Mixed-Use Office Medical Warehouse
For Sale
$7,390,000
1385 8th Street, Arcata, CA 95521
COMMERCIAL - Arcata, CA
Property Size54,523 SF
Lot Size5.33 Acres
Price / SF$135.54
Days on Market734
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
Size
54,523 SF
Lot size
5.33 Acres
Building Details
Floors in Building
2
Flooring type
Carpet, Concrete
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: Aug 4
Last Checked: Aug 29 at 11:06PM
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.
The property is a 54,523-square-foot mixed-use building with space ranging from office and medical to warehouse use. It is situated on 5.33 acres on three parcels and is located within the Arcata Gateway Project, which the listing notes provides opportunities for additional development.
The property is fully leased and the public remarks indicate over $54,000 in monthly income. Nearby establishments named in the remarks include Holly Yashi, The Pub at The Creamery, and the Arcata Playhouse. The listing also notes the property could be suitable for a 1031 exchange.
The property is fully leased and the public remarks indicate over $54,000 in monthly income. Nearby establishments named in the remarks include Holly Yashi, The Pub at The Creamery, and the Arcata Playhouse. The listing also notes the property could be suitable for a 1031 exchange.
Key Highlights
- 54,523 SF mixed‑use building with office, medical, and warehouse space
- 5.33 acres on three parcels within the Arcata Gateway Project, offering additional development options
- Fully leased property with over $54,000 in monthly income
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
$552,045
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
7.47%
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%
$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
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
$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 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%
$11,040,900
Cap Rate 7%
$7,886,357
Cap Rate 9%
$6,133,833
Alternative Uses
Best Use
Office B
$10.15M
$8.88M – $11.84M
NOI $710,151 @ 7.0% cap · market cap 9.61%
Second Best
Mixed Use
$7.89M
$6.90M – $9.20M
NOI $552,045 @ 7.0% cap · market cap 7.47%
Theoretical Best
Flex RnD
$20.59M
$18.02M – $24.02M
NOI $1,441,314 @ 7.0% cap · market cap 19.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with office, medical, and warehouse components on 5.33 acres 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 $7,390,000.
What are key features of this property?
This property features: 54,523 SF mixed‑use building with office, medical, and warehouse space; 5.33 acres on three parcels within the Arcata Gateway Project, offering additional development options; Fully leased property with over $54,000 in monthly income
