Flex Space with Loading
For Sale
$550,000
906 Redwood Drive, Garberville, CA 95542
Includes a showroom/retail area, loading dock, warehouse, and four remodeled offices under current rental use.
Property Size4,600 SF
Price / SF$119.57
Days on Market1278
Property Features for 906 Redwood Drive
General Information
Standard status
Active
Size
4,600 SF
Property subtype
Commercial
Amenities
Propane Heating
Wood Flooring
Listing Agency:
EEL RIVER REALTY
(707) 223-5583
Listed By:
MARYJO DREWS
Source:
Corcoran
Added: Apr 8, 2023
Changed: Oct 1
Last Checked: Oct 5 at 6:56PM
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 EEL RIVER REALTY
Investment Insights
Based on property information with market context.
This commercial flex property offers a combined showroom/retail space and warehouse configuration, supported by four recently remodeled offices. The setup includes a loading dock that leads into a warehouse, while the offices feature plenty of light, new carpet, and fresh paint. Additional improvements include an upstairs kitchen, a new bathroom, and a waiting area for the office space.
The building is located in downtown Garberville and is presented with recent exterior and building updates, including a new vinyl roof, new hardiplank siding on the storefront, and eco-friendly denim insulation. The property is zoned C-2, Community Commercial, supporting a range of potential uses as described in the listing.
With showroom/retail, warehouse, office space, and loading access in one structure, the layout is designed to accommodate mixed operational needs under the current configuration.
The building is located in downtown Garberville and is presented with recent exterior and building updates, including a new vinyl roof, new hardiplank siding on the storefront, and eco-friendly denim insulation. The property is zoned C-2, Community Commercial, supporting a range of potential uses as described in the listing.
With showroom/retail, warehouse, office space, and loading access in one structure, the layout is designed to accommodate mixed operational needs under the current configuration.
Key Highlights
- Downtown Garberville commercial building with 4,542 SF total space
- Includes 1,065 SF showroom/retail area plus loading dock to 2,264 SF warehouse
- Four recently remodeled offices are rented for $2,400/month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,586
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,720
$651.7K
Cap Rate 7%
$465,514
$465.5K
Cap Rate 9%
$362,067
$362.1K
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$41.4K $9.00/SF
− Vacancy
−$3.1K −$0.67/SF
EGI
$38.3K $8.33/SF
− OpEx
−$5.8K −$1.25/SF
NOI
$32.6K $7.08/SF
Area
Humboldt County, CA
Vacancy
7.40%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,720
Cap Rate 7%
$465,514
Cap Rate 9%
$362,067
Alternative Uses
Best Use
Flex RnD
$1.74M
$1.52M – $2.03M
NOI $121,601 @ 7.0% cap · market cap 22.11%
Second Best
Retail
$1.53M
$1.34M – $1.79M
NOI $107,446 @ 7.0% cap · market cap 19.54%
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
304
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95542, CA
2,519
Population
1,429
Households
1.8
Avg Household Size
46
Median Age
21%
College-Educated
84%
High-School Grad
219.5 sq mi
ZIP Area
11
Density / Sq Mi
$45,049
Median Household Income
$31,250
Median Earnings
$1,442
Median Rent
$413,800
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- J Catering — 921 Redwood Dr, Garberville, CA 95542
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Frequently Asked Questions
What type of property is this?
Flex space - Includes a showroom/retail area, loading dock, warehouse, and four remodeled offices under current rental use.
Where is this flex space located?
The property is located at 906 Redwood Drive Garberville, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Downtown Garberville commercial building with 4,542 SF total space; Includes 1,065 SF showroom/retail area plus loading dock to 2,264 SF warehouse; Four recently remodeled offices are rented for $2,400/month
