Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Ocean View Parcel in Mendocino Title is generated by Realmo AI

    14250 Polaris Circle, Mendocino, CA 95460

    View on Map
    Claim this Listing
    For Sale
    $345,000

    Land/Lot - Mendocino, CA

    Lot size:
    34,848.00 Acres
    Added:
    Mar 18, 2026
    Days on Market:
    74
    Last Refresh:
    May 30 at 3:06 pm

    Property Features for 14250 Polaris Circle

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RR5(1):R
    Exterior features
    Community Features Included: Biking, Hiking
    Standard status
    Active
    APN
    1183603200
    Lot size
    34,848.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michelle Deering

    Listing agent Michelle Deering License #01436398

    Listing office Century 21 Fort Bragg Realty 809 North Main Street, Fort Bragg, CA

    Listing date Mar 18, 2026

    MLS# C1-11298 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Ocean view parcel in desirable Caspar South neighborhood.
    • Easy hookups to Caspar South mutual water and septic system.
    • Level building site with Monterey pines.
    • Significant groundwork completed towards home installation.
    • Community greenbelt trail to ocean bluff and Pt. Cabrillo Lighthouse.
    • Plans available separately for a 4‑bedroom Cavco Smart Home with attached garage.

    Overview

    This 0.8-acre parcel is located in the Caspar South neighborhood and offers ocean views. The property benefits from easy hookups to the Caspar South mutual water and septic system, which provides water and ample storage. A community greenbelt trail to the scenic ocean bluff borders the property, and the Pt. Cabrillo Lighthouse is accessible via a picturesque hike along the Pacific. The property features a stand of Monterey pines, filtered ocean views, and a level building site. Parcels in Caspar South are typically "Categorically Exempt" from the Coastal Review process. The current owners have invested over $150,000 toward plans for a thoughtfully designed Cavco Smart Home--a factory-built residence with 4 bedrooms, 2.5 baths, and an attached garage. The timeless design emphasizes clean lines, comfort, and a strong connection to the surrounding landscape. These plans are available separately for $100,000. Significant groundwork has already been completed towards the installation of a custom home for the property. This presents an opportunity to step into a well-prepared project with key elements already in place, including site preparation and substantial monetary credit for deposits and site prep. This property is suitable for building a custom dream home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Food Market Hotel & Motel Travel Agency Acupuncture Bed & Breakfast Farmer's Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mendocino
    County
    Mendocino
    State
    California
    Longitude
    -123.819885
    Latitude
    39.35742

    Nearby Similar for Sale

    • $2,995,000

      Iconic Mendocino Village Landmark

      Historic mixed-use building in central Mendocino with modern upgrades.
      45094 Main Street, Mendocino, CA 95460
      View Details
    • $2,950,000
      3,235 SF

      Mendocino Mixed-Use Property with Business

      Unique mixed-use property with residence, commercial space, and thriving business.
      45070 Main Street, Mendocino, CA 95460
      View Details
    • $2,250,000
      7,378 SF

      Mendocino Main Street Trophy Property

      Commercial property with multiple buildings and tenants in Mendocino, CA.
      45040 Main Street, Mendocino, CA 95460
      View Details
    • $175,000

      Pristine Acre Lot Near Mendocino

      Residential parcel near Mendocino village with redwood canopy.
      Law Road, Mendocino, CA 95460
      View Details
    • $112,000

      Mendocino Land/Lot Opportunity

      Desirable parcel near Mendocino Headlands, ideal for coastal retreat.
      44068 Ocean Vista Court, Mendocino, CA 95460
      View Details
    • $1,850,000

      Mendocino Specialty Property For Sale

      Specialty property available for purchase in Mendocino, California.
      44920 Little Lake Rd, Mendocino, CA 95460
      View Details
    • $450,000

      Mendocino Coastal Land Opportunity

      10 acres near Big River Beach with water and power.
      43535 Comptche Ukiah, Mendocino, CA 95460
      View Details
    • $305,000

      Mendocino Coast Ocean View Parcel

      1.03 acre ocean view parcel near Mendocino, California.
      44821 Baywood, Mendocino, CA 95460
      View Details
    • $1,500,000
      5,780 SF

      Historic Mendocino Investment Opportunity

      Prime Mendocino commercial property with strong rental income.
      10470 Lansing Street, Mendocino, CA 95460
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Coastal land with ocean views and potential for custom home.
    Where is this residential land & home lot located?
    The property is located at 14250 Polaris Circle Mendocino, CA.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: Ocean view parcel in desirable Caspar South neighborhood.; Easy hookups to Caspar South mutual water and septic system.; Level building site with Monterey pines.
    (707) 357-1061
    We can help!
    Listing Contact
    Michelle Deering
    Real Estate License ID: 01436398
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    14250 Polaris Circle, Mendocino, CA 95460
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!