Willits Mixed-Use Income
For Sale
$850,000
244 S Main, Willits, CA 95490
Two buildings with business, liquor license, and income potential.
Property Size5,134 SF
Price / SF$165.56
Days on Market498
Property Features for 244 S Main
General Information
Standard status
Active
Size
5,134 SF
Building Details
Year Built
1951
Listing Agency:
COLDWELL BANKER MENDO REALTY
Listed By:
LEE PERSICO · License #00446837
(707) 459-5389
Source:
Corcoran
Added: Jun 3, 2025
Changed: Mar 16
Last Checked: Apr 24 at 6:33PM
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 MENDO REALTY
Investment Insights
Based on property information with market context.
Located in downtown Willits, this property features two buildings on two separate parcels, including a business and liquor license. The property includes apartments upstairs, with an additional unfinished apartment for potential income generation. A large parking lot is available for tenants and customers. The detached building is divided into two retail spaces, along with a bathroom. Situated on Main Street, this property offers live/work and income potential. The property size is 5134 square feet.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,378
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,247,560
$1.2M
Cap Rate 7%
$891,114
$891.1K
Cap Rate 9%
$693,089
$693.1K
Market Conditions
NOI Build-Up for 5,134 SF
Gross rent
$110.9K $21.60/SF
− Vacancy
−$11.1K −$2.16/SF
EGI
$99.8K $19.44/SF
− OpEx
−$37.4K −$7.29/SF
NOI
$62.4K $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%
$1,247,560
Cap Rate 7%
$891,114
Cap Rate 9%
$693,089
Alternative Uses
Best Use
Mixed Use
$891.1K
$779.7K – $1.04M
NOI $62,378 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$624.1K
$546.1K – $728.1K
NOI $43,685 @ 7.0% cap · market cap 5.14%
Theoretical Best
Flex RnD
$1.92M
$1.68M – $2.24M
NOI $134,360 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Explore this area
Business Placement
Demographics for 95490, CA
14,227
Population
6,077
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
89%
High-School Grad
430.1 sq mi
ZIP Area
33
Density / Sq Mi
$67,069
Median Household Income
$44,362
Median Earnings
$1,243
Median Rent
$383,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings with business, liquor license, and income potential.
Where is this mixed-use property located?
The property is located at 244 S Main Willits, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 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.
