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    Versatile Live-Work and Office Building Title is generated by Realmo AI

    231 H Street, Blue Lake, CA 95525

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    For Sale
    $384,900

    Currently operating as a preschool with private offices, reception, and full kitchen, adaptable for office, events, or live-work use.

    Type:Commercial
    Property size:
    2,303 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $167/SF
    Added:
    Jun 17, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 20 at 10:18 am

    Property Features for 231 H Street

    General Information

    Standard status
    Active
    Size
    2,303 SF
    Lot size
    0.23 Acres
    Property subtype
    Commercial

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    TRACY HELARD-SHUMARD

    Listing office COLDWELL BANKER CUTTEN REALTY

    Listing date Jun 17, 2026

    Source Corcoran

    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 COLDWELL BANKER CUTTEN REALTY

    HighLights

    • Over 2,300 SF of usable space currently operating as a preschool
    • Includes three private offices and a reception area
    • Full kitchen, bathroom, and storage room, plus abundant additional storage throughout
    • Versatile layout adaptable for office, event use, or live‑work options
    • More than 0.23 acres with views of Blue Lake and surrounding hills

    Overview

    This well-built property is currently operating as a preschool and includes a layout that can transition to other business or community uses. Inside, you’ll find three private offices, a reception area, a full kitchen, a bathroom, and both a dedicated storage room and abundant additional storage throughout. The overall interior setup supports day-to-day operations while also offering flexibility for an owner-operator, professional offices, or other creative formats.

    Set on more than 0.23 acres, the building offers views of Blue Lake and the surrounding hills, providing a distinctive backdrop for work, gathering, or a live-work arrangement. The property is also described as adjacent to another parcel where a church is for sale, allowing for the possibility of purchasing both together.

    For buyers or operators looking for a functional, adaptable building, the combination of private office space, reception, kitchen, and multiple storage areas can support a range of uses beyond education. With its current preschool operation and thoughtfully included support spaces, the property may appeal to users who want an established interior framework while retaining the option to reposition the space for professional services, community programming, or an event-oriented setting.

    Local Financial Insights For Office B

    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 $49.7k $21.60
    − Vacancy −$9.7k −$4.23
    EGI $40.0k $17.37
    − OpEx −$10.0k −$4.34
    NOI $30.0k $13.02
    2,303 SF · lease $21.60/SF/yr · vacancy 19.60% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $428.5K
    $375.0K – $499.9K (±1% cap)
    NOI $29,996 @ 7.0% cap · market cap 7.79%
    Second Best
    Mixed Use
    $333.1K
    $291.5K – $388.6K (±1% cap)
    NOI $23,318 @ 7.0% cap · market cap 6.06%
    Theoretical Best
    Flex RnD
    $869.7K
    $761.0K – $1.01M (±1% cap)
    NOI $60,880 @ 7.0% cap · market cap 15.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Restaurant Big Box & Wholesale Store Law Firm Auto Repair Shop Hotel & Motel Pharmacy Spa & Massage Center Gym & Fitness Center Department Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Blue Lake
    County
    Humboldt
    State
    California
    Longitude
    -123.822
    Latitude
    40.9334

    FAQs

    What type of property is this?
    School - Currently operating as a preschool with private offices, reception, and full kitchen, adaptable for office, events, or live-work use.
    Where is this school located?
    The property is located at 231 H Street Blue Lake, CA.
    What is the asking price?
    The asking price for this property is $384,900.
    What are key features of this property?
    This property features: Over 2,300 SF of usable space currently operating as a preschool; Includes three private offices and a reception area; Full kitchen, bathroom, and storage room, plus abundant additional storage throughout
    More about this property
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