Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Building Details

Buildings 1

Listing Agency: RE/MAX HUMBOLDT REALTY Show Phone

Listed By: NORMAN ERIC DAY

Source: Corcoran

Added: Oct 25, 2025 Changed: Oct 1 Last Checked: Oct 14 at 11:23PM

Report an Issue

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 RE/MAX HUMBOLDT REALTY

Investment Insights

Based on property information with market context.

This mixed-use property combines an approximately 1,000-square-foot commercial area with an attached two-unit ADU arrangement. The commercial portion has multiple entrances, storage, and existing plumbing for two bathrooms. Residential accommodations include a downstairs studio and an upstairs one-bedroom, one-bath unit.

The property has street frontage and off-street parking with access from Highway 101 North and South via 4th Street and 5th Street. The offering includes two parcels: APN 001-224-017 and APN 001-224-018. Its combination of commercial space and attached residential units supports a range of potential configurations within the existing improvements.

Key Highlights

• Approximately 1,000‑square‑foot commercial space
• Attached ADUs include a downstairs studio and an upstairs 1bed/1bath unit
• Commercial area features multiple entrances, storage, and plumbing for two bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,358

Cap Rate

7.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$467,160 $467.2K

Cap Rate 7%

$333,686 $333.7K

Cap Rate 9%

$259,533 $259.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,000 SF

Gross rent

$37.2K $37.20/SF

− Vacancy

−$3.8K −$3.83/SF

EGI

$33.4K $33.37/SF

− OpEx

−$10.0K −$10.01/SF

NOI

$23.4K $23.36/SF

Area

Humboldt County, CA

Vacancy

10.30%

Lease Rate

$37.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$467,160

Cap Rate 7%

$333,686

Cap Rate 9%

$259,533

Alternative Uses

Best Use

Retail

$333.7K

$292.0K – $389.3K (±1% cap)

NOI $23,358 @ 7.0% cap · market cap 7.92%

Second Best

Multifamily LT 5

$184.8K

$161.7K – $215.6K (±1% cap)

NOI $12,938 @ 7.0% cap · market cap 4.39%

Theoretical Best

Flex RnD

$377.6K

$330.4K – $440.6K (±1% cap)

NOI $26,435 @ 7.0% cap · market cap 8.96%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Perris Construction Construction Company

Suggested Use

Top Pick Storage Facility Veterinary Clinic Home Appliance Store Catering Service HVAC Service Pet Grooming 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.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,158

Businesses Nearby

Explore this area Business Placement

Demographics for 95501, CA

23,323

Population

10,577

Households

2.2

Avg Household Size

38

Median Age

34%

College-Educated

90%

High-School Grad

7.3 sq mi

ZIP Area

3,195

Density / Sq Mi

$55,076

Median Household Income

$34,476

Median Earnings

$1,151

Median Rent

$389,900

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Similar For Sale Nearby

See more

Duplex with Upper-Level ADU

1027 D Street, Eureka, CA 95501

$329,900

1,680 SF

View details

Eureka Retail Property For Sale

2626 Myrtle Avenue, Eureka, CA 95501

$995,000

1,262 SF

View details

Retail Building with Adjacent Lots

1806 4th Street, Eureka, CA 95501

$275,000

2,442 SF

View details

Duplex with Rear Studio

1845 Myrtle Avenue, Eureka, CA 95501

$399,999

2,072 SF

View details

Mixed-Use Retail and Residential Property

511 + 515 Henderson Street, Eureka, CA 95501

$550,000

2,510 SF

View details

Four-Unit Mixed-Use Property

318 W Harris Street, Eureka, CA 95503

$379,000

4,000 SF

View details

Auto Shop With Highway Frontage

1314 Broadway Street, Eureka, CA 95501

$990,000

2,348 SF

View details

Mixed-Use Building in Downtown Eureka

326 I Street, Eureka, CA 95501

$595,000

4,070 SF

View details

Mixed-Use Property with Residential Unit

510 W Buhne Street, Eureka, CA 95501

$590,000

5,662 SF

View details

Two-Story Mixed-Use Building

4 7th Street, Eureka, CA 95501

$775,000

6,480 SF

View details

Eureka Commercial Building on Hwy 101

535 5th Street, Eureka, CA 95501

$639,000

9,162 SF

View details

Multi-Tenant Storefront Building

533 F Street, Eureka, CA 95501

$925,000

14,162 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial area includes multiple entrances, storage, and plumbing for bathrooms.

Where is this mixed-use property located?

The property is located at 1515 5th Street Eureka, CA.

What is the asking price?

The asking price for this property is $295,000.

What are key features of this property?

This property features: Approximately 1,000‑square‑foot commercial space; Attached ADUs include a downstairs studio and an upstairs 1bed/1bath unit; Commercial area features multiple entrances, storage, and plumbing for two bathrooms