Two-Story Office
2850 E Street Eureka, CA 95501
2850 E Street, Eureka, CA, 95501
$525,000
For Sale
$525,000
Two-story office building with handicap accessibility and alley access to a four-car carport.
Property Size2,940 SF
Price / SF$178.57
Days on Market51
Property Features for 2850 E Street
General Information
- Standard status
- Active
- Size
- 2,940 SF
- Property subtype
- Commercial
Listing agency
COMMUNITY REALTY-ARCATA
(707) 839-9093
Listed by
DAISY DALTON · License #01305188
Source
Corcoran
Added: Jun 3 Updated: Jul 22 at 12:58AM Checked: Jul 22 at 8:57AM
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 COMMUNITY REALTY-ARCATA
Investment Insights
Based on property information with market context.
Located in popular Henderson Center, this two-story, 2,940 sq ft property was formerly home of Community Realty. It has been converted to office use on both floors, with the original layout having been an office downstairs and an apartment upstairs. The building is zoned commercial and residential. To return it to residential use, it would require adding some walls, closets, and a shower. A contractor who performed the original remodel is willing to provide a bid to the buyer.
The property is handicapped accessible and has pest work completed. It also provides alley access to a four-car carport, supporting convenient off-street parking for occupants and visitors.
The configuration allows for flexible interior use across two levels, currently operated as office space throughout the building.
The property is handicapped accessible and has pest work completed. It also provides alley access to a four-car carport, supporting convenient off-street parking for occupants and visitors.
The configuration allows for flexible interior use across two levels, currently operated as office space throughout the building.
Key Highlights
- 2‑story, 2,940 SF former Community Realty building located in Henderson Center
- Zoned commercial and residential; downstairs originally office use and upstairs an apartment
- Both floors were converted to office use; would need added walls, closets, and a shower to return to residential
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 | $63.5k | $21.60 |
| − Vacancy | −$12.4k | −$4.23 |
| EGI | $51.1k | $17.37 |
| − OpEx | −$12.8k | −$4.34 |
| NOI | $38.3k | $13.02 |
2,940 SF · lease $21.60/SF/yr · vacancy 19.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$547.0K
$478.7K – $638.2K
NOI $38,293 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.11M
$971.5K – $1.30M
NOI $77,719 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Community Realty
Real Estate Agency
Chin Don Realtor-Broker
Real Estate Agency
Community Realty : Bernie ...
Real Estate Agency
Brian Dunlap
Real Estate Agency
Brigitte Benson- Realtor
Real Estate Agency
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FAQs
What type of property is this?
Office building - Two-story office building with handicap accessibility and alley access to a four-car carport.
Where is this office building located?
The property is located at 2850 E Street Eureka, CA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2‑story, 2,940 SF former Community Realty building located in Henderson Center; Zoned commercial and residential; downstairs originally office use and upstairs an apartment; Both floors were converted to office use; would need added walls, closets, and a shower to return to residential
