Mixed-Use Investment in
For Sale
$1,100,000
1055 Main Street, Fortuna, CA 95540
High-visibility corner property with income and value-add potential.
Property Size9,462 SF
Price / SF$116.25
Days on Market108
Property Features for 1055 Main Street
General Information
Standard status
Active
Size
9,462 SF
Property subtype
Commercial
Amenities
Carpeted Flooring
Listing Agency:
COLDWELL BANKER CUTTEN REALTY
(707) 445-8811
Listed By:
TINA CHRISTENSEN · License #00476701
Source:
Corcoran
Added: May 16
Changed: Aug 27
Last Checked: Aug 30 at 6:19PM
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 COLDWELL BANKER CUTTEN REALTY
Investment Insights
Based on property information with market context.
Located in Fortuna, this mixed-use property is positioned on the corner of Main Street and 11th. The commercial-zoned property offers a total of 19 units, with 14 units currently occupied and 5 vacant. The property provides immediate income with upside potential. The unit mix includes both residential and commercial spaces. The property offers over 9,400 square feet of space and excellent street exposure. It is located in close proximity to local businesses and amenities. This centrally located asset is suitable for portfolio growth or long-term hold.
Key Highlights
- Prime corner location on Main Street offering high visibility.
- Mixed‑use property featuring both residential and commercial units.
- Income‑producing asset: 14 of 19 units are currently occupied.
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
$95,803
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
8.71%
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%
$1,916,060
$1.9M
Cap Rate 7%
$1,368,614
$1.4M
Cap Rate 9%
$1,064,478
$1.1M
Market Conditions
NOI Build-Up for 9,462 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
$170.3K $18.00/SF
− Vacancy
−$17.0K −$1.80/SF
EGI
$153.3K $16.20/SF
− OpEx
−$57.5K −$6.07/SF
NOI
$95.8K $10.13/SF
Area
Humboldt County, CA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,916,060
Cap Rate 7%
$1,368,614
Cap Rate 9%
$1,064,478
Alternative Uses
Best Use
Retail
$3.16M
$2.76M – $3.68M
NOI $221,012 @ 7.0% cap · market cap 20.09%
Second Best
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,671 @ 7.0% cap · market cap 10.24%
Theoretical Best
Flex RnD
$3.57M
$3.13M – $4.17M
NOI $250,128 @ 7.0% cap · market cap 22.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Explore this area
Business Placement
Demographics for 95540, CA
14,055
Population
6,087
Households
2.3
Avg Household Size
40
Median Age
24%
College-Educated
88%
High-School Grad
34.1 sq mi
ZIP Area
412
Density / Sq Mi
$62,346
Median Household Income
$37,309
Median Earnings
$1,135
Median Rent
$362,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - High-visibility corner property with income and value-add potential.
Where is this mixed-use property located?
The property is located at 1055 Main Street Fortuna, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime corner location on Main Street offering high visibility.; Mixed‑use property featuring both residential and commercial units.; Income‑producing asset: 14 of 19 units are currently occupied.
