244 S Main Willits, CA 95490
Two buildings with business, liquor license, and income potential.
Property Features for 244 S Main
General Information
- Standard status
- Active
- Size
- 5,134 SF
Building Details
- Year Built
- 1951
Listing office COLDWELL BANKER MENDO REALTY (707) 459-5389
Listing date Jun 3, 2025
Source Corcoran
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Investment Insights
Based on property information with market context.
Key Highlights
- Two buildings on two separate parcels, including business and liquor license.
- Main Street frontage in the heart of downtown Willits.
- Apartment upstairs plus unfinished 2nd apartment for income potential.
Local Financial Insights For Mixed Use
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 | $110.9k | $21.60 |
| − Vacancy | −$11.1k | −$2.16 |
| EGI | $99.8k | $19.44 |
| − OpEx | −$37.4k | −$7.29 |
| NOI | $62.4k | $12.15 |
