Flex Space with Covered Work
For Sale
$549,000
309 W 15th Street, Eureka, CA 95501
Commercial Sale, Eureka, CA
Property Size2,664 SF
Lot Size0.17 Acres
Price / SF$206.08
Days on Market49
Property Features for 309 W 15th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking features
Offsite
Interior features
Handicap Access, Handicap Restroom
Accessibility
Accessible Approach with Ramp
Directions
Corner of 15th & Summer
Subdivision
South Bay
Standard status
Active
APN
004-073-002
Size
2,664 SF
Lot size
0.17 Acres
Additional Details
Currently Operating
Yes
Utilities
Utilities
Phone Available
Heating system
Natural Gas
Building Details
Flooring type
Concrete, Vinyl
Building materials
Metal Siding
Roof type
Metal
Buildings
1
Listing Agency:
Coldwell Banker Cutten Realty · Coldwell Banker Real Estate
(707) 445-8811
Listed By:
Michela Kirk · License #02106748
(707) 601-1688
Added: Sep 14
Changed: Oct 27
Last Checked: Nov 1 at 4:06PM
MLS# 273351
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 2,664-square-foot metal building sits on a fenced 7,405-square-foot corner parcel and includes a main shop, multiple overhead doors, an office, two bathrooms, flex space, and storage on an upper level. A metal roof, vinyl and concrete flooring, natural gas heating, and an accessible ramp are among the building features. The property is currently used by an electrical contractor for shop operations and equipment and parts storage.
Canopy-covered concrete area adds approximately 2,992 square feet of workspace, with an additional 1,440-square-foot concrete pad. Access is available from W. 15th Street and Summer Street in Eureka. The property is zoned Commercial.
Canopy-covered concrete area adds approximately 2,992 square feet of workspace, with an additional 1,440-square-foot concrete pad. Access is available from W. 15th Street and Summer Street in Eureka. The property is zoned Commercial.
Key Highlights
- 2,664‑square‑foot metal building on a 7,405‑square‑foot corner lot
- Approximately 2,992 square feet of canopy‑covered concrete area
- Additional 1,440‑square‑foot concrete pad
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,872
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,440
$377.4K
Cap Rate 7%
$269,600
$269.6K
Cap Rate 9%
$209,689
$209.7K
Market Conditions
NOI Build-Up for 2,664 SF
Gross rent
$24.0K $9.00/SF
− Vacancy
−$1.8K −$0.67/SF
EGI
$22.2K $8.33/SF
− OpEx
−$3.3K −$1.25/SF
NOI
$18.9K $7.08/SF
Area
Humboldt County, CA
Vacancy
7.40%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,440
Cap Rate 7%
$269,600
Cap Rate 9%
$209,689
Alternative Uses
Best Use
Flex RnD
$1.01M
$880.3K – $1.17M
NOI $70,423 @ 7.0% cap · market cap 12.83%
Second Best
Warehouse
$269.6K
$235.9K – $314.5K
NOI $18,872 @ 7.0% cap · market cap 3.44%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Under-served
Demand for This Use
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Uniquely Yours Catering — 2906 F St # 7301, Eureka, CA 95502
- Nourish Catering — 518 Henderson St, Eureka, CA 95501
- Caroline’s TX BBQ — 841 W 14th St, Eureka, CA 95501
Frequently Asked Questions
What type of property is this?
Flex space - An all-steel shop building combines enclosed work areas with canopy-covered concrete workspace.
Where is this flex space located?
The property is located at 309 W 15th Street Eureka, CA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 2,664‑square‑foot metal building on a 7,405‑square‑foot corner lot; Approximately 2,992 square feet of canopy‑covered concrete area; Additional 1,440‑square‑foot concrete pad
