Highway Restaurant
For Sale
$299,000
Pending
1134 5th Street, Eureka, CA 95501
Commercial Sale, Eureka, CA
Property Size1,800 SF
Lot Size0.08 Acres
Days on Market411
Property Features for 1134 5th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Subdivision
South Bay
Standard status
Pending
Size
1,800 SF
Lot size
0.08 Acres
Amenities
alley access
newer roof
two bathrooms
tile flooring
Listing Agency:
Coldwell Banker Cutten Realty · Coldwell Banker Real Estate
(707) 445-8811
Listed By:
Lorenzo Herrera · License #01981829
(707) 498-6259
Added: Jul 9, 2025
Changed: Aug 19
Last Checked: Aug 23 at 9:06AM
MLS# 270077
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 1,800-square-foot restaurant property includes a commercial kitchen with equipment, a dedicated dining area furnished with booths, tables, and chairs, and two bathrooms. Tile flooring extends throughout the interior, while a newer roof adds a recent building improvement. Commercial zoning supports the property’s restaurant-oriented configuration.
The building fronts Highway 101 and includes alley access with rear parking. At 0.08 acres, the site combines a compact footprint with an established food-service layout suited to dine-in, takeout, or a combination of both.
The building fronts Highway 101 and includes alley access with rear parking. At 0.08 acres, the site combines a compact footprint with an established food-service layout suited to dine-in, takeout, or a combination of both.
Key Highlights
- 1,800‑square‑foot restaurant building on 0.08 acres
- Direct Highway 101 frontage
- Commercial kitchen equipment included
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
$10,501
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
3.51%
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%
$210,020
$210.0K
Cap Rate 7%
$150,014
$150.0K
Cap Rate 9%
$116,678
$116.7K
Market Conditions
NOI Build-Up for 1,800 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
$16.2K $9.00/SF
− Vacancy
−$1.2K −$0.67/SF
EGI
$15.0K $8.33/SF
− OpEx
−$4.5K −$2.50/SF
NOI
$10.5K $5.83/SF
Area
Humboldt County, CA
Vacancy
7.40%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$210,020
Cap Rate 7%
$150,014
Cap Rate 9%
$116,678
Alternative Uses
Best Use
Specialty Retail
$643.5K
$563.1K – $750.8K
NOI $45,047 @ 7.0% cap · market cap 15.07%
Second Best
Industrial
$150.0K
$131.3K – $175.0K
NOI $10,501 @ 7.0% cap · market cap 3.51%
Theoretical Best
Flex RnD
$679.8K
$594.8K – $793.1K
NOI $47,583 @ 7.0% cap · market cap 15.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,896
Businesses Nearby
31k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 41%
Starbucks
Dining
12,629 visits/mo
0.4 miles
Chase Bank
Shops & Services
6,056 visits/mo
0.3 miles
U.S. Bank
Shops & Services
4,862 visits/mo
0.2 miles
Chevron
Shops & Services
3,805 visits/mo
0.1 miles
Umpqua Bank
Shops & Services
3,665 visits/mo
0.2 miles
Demographics for 95501, CA
23,323
Population
10,577
Households
2.2
Avg Household Size
38
Median Age
34%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
3,195
Density / Sq Mi
$55,076
Median Household Income
$34,476
Median Earnings
$1,151
Median Rent
$389,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial kitchen, dining furnishings, and two bathrooms support food-service operations.
Where is this conventional restaurant located?
The property is located at 1134 5th Street Eureka, CA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,800‑square‑foot restaurant building on 0.08 acres; Direct Highway 101 frontage; Commercial kitchen equipment included
