1550 N Lovers Lane Ukiah, CA 95482
SINGLE_FAMILY - Ukiah, CA
Property Features for 1550 N Lovers Lane
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- I1
- Parking features
- Open
- 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 agent Todd Schapmire License #01414195 (707) 570-9855
Listing office W Real Estate 500 Bicentennial Wy St 310, Santa Rosa, CA (707) 591-0570
Listing date Jul 13, 2026
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Investment Insights
Based on property information with market context.
The premises is immediately off the freeway’s popular North State Street exit and is described as having Highway 101 visibility. The listing remarks indicate an average of 40,000+ vehicles per day, along with pedestrian activity connected to nearby shopping.
Zoned I1, the property is approximately 4,200 square feet improved and is positioned for renovation or redevelopment, as noted in the remarks. The building was formerly Jensen’s Restaurant.
Key Highlights
- Approximately 4,200 SF former restaurant building with multiple dining areas, entryways, and a banquet room
- Commercial kitchen plus service counter, restrooms, and additional space in the gated patio outside
- 0.62‑acre corner lot with multiple entrances and a generous onsite parking lot
Local Financial Insights For Specialty Retail
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 | $156.2k | $37.20 |
| − Vacancy | −$16.1k | −$3.83 |
| EGI | $140.1k | $33.37 |
| − OpEx | −$35.0k | −$8.34 |
| NOI | $105.1k | $25.03 |
