant terms.
Private parking serves both buildings, along with a small outdoor area that can be used for seating or storage. The buildings have been noted as having separate meters, supporting flexible future use. Recent improvements include new roofs, HVAC systems, fresh paint, sewer lateral line updates, and curb appeal upgrades. The listing also notes access via an easement/right-of-way through the adjacent property on Mill and Dora.
Zoned Class C, the setup may fit professional office and medical office tenants looking for on-site parking and dedicated space configurations. With one building currently leased and the other tenant-occupied, the property provides an opportunity to acquire a multi-building office asset with established occupancy in place, subject to tenant terms.
Key Highlights
- Dual office property with two updated buildings on S. Dora in Ukiah
- 715 S. Dora (~864 SF) leased for immediate income; small reception, office, half bath, and multiple rooms
- 721 S. Dora (~1,812 SF) tenant‑occupied medical office with reception, waiting area, multiple offices, storage, and break room
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.3k | $43.20 |
| − Vacancy | −$11.1k | −$6.13 |
| EGI | $67.2k | $37.07 |
| − OpEx | −$26.9k | −$14.83 |
| NOI | $40.3k | $22.24 |
1,812 SF · lease $43.20/SF/yr · vacancy 14.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$575.7K
$503.7K – $671.6K
NOI $40,298 @ 7.0% cap · market cap 7.01%
Second Best
Office B
$375.8K
$328.8K – $438.4K
NOI $26,305 @ 7.0% cap · market cap 4.57%
Theoretical Best
Flex RnD
$677.4K
$592.8K – $790.4K
NOI $47,421 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two updated office buildings with private parking, including one tenant-occupied medical office suite and one leased unit.
Where is this office building located?
The property is located at 721 S Dora Street Ukiah, CA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Dual office property with two updated buildings on S. Dora in Ukiah; 715 S. Dora (~864 SF) leased for immediate income; small reception, office, half bath, and multiple rooms; 721 S. Dora (~1,812 SF) tenant‑occupied medical office with reception, waiting area, multiple offices, storage, and break room
