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    Versatile Mixed-Use Commercial Property Title is generated by Realmo AI

    252 Loleta Drive, Loleta, CA 95551

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    Claim this Listing
    For Sale
    $785,000

    COMMERCIAL - Loleta, CA

    Property size:
    10,929 SF
    Lot size:
    0.66 Acres
    Price / SF:
    $71/SF
    Added:
    Jan 7, 2026
    Days on Market:
    128
    Last Refresh:
    May 15 at 12:06 pm

    Property Features for 252 Loleta Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Bathrooms
    3
    Rooms
    Bathroom 3, Bathroom 1, Bathroom 2
    Parking features
    Garage
    Standard status
    Active
    Size
    10,929 SF
    Lot size
    0.66 Acres

    Building Details

    Floors in Building
    2
    Flooring type
    Laminate, Concrete, Vinyl
    Building materials
    Wood Siding
    Roof type
    Membrane, Shingle

    We can help!

    Listing Contact
    Cathy Endert
    Cathy Endert

    Listing agent Cathy Endert License #01422345

    Listing office Coldwell Banker Cutten Realty 2120 Campton Road, Suite C, Eureka, CA

    Listing date Jan 7, 2026

    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.

    HighLights

    • Versatile mixed‑use commercial property featuring both commercial space and a 3‑bedroom, 2‑bath residential apartment.
    • Large 10,929 sq. ft. commercial building with warehouse, retail, and office space.
    • Located on a large 0.66‑acre lot (23,770 sq. ft.) in the heart of Loleta.
    • Updated 1,544 sq. ft. apartment with newer laminate flooring, fresh paint, and updated bathrooms.
    • Ample paved parking for both residential and commercial use.
    • Includes a west‑side garden and lunch area.

    Overview

    This mixed-use commercial property is located in Loleta, CA, on approximately 0.66 acres (23,770 sq. ft.). The property includes commercial space and residential living. The main commercial building is 10,929 sq. ft. and offers a combination of warehouse, retail, and office space. The ground floor features warehouse space suitable for storage or manufacturing. The retail area provides visibility, and the office and storage areas are designed for organization and productivity. The property also includes a 1,544 sq. ft. apartment with 3 bedrooms and 2 baths, featuring newer laminate flooring and fresh paint. The bathrooms and exterior siding have been recently updated. The apartment has a layout designed for relaxation, with access to a west-side garden and lunch area. Ample paved parking is available. The property was previously the home of the Loleta Cheese Factory.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Big Box & Wholesale Store Auto Parts Store Nail Salon Food Market Grocery & Convenience Store Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Loleta
    County
    Humboldt
    State
    California
    Longitude
    -124.223661
    Latitude
    40.641081

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use commercial property with warehouse, retail, office space, and apartment.
    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: Versatile mixed‑use commercial property featuring both commercial space and a 3‑bedroom, 2‑bath residential apartment.; Large 10,929 sq. ft. commercial building with warehouse, retail, and office space.; Located on a large 0.66‑acre lot (23,770 sq. ft.) in the heart of Loleta.
    (707) 845-1668
    We can help!
    Listing Contact
    Cathy Endert
    Cathy Endert
    Real Estate License ID: 01422345
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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