Restaurant Property with
For Sale
Under Contract
$1,500,000
1550 N Lovers Lane, Ukiah, CA 95482
Commercial Sale, Ukiah, CA
Property Size4,200 SF
Lot Size0.62 Acres
Price / SF$357.14
Days on Market95
Property Features for 1550 N Lovers Lane
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
I1
Parking features
Open
Lot features
Corner Lot
Directions
Hwy 101 to N State St exit. South on N State Street. First right on Lovers Lane. Building is on the left.
Subdivision
Ukiah
Standard status
Active Under Contract
APN
1701201100
Lot size
0.62 Acres
Building Details
Year built
1963
Floors in Building
1
Flooring type
Tile, Carpet
Listing Agency:
W Real Estate
(707) 591-0570
Listed By:
Todd Schapmire · License #01414195
(707) 570-9855
Added: Jul 13
Changed: Oct 8
Last Checked: Oct 15 at 8:06PM
MLS# 325046917
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This restaurant property occupies a 0.62-acre corner parcel and includes an approximately 4,200-square-foot building. Interior features include multiple dining areas and entrances, a banquet room, service counter, commercial kitchen, and restrooms. A gated patio extends the usable area outdoors, while open on-site parking and multiple property entrances support access. The building dates to 1963, and the site is zoned I1.
The property is near Highway 101 and the North State Street freeway exit in Ukiah. The source reports average daily traffic of more than 40,000 vehicles on the highway. Nearby shopping is also noted in the surrounding area.
The property is near Highway 101 and the North State Street freeway exit in Ukiah. The source reports average daily traffic of more than 40,000 vehicles on the highway. Nearby shopping is also noted in the surrounding area.
Key Highlights
- Approximately 4,200 square feet on a 0.62‑acre corner parcel
- Restaurant layout includes multiple dining areas, a banquet room, service counter, kitchen, and restrooms
- Gated patio, open on‑site parking, and multiple entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,110
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,102,200
$2.1M
Cap Rate 7%
$1,501,571
$1.5M
Cap Rate 9%
$1,167,889
$1.2M
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$156.2K $37.20/SF
− Vacancy
−$16.1K −$3.83/SF
EGI
$140.1K $33.37/SF
− OpEx
−$35.0K −$8.34/SF
NOI
$105.1K $25.03/SF
Area
Mendocino County, CA
Vacancy
10.30%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,102,200
Cap Rate 7%
$1,501,571
Cap Rate 9%
$1,167,889
Alternative Uses
Best Use
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $105,110 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.57M
$1.37M – $1.83M
NOI $109,916 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
40,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
244k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 21%
Groceries 19%
Home Improvements & Furnishings 8%
In-N-Out Burger
Dining
43,902 visits/mo
0.1 miles
Raley's
Groceries
34,291 visits/mo
0.1 miles
Taco Bell
Dining
18,300 visits/mo
0.3 miles
McDonald's
Dining
18,287 visits/mo
0.1 miles
Speedway
Shops & Services
17,478 visits/mo
0.1 miles
Demographics for 95482, CA
33,276
Population
13,143
Households
2.5
Avg Household Size
39
Median Age
21%
College-Educated
84%
High-School Grad
294.2 sq mi
ZIP Area
113
Density / Sq Mi
$70,063
Median Household Income
$38,707
Median Earnings
$1,335
Median Rent
$473,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - An existing commercial kitchen, banquet room, and gated outdoor area support restaurant use.
Where is this conventional restaurant located?
The property is located at 1550 N Lovers Lane Ukiah, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 4,200 square feet on a 0.62‑acre corner parcel; Restaurant layout includes multiple dining areas, a banquet room, service counter, kitchen, and restrooms; Gated patio, open on‑site parking, and multiple entrances
