Mixed-Use Building with Fitness
For Sale
$680,000
1215 Giuntoli Lane, Arcata, CA 95521
Commercial Sale, Arcata, CA
Property Size10,000 SF
Lot Size0.45 Acres
Price / SF$68
Days on Market566
Property Features for 1215 Giuntoli Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Subdivision
North Bay
Standard status
Active
APN
507-301-075
Size
10,000 SF
Lot size
0.45 Acres
Amenities
reception area
kitchen
private offices
gym
studio spaces
locker rooms
residential apartment
shop/storage area
office
restroom
roll-up door
Listing Agency:
Wells Commercial R.E. & Investment
(707) 444-3624
Listed By:
Alissa Woods · License #02081729
(707) 845-9308
Added: Feb 28, 2025
Changed: Sep 15
Last Checked: Sep 17 at 3:06AM
MLS# 268829
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 10,000-square-foot mixed-use building at 1215 Giuntoli Lane includes three units across two stories. The primary space is configured with a reception area, kitchen, several private offices, gym and studio areas, plus two locker rooms. A separate shop and storage component provides an office, restroom, and roll-up door. The property also includes an upstairs 1b/1ba apartment.
Located in Arcata, the building combines commercial, workspace, and residential elements within a 0.45-acre property. Its existing layout supports continued fitness use, while the range of office, studio, shop, and storage areas offers flexibility for other commercial operations.
Located in Arcata, the building combines commercial, workspace, and residential elements within a 0.45-acre property. Its existing layout supports continued fitness use, while the range of office, studio, shop, and storage areas offers flexibility for other commercial operations.
Key Highlights
- 10,000‑square‑foot mixed‑use building on 0.45 acres
- Three‑unit, two‑story configuration
- Main unit includes gym, studio spaces, private offices, kitchen, reception, and 2 locker rooms
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
$58,338
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
8.58%
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%
$1,166,760
$1.2M
Cap Rate 7%
$833,400
$833.4K
Cap Rate 9%
$648,200
$648.2K
Market Conditions
NOI Build-Up for 10,000 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
$90.0K $9.00/SF
− Vacancy
−$6.7K −$0.67/SF
EGI
$83.3K $8.33/SF
− OpEx
−$25.0K −$2.50/SF
NOI
$58.3K $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%
$1,166,760
Cap Rate 7%
$833,400
Cap Rate 9%
$648,200
Alternative Uses
Best Use
Flex RnD
$3.78M
$3.30M – $4.41M
NOI $264,350 @ 7.0% cap · market cap 38.88%
Second Best
Mixed Use
$1.45M
$1.27M – $1.69M
NOI $101,250 @ 7.0% cap · market cap 14.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
Explore this area
Business Placement
Demographics for 95521, CA
21,581
Population
9,797
Households
2.2
Avg Household Size
30
Median Age
45%
College-Educated
95%
High-School Grad
60.4 sq mi
ZIP Area
357
Density / Sq Mi
$54,324
Median Household Income
$24,129
Median Earnings
$1,300
Median Rent
$478,600
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story commercial property with adaptable office, studio, shop, storage, and residential components.
Where is this mixed-use property located?
The property is located at 1215 Giuntoli Lane Arcata, CA.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: 10,000‑square‑foot mixed‑use building on 0.45 acres; Three‑unit, two‑story configuration; Main unit includes gym, studio spaces, private offices, kitchen, reception, and 2 locker rooms
