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    953 Northcrest Dr Crescent City, CA 95531

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    For Lease
    Contact for pricing

    Retail spaces available in high-traffic Crescent City shopping center.

    Property Features for 953 Northcrest Dr

    General Information

    Standard status
    Active

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    Listing Contact
    Heath Kastner
    Source: Cbre

    Listing Agent: Heath Kastner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Crescent City Shopping Center Space

    Located at the intersection of Northcrest Drive and Highway 101, the Crescent City Shopping Center benefits from over 30,000 cars per day passing the site. The location serves local and interstate traffic from communities between Eureka, Brookings, and Grants Pass. Available spaces include a ± 30,800 sq. ft. former ShopSmart grocery store, divisible to ± 7,800 sq. ft., and a ± 2,875 sq. ft. pad shop space that is also divisible. The shopping center is anchored by Dollar Tree and includes O'Reilly Auto Parts, Payless Shoes, Pizza Hut, Subway, and Chevron Gas. The property offers excellent visibility to Highway 101 and easy access via Highway 101, Northcrest Dr, and Wilson Ave. Neighboring retailers include Home Depot, Starbucks, AutoZone, Walmart, and Walgreens. The location benefits from regional, interstate, and tourist traffic due to the nearby Del Norte Coast Redwoods State Park, the beach, and the Pelican Bay Prison.
    Location Intelligence

    Current Use by Public Records

    Crescent City Shopping ... Shopping Center & Mall Chetco FCU ATM Atm ATM Atm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Crescent City Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Crescent City
    County
    Del Norte
    State
    California
    Longitude
    -124.198367
    Latitude
    41.766865

    Nearby Similar for Lease

    • Contact for pricing
      1,823 SF

      Highway 101 Drive-Thru Restaurant

      Former Subway drive-thru on Highway 101 near Crescent Harbor.
      309 Us Highway 101 S, Crescent City, CA 95482
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail property available for lease in Crescent City, California.
      915 E Washington Blvd, Crescent City, CA 95482
      View Details
    • Contact for pricing
      1,823 SF

      Crescent City Retail Drive-Thru

      ±3,150 SF Build-to-Suit Opportunity. Highway 101.
      309 Us Highway 101, Crescent City, CA 95531
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces available in high-traffic Crescent City shopping center.
    Where is this shopping center located?
    The property is located at 953 Northcrest Dr Crescent City, CA.
    What are key features of this property?
    This property features: - High-traffic location at the intersection of Northcrest Drive and Highway 101, with over 30,000 cars per day.; - Anchored by Dollar Tree and other national tenants like O'Reilly Auto Parts, Payless Shoes, Pizza Hut, Subway and Chevron Gas.; - Excellent visibility and easy access from Highway 101, Northcrest Dr, and Wilson Ave.
    (916) 446-8290
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    953 Northcrest Dr Crescent City, CA 95531
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    Crescent City, CA 95531
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    953 Northcrest Dr Crescent City, CA 95531
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    We can help!
    Listing Contact
    Heath Kastner
    Real Estate License ID: 1301753
    (916) 446-8290 (916) 446-8795
    Learn more
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