Building Details

Floors in Building 1

Listing Agency: North Country Boonville Show Phone

Listed By: Anne L Fashauer · License #01841891 Show Phone

Added: Jun 10 Changed: Oct 8 Last Checked: Oct 14 at 12:06AM

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MLS# 325101635

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Investment Insights

Based on property information with market context.

The 1.3-acre property contains separate retail and warehouse buildings. The 1,900 SF retail space is operating as a market and includes a commercial kitchen and water filtration system. The 4,000 SF warehouse is arranged as three separately metered units; two are leased and one is vacant. The property also has a production well, a destination car charging station, and septic service.

Located on CA-128, the site has highway frontage and on-site parking. Its C1 zoning and mix of retail and warehouse space are complemented by the existing tenant occupancy and vacant warehouse unit.

Key Highlights

• Two buildings on a 1.3‑acre site
• 1,900 SF retail space operating as a market, with a commercial kitchen and water filtration system
• 4,000 SF warehouse divided into three separately metered units; two leased and one vacant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,600

Cap Rate

5.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$972,000 $972.0K

Cap Rate 7%

$694,286 $694.3K

Cap Rate 9%

$540,000 $540.0K

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$86.4K $21.60/SF

− Vacancy

−$8.6K −$2.16/SF

EGI

$77.8K $19.44/SF

− OpEx

−$29.2K −$7.29/SF

NOI

$48.6K $12.15/SF

Area

Mendocino County, CA

Vacancy

10.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$972,000

Cap Rate 7%

$694,286

Cap Rate 9%

$540,000

Alternative Uses

Best Use

Specialty Retail

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $100,105 @ 7.0% cap · market cap 11.25%

Second Best

Mixed Use

$694.3K

$607.5K – $810.0K (±1% cap)

NOI $48,600 @ 7.0% cap · market cap 5.46%

Theoretical Best

Flex RnD

$1.50M

$1.31M – $1.74M (±1% cap)

NOI $104,682 @ 7.0% cap · market cap 11.76%

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

Grocery and convenience stores

Lease Details

Multi-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Explore this area Business Placement

Demographics for 95463, CA

218

Population

70

Households

3.1

Avg Household Size

48

Median Age

100%

High-School Grad

7.2 sq mi

ZIP Area

30

Density / Sq Mi

$66,071

Median Earnings

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - A C1-zoned site combines retail and warehouse buildings with on-site parking.

Where is this mixed-use property located?

The property is located at 1810 Ca-128 Highway Navarro, CA.

What is the asking price?

The asking price for this property is $890,000.

What are key features of this property?

This property features: Two buildings on a 1.3‑acre site; 1,900 SF retail space operating as a market, with a commercial kitchen and water filtration system; 4,000 SF warehouse divided into three separately metered units; two leased and one vacant