Building Details

Floors in Building 2

Flooring type Concrete, Laminate, Vinyl

Building materials Wood Siding

Roof type Shingle, Membrane

Listing Agency: Coldwell Banker Cutten Realty · Coldwell Banker Real Estate L***@gmail.com Show Phone

Listed By: Cathy Endert · License #01422345 Show Phone

Added: Jan 7 Changed: Aug 19 Last Checked: Aug 22 at 9:06AM

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MLS# 271322

Copyright © 2026 Humboldt Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use commercial property at 252 Loleta Drive includes a 10,929-square-foot commercial building with warehouse, retail, office, and storage areas. The ground-level warehouse component supports storage or manufacturing use, while the retail area and organized office space provide additional commercial functionality. The property was previously occupied by the Loleta Cheese Factory.

A separate 1,544-square-foot apartment includes three bedrooms, updated bathrooms, newer laminate flooring, fresh interior paint, and refreshed exterior siding. Concrete and vinyl flooring are also present within the property. The site encompasses approximately 0.66 acres and includes paved parking and a garage. A west-side garden and lunch area provide additional outdoor space adjacent to the commercial and residential improvements.

Key Highlights

• 10,929‑square‑foot commercial building with warehouse, retail, office, and storage areas
• Separate 1,544‑square‑foot apartment with three bedrooms
• Approximately 0.66 acres at 252 Loleta Drive, Loleta, CA 95551

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

$63,758

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

8.12%

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%

$1,275,160 $1.3M

Cap Rate 7%

$910,829 $910.8K

Cap Rate 9%

$708,422 $708.4K

Market Conditions

NOI Build-Up for 10,929 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

$98.4K $9.00/SF

− Vacancy

−$7.3K −$0.67/SF

EGI

$91.1K $8.33/SF

− OpEx

−$27.3K −$2.50/SF

NOI

$63.8K $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%

$1,275,160

Cap Rate 7%

$910,829

Cap Rate 9%

$708,422

Alternative Uses

Best Use

Flex RnD

$4.13M

$3.61M – $4.82M (±1% cap)

NOI $288,908 @ 7.0% cap · market cap 36.80%

Second Best

Retail

$3.65M

$3.19M – $4.25M (±1% cap)

NOI $255,278 @ 7.0% cap · market cap 32.52%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Location Intelligence

Trade Area within ½ mile

41

Businesses Nearby

Explore this area Business Placement

Demographics for 95551, CA

1,871

Population

751

Households

2.5

Avg Household Size

36

Median Age

35%

College-Educated

95%

High-School Grad

42.4 sq mi

ZIP Area

44

Density / Sq Mi

$73,472

Median Household Income

$25,739

Median Earnings

$1,338

Median Rent

$469,800

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Combines warehouse, retail, office, and residential components within a commercial property with paved parking.

Where is this mixed-use property located?

The property is located at 252 Loleta Drive Loleta, CA.

What is the asking price?

The asking price for this property is $785,000.

What are key features of this property?

This property features: 10,929‑square‑foot commercial building with warehouse, retail, office, and storage areas; Separate 1,544‑square‑foot apartment with three bedrooms; Approximately 0.66 acres at 252 Loleta Drive, Loleta, CA 95551