Auto Shop with Fenced
New
For Sale
$739,000
1232 5th Street, Eureka, CA 95501
Highway frontage, alley access, and a paved fenced yard support vehicle-oriented operations.
Property Size1,464 SF
Price / SF$504.78
Days on Market6
Property Features for 1232 5th Street
General Information
Standard status
Active
Size
1,464 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Amenities
Large awning
paved yard
Concrete Flooring
Natural Gas Heating
Space Heating
Vinyl Flooring
Listing Agency:
MING TREE, INC.
(707) 445-4500
Listed By:
LARRY O. DOSS · License #01196417
Source:
Corcoran
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 30 at 6:12PM
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 MING TREE, INC.
Investment Insights
Based on property information with market context.
This auto shop property includes a large awning, a secure fenced yard, and paved outdoor areas. Its corner-lot configuration provides vehicle access from multiple directions, while the existing layout can be customized for a business operation. The property also includes parking associated with the site.
Positioned in downtown Eureka along Highway 101, the property occupies a high-traffic setting with prominent exposure. An alley adds another access point, complementing the corner position and supporting convenient vehicle movement. The site combines a business location with visible frontage and secured outdoor space.
Positioned in downtown Eureka along Highway 101, the property occupies a high-traffic setting with prominent exposure. An alley adds another access point, complementing the corner position and supporting convenient vehicle movement. The site combines a business location with visible frontage and secured outdoor space.
Key Highlights
- Highway 101 frontage in downtown Eureka
- Corner‑lot setting with vehicle access from multiple directions
- Secure fenced and paved yard
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
$34,196
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
4.63%
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%
$683,920
$683.9K
Cap Rate 7%
$488,514
$488.5K
Cap Rate 9%
$379,956
$380.0K
Market Conditions
NOI Build-Up for 1,464 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
$54.5K $37.20/SF
− Vacancy
−$5.6K −$3.83/SF
EGI
$48.9K $33.37/SF
− OpEx
−$14.7K −$10.01/SF
NOI
$34.2K $23.36/SF
Area
Humboldt County, CA
Vacancy
10.30%
Lease Rate
$37.20 /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%
$683,920
Cap Rate 7%
$488,514
Cap Rate 9%
$379,956
Alternative Uses
Best Use
Retail
$488.5K
$427.5K – $569.9K
NOI $34,196 @ 7.0% cap · market cap 4.63%
Second Best
Industrial
$122.0K
$106.8K – $142.4K
NOI $8,541 @ 7.0% cap · market cap 1.16%
Theoretical Best
Flex RnD
$552.9K
$483.8K – $645.0K
NOI $38,701 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,774
Businesses Nearby
18k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chase Bank
Shops & Services
6,056 visits/mo
0.5 miles
U.S. Bank
Shops & Services
4,862 visits/mo
0.3 miles
Chevron
Shops & Services
3,805 visits/mo
0.1 miles
Umpqua Bank
Shops & Services
3,665 visits/mo
0.4 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
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Frequently Asked Questions
What type of property is this?
Auto shop - Highway frontage, alley access, and a paved fenced yard support vehicle-oriented operations.
Where is this auto shop located?
The property is located at 1232 5th Street Eureka, CA.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: Highway 101 frontage in downtown Eureka; Corner‑lot setting with vehicle access from multiple directions; Secure fenced and paved yard
