Historic Mixed-Use Building in
102 S State Ukiah, CA 95482
102 S State, Ukiah, CA, 95482
$1,600,000
For Sale
$1,600,000
Iconic downtown Ukiah building with mixed-use space for sale.
Property Size11,146 SF
Lot Size0.13 Acres
Price / SF$143.55
Days on Market263
Property Features for 102 S State
General Information
- Standard status
- Active
- Size
- 11,146 SF
- Lot size
- 0.13 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1889
Listing Agency
W REAL ESTATE
3800003
Listed by
ERIC GARBOCCI · License #01099717
Source
Corcoran
Added: Oct 30, 2025 Checked: Jul 19 at 4:11 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of W REAL ESTATE
Investment Insights
Based on property information with market context.
Located in downtown Ukiah, the historic Marks Building is a two-story brick structure constructed in 1889. The building offers over 11,000 square feet of mixed-use space on a corner lot with high visibility and steady foot traffic. The ground floor accommodates an established business. The second floor is configured with approximately sixteen professional office suites, offering flexibility for a variety of tenants or future reconfiguration. The property has nearly 150 feet of frontage along State Street. The property sits on a 0.13-acre lot zoned C2 - Mixed Use, allowing for retail, restaurant, or office uses, and presents a strong opportunity for both investors and owner-occupants seeking an income-producing downtown asset.
Key Highlights
- Iconic historic building (Marks Building, built 1889) in the heart of downtown Ukiah.
- High visibility corner lot with steady foot traffic on a busy street.
- Mixed‑use zoning (C2) allowing for retail, restaurant, or office uses.
Local Financial Insights For Mixed Use
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 | $240.8k | $21.60 |
| − Vacancy | −$24.1k | −$2.16 |
| EGI | $216.7k | $19.44 |
| − OpEx | −$81.3k | −$7.29 |
| NOI | $135.4k | $12.15 |
11,146 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$2.31M
$2.02M – $2.70M
NOI $161,810 @ 7.0% cap · market cap 10.11%
Second Best
Mixed Use
$1.93M
$1.69M – $2.26M
NOI $135,424 @ 7.0% cap · market cap 8.46%
Theoretical Best
Flex RnD
$4.17M
$3.65M – $4.86M
NOI $291,697 @ 7.0% cap · market cap 18.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ukiah Brewing Company
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Iconic downtown Ukiah building with mixed-use space for sale.
Where is this mixed-use property located?
The property is located at 102 S State Ukiah, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Iconic historic building (Marks Building, built 1889) in the heart of downtown Ukiah.; High visibility corner lot with steady foot traffic on a busy street.; Mixed‑use zoning (C2) allowing for retail, restaurant, or office uses.
