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Building Details

Year Built 1968

Buildings 1

Building Size 2,508 SF

Listing Agency: W Real Estate

Listed By: Todd Schapmire · License #01414195 Show Phone

Source: Compass

Added: Sep 12, 2022 Changed: Oct 11 Last Checked: Oct 15 at 1:37AM

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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 W Real Estate

Investment Insights

Based on property information with market context.

This single-story mixed-use building contains 2,508 square feet on a 17,253-square-foot paved lot. The interior includes restrooms, office space, and a large open room with abundant windows, along with carpet, tile, and vinyl finishes. A wheelchair ramp provides accessible entry, and the property has a central system and partial dual-pane windows.

Located at 195 Low Gap Road in Ukiah, the property sits one block from State Street and near routes serving Ukiah High School and the County Administration Building. Its commercial zoning and open configuration support the existing layout while allowing consideration of office, retail, restaurant, or other commercial uses identified for the property. On-site parking is available across the paved lot.

Key Highlights

• 2,508 SF single‑story building on a 17,253 SF paved lot
• Commercial zoning with open interior configuration
• Interior includes restrooms, office space, and a large open room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,472

Cap Rate

4.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$609,440 $609.4K

Cap Rate 7%

$435,314 $435.3K

Cap Rate 9%

$338,578 $338.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,508 SF

Gross rent

$54.2K $21.60/SF

− Vacancy

−$5.4K −$2.16/SF

EGI

$48.8K $19.44/SF

− OpEx

−$18.3K −$7.29/SF

NOI

$30.5K $12.15/SF

Area

Mendocino County, CA

Vacancy

10.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$609,440

Cap Rate 7%

$435,314

Cap Rate 9%

$338,578

Alternative Uses

Best Use

Mixed Use

$435.3K

$380.9K – $507.9K (±1% cap)

NOI $30,472 @ 7.0% cap · market cap 4.69%

Second Best

—

—

no second resolved use

Theoretical Best

Flex RnD

$937.7K

$820.5K – $1.09M (±1% cap)

NOI $65,636 @ 7.0% cap · market cap 10.10%

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

Property Analytics

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Open Analytics

Current Use

Churches & religious facilities

Suggested Use

Top Pick Bakery (Bike/Boat/Book/etc) Store Locksmith Catering Service Grocery & Convenience Store HVAC Service

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

953

Businesses Nearby

Explore this area Business Placement

Demographics for 95482, CA

33,276

Population

13,143

Households

2.5

Avg Household Size

39

Median Age

21%

College-Educated

84%

High-School Grad

294.2 sq mi

ZIP Area

113

Density / Sq Mi

$70,063

Median Household Income

$38,707

Median Earnings

$1,335

Median Rent

$473,000

Median Home Value

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercially zoned, single-story building with restrooms, offices, and an adaptable open interior.

Where is this mixed-use property located?

The property is located at 195 Low Gap Road Ukiah, CA.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: 2,508 SF single‑story building on a 17,253 SF paved lot; Commercial zoning with open interior configuration; Interior includes restrooms, office space, and a large open room