Mixed-Use Office Medical Warehouse
1385 8th Street Arcata, CA 95521
1385 8th Street, Arcata, CA, 95521
$7,390,000
For Sale
$7,390,000
COMMERCIAL - Arcata, CA
Property Size54,523 SF
Lot Size5.33 Acres
Price / SF$135.54
Days on Market691
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
- Standard status
- Active
- Size
- 54,523 SF
- Lot size
- 5.33 Acres
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
P O Box 783, Bayside, CA
Listed by
David Wells · License #01700566
(707) 832-9121
Added: Aug 26, 2024 Checked: Jul 17 at 3:06 am
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
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $981.4k | $18.00 |
| − Vacancy | −$98.1k | −$1.80 |
| EGI | $883.3k | $16.20 |
| − OpEx | −$331.2k | −$6.07 |
| NOI | $552.0k | $10.13 |
54,523 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Healthcare Medical
$12.90M
$11.29M – $15.05M
NOI $902,901 @ 7.0% cap · market cap 12.22%
Second Best
Office B
$10.15M
$8.88M – $11.84M
NOI $710,151 @ 7.0% cap · market cap 9.61%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
FedEx Ground
Trucking Company
Community Alliance With ...
Food Market
Law Offices of Paul ...
Law Firm
ChargePoint Charging Station
Electric Vehicle Charging Station
Greenway Partners
Construction Company
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FAQs
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
