Mixed-Use Warehouse with
For Sale
$489,000
18651 Old Coast Highway, Fort Bragg, CA 95437
A separate one-bedroom apartment accompanies the warehouse, allowing residential space alongside the primary work area.
Property Size1,680 SF
Price / SF$291.07
Days on Market333
Property Features for 18651 Old Coast Highway
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Mixed Use
Additional Details
Property Use
Warehouse
Building Details
Building Size
1,680 SF
Year Built
1994
Listing Agency:
Mendo Sotheby's International Realty
Listed By:
MendoSIR · License #00453727
(707) 937-5822
Source:
Mendosothebysrealty
Added: Dec 1, 2025
Changed: Oct 29
Last Checked: Oct 29 at 2:48PM
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 Mendo Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This mixed-use property pairs a warehouse with a separate one-bedroom apartment. The 1,680-square-foot warehouse has high ceilings, concrete floors, and an open layout. Built in 1994, it provides a substantial work area, with residential space in a distinct unit.
The property is at 18651 Old Coast Highway in Fort Bragg, California, with access described as practical for deliveries, clients, and collaborators.
The property is at 18651 Old Coast Highway in Fort Bragg, California, with access described as practical for deliveries, clients, and collaborators.
Key Highlights
- 1,680‑square‑foot warehouse with an open layout
- Separate one‑bedroom apartment
- Warehouse features high ceilings and concrete floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,389
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,780
$487.8K
Cap Rate 7%
$348,414
$348.4K
Cap Rate 9%
$270,989
$271.0K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$37.9K $22.56/SF
− Vacancy
−$5.4K −$3.20/SF
EGI
$32.5K $19.36/SF
− OpEx
−$8.1K −$4.84/SF
NOI
$24.4K $14.52/SF
Area
Mendocino County, CA
Vacancy
14.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,780
Cap Rate 7%
$348,414
Cap Rate 9%
$270,989
Alternative Uses
Best Use
Office B
$348.4K
$304.9K – $406.5K
NOI $24,389 @ 7.0% cap · market cap 4.99%
Second Best
Mixed Use
$291.6K
$255.2K – $340.2K
NOI $20,412 @ 7.0% cap · market cap 4.17%
Theoretical Best
Flex RnD
$628.1K
$549.6K – $732.8K
NOI $43,967 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
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Business Placement
Demographics for 95437, CA
14,608
Population
7,654
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
86%
High-School Grad
177.4 sq mi
ZIP Area
82
Density / Sq Mi
$55,061
Median Household Income
$35,860
Median Earnings
$1,367
Median Rent
$541,400
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A separate one-bedroom apartment accompanies the warehouse, allowing residential space alongside the primary work area.
Where is this mixed-use property located?
The property is located at 18651 Old Coast Highway Fort Bragg, CA.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: 1,680‑square‑foot warehouse with an open layout; Separate one‑bedroom apartment; Warehouse features high ceilings and concrete floors
