Auto Shop With Highway
For Sale
$990,000
1314 Broadway Street, Eureka, CA 95501
Commercial shop building with exposure along a major highway and an additional side-street connection.
Property Size2,348 SF
Price / SF$421.64
Days on Market90
Property Features for 1314 Broadway Street
General Information
Standard status
Active
Size
2,348 SF
Property subtype
Commercial
Amenities
Concrete Flooring
Listing Agency:
MING TREE, INC.
(707) 445-4500
Listed By:
LARRY O. DOSS · License #01196417
Source:
Corcoran
Added: Jun 3
Changed: Aug 30
Last Checked: Aug 30 at 7:46PM
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.
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 = 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
$54,844
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
5.54%
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%
$1,096,880
$1.1M
Cap Rate 7%
$783,486
$783.5K
Cap Rate 9%
$609,378
$609.4K
Market Conditions
NOI Build-Up for 2,348 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
$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 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%
$1,096,880
Cap Rate 7%
$783,486
Cap Rate 9%
$609,378
Alternative Uses
Best Use
Retail
$783.5K
$685.6K – $914.1K
NOI $54,844 @ 7.0% cap · market cap 5.54%
Second Best
Industrial
$195.7K
$171.2K – $228.3K
NOI $13,698 @ 7.0% cap · market cap 1.38%
Theoretical Best
Flex RnD
$886.7K
$775.9K – $1.03M
NOI $62,069 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
