Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    124 Leslie St Ukiah, CA 95482

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $50,000

    Commercial lot zoned NEC, close to downtown, hospital, and shopping.

    We can help!

    Listing Contact
    Wendy Fambrini
    Source: Corcoran

    Listing Agent: Wendy Fambrini

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

    Learn more

    Property Insight Report

    Overview

    Commercial Lot Near Downtown Ukiah

    This commercial lot presents an opportunity for business development in a mixed-use area of Ukiah. Zoned commercial (NEC), the lot offers various potential uses. Its location is close to downtown Ukiah, the hospital, and shopping areas, providing convenient access to amenities and services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ukiah
    County
    Mendocino
    State
    California
    Longitude
    -123.202037
    Latitude
    39.14845

    Nearby Similar for Sale

    • $1,399,000
      8,620 SF

      Ukiah Multifamily Investment Opportunity

      Income property with development potential in Ukiah's Opportunity Zone.
      2140 South State St, Ukiah, CA 95482
      View Details
    • $2,950,000
      3,600 SF

      Hopland Ranch: Conservation, Recreation, Sustainable Living

      480-acre ranch blending natural beauty, wildlife, and sustainable infrastructure.
      2371 Mcnab Ranch Rd, Ukiah, CA 95482
      View Details
    • $575,000
      2,676 SF

      Ukiah Commercial Office Property

      Two well-maintained office buildings with income and long-term potential.
      721 S Dora St, Ukiah, CA 95482
      View Details
    • $410,000
      1,275 SF

      Ukiah Mixed-Use Investment Opportunity

      Flexible commercial property with residential potential in Ukiah, California.
      165 Luce Ave, Ukiah, CA 95482
      View Details
    • $1,200,000
      10,600 SF

      Historic Mixed-Use Building in Ukiah

      Historic 10,600 SF commercial building near downtown Ukiah, California.
      224 N Oak St, Ukiah, CA 95482
      View Details
    • $289,000
      2,000 SF

      Downtown Ukiah Commercial Space Available

      Prime commercial space in Ukiah's established business district.
      252 N State St, Ukiah, CA 95482
      View Details
    • $289,000
      2,000 SF

      Ukiah Commercial Space For Sale

      Prime commercial space in Ukiah's established business district.
      252 N State St, Ukiah, CA 95482
      View Details
    • $575,000
      2,676 SF

      Dual Office Property For Sale

      Two updated office buildings with income and flexible use potential.
      715 S Dora #1, Ukiah, CA 95482
      View Details
    • $1,500,000
      4,200 SF

      Highway 101 Visible Restaurant Property

      Former restaurant ready for renovation or redevelopment with highway visibility.
      1550 N Lovers Ln, Ukiah, CA 95482
      View Details
    • $985,000

      Licensed Cannabis Farm on 163 Acres

      Turnkey, income-producing cannabis farm with 10,000 sqft canopy.
      8450 Orr Springs Rd, Ukiah, CA 95482
      View Details
    • $995,000

      Ukiah Vineyard with Highway Frontage

      Mendocino County vineyard with Cabernet Sauvignon and development potential.
      3525 Taylor Dr, Ukiah, CA 95482
      View Details
    • $3,906,000
      9,453 SF

      Ukiah Retail Center For Sale

      Fully leased retail center with future development potential.
      704 E Perkins St, Ukiah, CA 95482
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lot zoned NEC, close to downtown, hospital, and shopping.
    Where is this commercial land located?
    The property is located at 124 Leslie St Ukiah, CA.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: - Zoned commercial (NEC) offering diverse business opportunities.; - Located in a mixed-use area.; - Close proximity to downtown Ukiah.
    Request Owner's contact information
    124 Leslie St Ukiah, CA 95482
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    124 Leslie St
    Ukiah, CA 95482
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    124 Leslie St Ukiah, CA 95482
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Wendy Fambrini
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.