Mixed-Use Property with Four
For Sale
$1,950,000
815 J Street, Arcata, CA 95521
Commercial Sale, Arcata, CA
Property Size5,600 SF
Lot Size0.17 Acres
Price / SF$348.21
Days on Market321
Property Features for 815 J Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Subdivision
North Bay
Standard status
Active
APN
021-152-003
Size
5,600 SF
Lot size
0.17 Acres
Building Details
Floors in Building
2
Flooring type
Carpet, Concrete, Vinyl
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
Disiere & Associates, Real Estate Services
(707) 845-1215
Listed By:
Linda Disiere · License #00603876
(707) 444-3007
Added: Oct 20, 2025
Changed: Sep 3
Last Checked: Sep 5 at 3:06PM
MLS# 270902
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 5,600-square-foot mixed-use property on 0.17 acres includes four occupied spaces distributed across 815 J Street, 835 J Street, 819 J Street, and 1020 8th Street in Arcata. The improvements include a restaurant, tavern, upstairs apartment, and a smaller commercial space. Wood siding, shingle roofing, and a combination of vinyl, concrete, and carpet flooring are present throughout the property.
The restaurant is subject to a 3-year lease, while the tavern operates under a 10-year lease ending in 2034. The upstairs apartment has a 1-year lease terminating in July 2026, and the smaller space is leased month-to-month. The site also includes an area identified for additional construction.
The restaurant is subject to a 3-year lease, while the tavern operates under a 10-year lease ending in 2034. The upstairs apartment has a 1-year lease terminating in July 2026, and the smaller space is leased month-to-month. The site also includes an area identified for additional construction.
Key Highlights
- 5,600‑square‑foot mixed‑use property on 0.17 acres
- Four tenants across restaurant, tavern, apartment, and smaller commercial space
- Addresses include 815 J Street, 835 J Street, 819 J Street, and 1020 8th Street
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
$140,147
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
7.19%
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%
$2,802,940
$2.8M
Cap Rate 7%
$2,002,100
$2.0M
Cap Rate 9%
$1,557,189
$1.6M
Market Conditions
NOI Build-Up for 5,600 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
$208.3K $37.20/SF
− Vacancy
−$21.5K −$3.83/SF
EGI
$186.9K $33.37/SF
− OpEx
−$46.7K −$8.34/SF
NOI
$140.1K $25.03/SF
Area
Humboldt County, CA
Vacancy
10.30%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
25.00%
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%
$2,802,940
Cap Rate 7%
$2,002,100
Cap Rate 9%
$1,557,189
Alternative Uses
Best Use
Specialty Retail
$2.00M
$1.75M – $2.34M
NOI $140,147 @ 7.0% cap · market cap 7.19%
Second Best
Mixed Use
$810.0K
$708.8K – $945.0K
NOI $56,700 @ 7.0% cap · market cap 2.91%
Theoretical Best
Flex RnD
$2.11M
$1.85M – $2.47M
NOI $148,036 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,482
Businesses Nearby
71k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Groceries 40%
Home Improvements & Furnishings 11%
Dining 7%
Safeway
Groceries
28,108 visits/mo
0.3 miles
Shell
Shops & Services
9,166 visits/mo
0.4 miles
Chevron
Shops & Services
8,185 visits/mo
0.2 miles
Hensel's Ace Hardware
Home Improvements & Furnishings
7,787 visits/mo
0.1 miles
Wells Fargo
Shops & Services
6,027 visits/mo
0.2 miles
Demographics for 95521, CA
21,581
Population
9,797
Households
2.2
Avg Household Size
30
Median Age
45%
College-Educated
95%
High-School Grad
60.4 sq mi
ZIP Area
357
Density / Sq Mi
$54,324
Median Household Income
$24,129
Median Earnings
$1,300
Median Rent
$478,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property combines restaurant, tavern, apartment, and smaller retail or service space across multiple addresses.
Where is this mixed-use property located?
The property is located at 815 J Street Arcata, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 5,600‑square‑foot mixed‑use property on 0.17 acres; Four tenants across restaurant, tavern, apartment, and smaller commercial space; Addresses include 815 J Street, 835 J Street, 819 J Street, and 1020 8th Street
