Two-Story Office
For Sale
$499,000
Pending
2850 E Street, Eureka, CA 95501
Commercial Sale, Eureka, CA
Property Size2,940 SF
Lot Size0.13 Acres
Days on Market146
Property Features for 2850 E Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Single Family
Parking
4
Parking features
Offsite, Garage
Interior features
Handicap Access, Handicap Restroom
Accessibility
Accessible Approach with Ramp
Directions
E Street before Grotto in Henderson Center
Subdivision
South Bay
Standard status
Pending
Size
2,940 SF
Lot size
0.13 Acres
Building Details
Floors in Building
2
Flooring type
Vinyl, Carpet, Wood
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
Community Realty-Arcata
(707) 269-2400
Listed By:
Daisy Dalton · License #01305188
(707) 497-4731
Added: May 5
Changed: Sep 13
Last Checked: Sep 27 at 2:06PM
MLS# 272244
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 two-story office property contains 2,940 square feet on a 0.13-acre parcel. The building was previously configured with office space on the lower level and an apartment above; both floors are now arranged for office use. Returning the upper level to residential use would require adding walls, closets, and a shower. Interior finishes include carpet, wood, and vinyl flooring, with wood siding and a shingle roof.
The property is located in Henderson Center and includes an accessible approach with ramp, handicap access, and a handicap restroom. An alley provides access to a four-car carport. Pest-related work has been completed, and the property also includes garage parking and offsite parking features.
The property is located in Henderson Center and includes an accessible approach with ramp, handicap access, and a handicap restroom. An alley provides access to a four-car carport. Pest-related work has been completed, and the property also includes garage parking and offsite parking features.
Key Highlights
- 2,940‑square‑foot, two‑story office building on a 0.13‑acre parcel
- Both levels currently configured for office use
- Former office‑and‑apartment layout offers a defined upper‑level configuration
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
$38,293
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
7.67%
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%
$765,860
$765.9K
Cap Rate 7%
$547,043
$547.0K
Cap Rate 9%
$425,478
$425.5K
Market Conditions
NOI Build-Up for 2,940 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
$63.5K $21.60/SF
− Vacancy
−$12.4K −$4.23/SF
EGI
$51.1K $17.37/SF
− OpEx
−$12.8K −$4.34/SF
NOI
$38.3K $13.02/SF
Area
Humboldt County, CA
Vacancy
19.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$765,860
Cap Rate 7%
$547,043
Cap Rate 9%
$425,478
Alternative Uses
Best Use
Office B
$547.0K
$478.7K – $638.2K
NOI $38,293 @ 7.0% cap · market cap 7.67%
Second Best
Mixed Use
$425.3K
$372.1K – $496.1K
NOI $29,768 @ 7.0% cap · market cap 5.97%
Theoretical Best
Flex RnD
$1.11M
$971.5K – $1.30M
NOI $77,719 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Explore this area
Business Placement
Demographics for 95501, CA
23,323
Population
10,577
Households
2.2
Avg Household Size
38
Median Age
34%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
3,195
Density / Sq Mi
$55,076
Median Household Income
$34,476
Median Earnings
$1,151
Median Rent
$389,900
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 Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Commercial property with office space on both levels, accessibility features, and alley-served carport parking.
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 $499,000.
What are key features of this property?
This property features: 2,940‑square‑foot, two‑story office building on a 0.13‑acre parcel; Both levels currently configured for office use; Former office‑and‑apartment layout offers a defined upper‑level configuration
