Mixed-Use
For Sale
$7,050,000
1385 8th Street, Arcata, CA 95521
Commercial Sale, Arcata, CA
Property Size54,523 SF
Lot Size5.33 Acres
Price / SF$129.30
Days on Market773
Property Features for 1385 8th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Interior features
Handicap Access, Handicap Restroom
Accessibility
Accessible Approach with Ramp
Subdivision
North Bay
Standard status
Active
APN
021-174-012, 021-174-011 & 021-211-005
Size
54,523 SF
Lot size
5.33 Acres
Utilities
Utilities
Phone Available
Heating system
Forced Air, Natural Gas
Building Details
Floors in Building
2
Flooring type
Concrete, Carpet
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Wells Commercial R.E. & Investment
(707) 444-3624
Listed By:
David Wells · License #01700566
(707) 832-9121
Added: Aug 26, 2024
Changed: Oct 7
Last Checked: Oct 7 at 10:06AM
MLS# 267659
Copyright © 2026 Humboldt Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 54,523-square-foot mixed-use property contains office, medical, and warehouse space. The building sits on 5.33 acres divided among three parcels and is fully leased. Metal siding and roofing, carpet and concrete flooring, and forced-air natural gas heating are among its physical features. Accessibility features include a ramped approach and an accessible restroom.
The property is within the Arcata Gateway Project, where additional development options are noted. Holly Yashi, The Pub at The Creamery, and the Arcata Playhouse are nearby establishments.
The property is within the Arcata Gateway Project, where additional development options are noted. Holly Yashi, The Pub at The Creamery, and the Arcata Playhouse are nearby establishments.
Key Highlights
- 54,523‑square‑foot building with office, medical, and warehouse uses
- 5.33 acres across three parcels
- Fully leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$552,045
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,040,900
$11.0M
Cap Rate 7%
$7,886,357
$7.9M
Cap Rate 9%
$6,133,833
$6.1M
Market Conditions
NOI Build-Up for 54,523 SF
Gross rent
$981.4K $18.00/SF
− Vacancy
−$98.1K −$1.80/SF
EGI
$883.3K $16.20/SF
− OpEx
−$331.2K −$6.07/SF
NOI
$552.0K $10.13/SF
Area
Humboldt County, CA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,040,900
Cap Rate 7%
$7,886,357
Cap Rate 9%
$6,133,833
Alternative Uses
Best Use
Healthcare Medical
$12.90M
$11.29M – $15.05M
NOI $902,901 @ 7.0% cap · market cap 12.81%
Second Best
Office B
$10.15M
$8.88M – $11.84M
NOI $710,151 @ 7.0% cap · market cap 10.07%
Theoretical Best
Flex RnD
$20.59M
$18.02M – $24.02M
NOI $1,441,314 @ 7.0% cap · market cap 20.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,344
Businesses Nearby
Explore this area
Business Placement
Demographics for 95521, CA
21,581
Population
9,797
Households
2.2
Avg Household Size
30
Median Age
45%
College-Educated
95%
High-School Grad
60.4 sq mi
ZIP Area
357
Density / Sq Mi
$54,324
Median Household Income
$24,129
Median Earnings
$1,300
Median Rent
$478,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The fully leased building combines office, medical, and warehouse space across three parcels.
Where is this mixed-use property located?
The property is located at 1385 8th Street Arcata, CA.
What is the asking price?
The asking price for this property is $7,050,000.
What are key features of this property?
This property features: 54,523‑square‑foot building with office, medical, and warehouse uses; 5.33 acres across three parcels; Fully leased
