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Listing Agency: MING TREE, INC. Show Phone

Listed By: LARRY O. DOSS · License #01196417 Show Phone

Source: Corcoran

Added: Jun 3 Changed: Oct 1 Last Checked: Oct 14 at 10:55PM

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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 commercial shop building occupies two parcels and measures 2,348 square feet. The property offers 125 feet along Highway 101, supplemented by 119.5 feet of frontage on Cedar Street. A billboard lease transfers with the sale, providing an additional property component for the next owner.

The building’s automotive-oriented configuration and dual-frontage position support continued shop use, while the highway and side-street presence provide two distinct public-facing edges. The property is located at 1314 Broadway Street in Eureka, California.

Key Highlights

• 2,348‑square‑foot commercial shop building
• 125 feet of frontage along Highway 101
• Additional 119.5 feet of side‑street frontage on Cedar Street

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,844

Cap Rate

5.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,096,880 $1.1M

Cap Rate 7%

$783,486 $783.5K

Cap Rate 9%

$609,378 $609.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,348 SF

Gross rent

$87.3K $37.20/SF

− Vacancy

−$9.0K −$3.83/SF

EGI

$78.3K $33.37/SF

− OpEx

−$23.5K −$10.01/SF

NOI

$54.8K $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 Rate 5%

$1,096,880

Cap Rate 7%

$783,486

Cap Rate 9%

$609,378

Alternative Uses

Best Use

Retail

$783.5K

$685.6K – $914.1K (±1% cap)

NOI $54,844 @ 7.0% cap · market cap 5.54%

Second Best

Industrial

$195.7K

$171.2K – $228.3K (±1% cap)

NOI $13,698 @ 7.0% cap · market cap 1.38%

Theoretical Best

Flex RnD

$886.7K

$775.9K – $1.03M (±1% cap)

NOI $62,069 @ 7.0% cap · market cap 6.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Dan's Auto Electric ... Auto Repair Shop

Suggested Use

Top Pick Dental Office Computer & Electronic Repair Catering Service Florist Real Estate Agency (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

675

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

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

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Similar Off Market Nearby

• Ed's Custom Auto & 4 Wheel Drive Repair — 3102 Pine St, Eureka, CA 95503
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• Eureka Tire Services — 2940 Broadway St, Eureka, CA 95501
• Double D Enterprises Eureka — 2940 broadway st ste 7, eureka, ca 95501

Frequently Asked Questions

What type of property is this?

Auto shop - Commercial shop building with exposure along a major highway and an additional side-street connection.

Where is this auto shop located?

The property is located at 1314 Broadway Street Eureka, CA.

What is the asking price?

The asking price for this property is $990,000.

What are key features of this property?

This property features: 2,348‑square‑foot commercial shop building; 125 feet of frontage along Highway 101; Additional 119.5 feet of side‑street frontage on Cedar Street