Mixed-Use Investment in
1055 Main Street Fortuna, CA 95540
1055 Main Street, Fortuna, CA, 95540
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For Sale
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High-visibility corner property with income and value-add potential.
Property Size9,462 SF
Price / SF$116.25
Days on Market67
Property Features for 1055 Main Street
General Information
- Standard status
- Active
- Size
- 9,462 SF
- Property subtype
- Retail, Multifamily, Mixed Use
Building Details
- Year Built
- 1916
Listing Agency
Coldwell Banker Cutten Realty
Listed by
TINA CHRISTENSEN-KABLE · License #CA
Source
Crexi
Added: May 11 Checked: Jul 16 at 4:08 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 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.
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 | $170.3k | $18.00 |
| − Vacancy | −$17.0k | −$1.80 |
| EGI | $153.3k | $16.20 |
| − OpEx | −$57.5k | −$6.07 |
| NOI | $95.8k | $10.13 |
9,462 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 37.50%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
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FAQs
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.
