Old Town Eureka Commercial
For Sale
$1,450,000
218 D St, Eureka, CA 95501
Versatile commercial building in Old Town Eureka, ideal for various uses.
Property Size10,000 SF
Lot Size0.20 Acres
Price / SF$145
Days on Market831
Property Features for 218 D St
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.20 Acres
Listing Agency:
Ming Tree, Inc.
(707) 407-7806
Listed By:
Rollin Trehearne · License #02136305
(707) 407-7806
Source:
Exprealty
Added: May 4, 2024
Changed: Aug 8
Last Checked: Aug 8 at 1:27PM
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 Ming Tree, Inc.
Investment Insights
Based on property information with market context.
Located in Old Town Eureka, this commercial property offers approximately 10,000 square feet of space. The solid building has been under single-family ownership since 1915. The property is suitable for a variety of uses, including a restaurant, bar, retail space, manufacturing, or wholesale production. It is also potentially suitable for vacation rentals. The property is equipped with grills and linens. The owner may consider carrying a small portion of the transaction.
Key Highlights
- Nearly 10,000 sq. ft. solid building in Old Town Eureka.
- Versatile property suitable for restaurant, bar, retail, manufacturing, wholesale, or vacation rentals.
- Turnkey property fully equipped with grills and linens.
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
$58,338
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
4.02%
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%
$1,166,760
$1.2M
Cap Rate 7%
$833,400
$833.4K
Cap Rate 9%
$648,200
$648.2K
Market Conditions
NOI Build-Up for 10,000 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
$90.0K $9.00/SF
− Vacancy
−$6.7K −$0.67/SF
EGI
$83.3K $8.33/SF
− OpEx
−$25.0K −$2.50/SF
NOI
$58.3K $5.83/SF
Area
Humboldt County, CA
Vacancy
7.40%
Lease Rate
$9.00 /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%
$1,166,760
Cap Rate 7%
$833,400
Cap Rate 9%
$648,200
Alternative Uses
Best Use
Specialty Retail
$3.58M
$3.13M – $4.17M
NOI $250,263 @ 7.0% cap · market cap 17.26%
Second Best
Retail
$3.34M
$2.92M – $3.89M
NOI $233,579 @ 7.0% cap · market cap 16.11%
Theoretical Best
Flex RnD
$3.78M
$3.30M – $4.41M
NOI $264,350 @ 7.0% cap · market cap 18.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,863
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Caroline’s TX BBQ — 841 W 14th St, Eureka, CA 95501
Frequently Asked Questions
What type of property is this?
Restaurant - Versatile commercial building in Old Town Eureka, ideal for various uses.
Where is this restaurant located?
The property is located at 218 D St Eureka, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Nearly 10,000 sq. ft. solid building in Old Town Eureka.; Versatile property suitable for restaurant, bar, retail, manufacturing, wholesale, or vacation rentals.; Turnkey property fully equipped with grills and linens.
