Mixed-Use Building with
For Sale
$310,000
1515 5th Street, Eureka, CA 95501
Commercial area includes multiple entrances, storage, and plumbing for bathrooms.
Property Size1,000 SF
Price / SF$310
Days on Market311
Property Features for 1515 5th Street
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Listing Agency:
RE/MAX HUMBOLDT REALTY
(707) 822-2955
Listed By:
NORMAN ERIC DAY
Source:
Corcoran
Added: Oct 25, 2025
Changed: Aug 30
Last Checked: Aug 30 at 5:42PM
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.
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 = 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
$23,358
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
7.53%
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%
$467,160
$467.2K
Cap Rate 7%
$333,686
$333.7K
Cap Rate 9%
$259,533
$259.5K
Market Conditions
NOI Build-Up for 1,000 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
$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 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%
$467,160
Cap Rate 7%
$333,686
Cap Rate 9%
$259,533
Alternative Uses
Best Use
Retail
$333.7K
$292.0K – $389.3K
NOI $23,358 @ 7.0% cap · market cap 7.53%
Second Best
Multifamily LT 5
$184.8K
$161.7K – $215.6K
NOI $12,938 @ 7.0% cap · market cap 4.17%
Theoretical Best
Flex RnD
$377.6K
$330.4K – $440.6K
NOI $26,435 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 $310,000.
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
