Mixed-Use Building in Downtown
326 I Street Eureka, CA 95501
326 I Street, Eureka, CA, 95501
$595,000
For Sale
$595,000
Mixed-use building with office and retail space for sale.
Property Size4,070 SF
Lot Size0.15 Acres
Price / SF$146.19
Days on Market108
Property Features for 326 I Street
General Information
- Standard status
- Active
- Size
- 4,070 SF
- Lot size
- 0.15 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1910
Listing Agency
C.B. COMMERCIAL PACIFIC PARTNERS REAL ESTATE
(707) 442-2222
Listed by
Jb Mathers
(707) 442-2222
Source
Cbcworldwide
Added: Apr 1 Checked: Jul 15 at 9:09 pm
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 C.B. COMMERCIAL PACIFIC PARTNERS REAL ESTATE
Investment Insights
Based on property information with market context.
Located in Downtown Eureka, 326 I Street is a mixed-use building featuring office and retail spaces. The property includes four units totaling approximately 4,070 square feet on a 0.15-acre parcel. Secured on-site parking and alley access are available. Three units are currently occupied by established tenants, while one unit is vacant, presenting immediate lease-up potential. The property is zoned Central Commercial (CC), supporting a variety of professional and retail uses. Current rents are below market, with projected income of approximately $3,950 per month at stabilization. Historical financials show consistent performance with NOI around $35,000 annually.
Key Highlights
- Mixed‑use office/retail building in Downtown Eureka.
- Immediate lease‑up potential with one vacant unit.
- Secured on‑site parking and alley access.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.9k | $21.60 |
| − Vacancy | −$17.2k | −$4.23 |
| EGI | $70.7k | $17.37 |
| − OpEx | −$17.7k | −$4.34 |
| NOI | $53.0k | $13.02 |
4,070 SF · lease $21.60/SF/yr · vacancy 19.60% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.58M
NOI $95,067 @ 7.0% cap · market cap 15.98%
Second Best
Office B
$757.3K
$662.6K – $883.5K
NOI $53,011 @ 7.0% cap · market cap 8.91%
Theoretical Best
Flex RnD
$1.54M
$1.34M – $1.79M
NOI $107,590 @ 7.0% cap · market cap 18.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Blinds & Draperies Express
(Bike/Boat/Book/etc) Store
Tournament Keeper
Association / Organization
Hadley Investigations
Law Firm
Central Office The
Law Firm
The Central Office Copy ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with office and retail space for sale.
Where is this mixed-use property located?
The property is located at 326 I Street Eureka, CA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Mixed‑use office/retail building in Downtown Eureka.; Immediate lease‑up potential with one vacant unit.; Secured on‑site parking and alley access.
