Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Eureka Mixed-Use Investment Opportunity Title is generated by Realmo AI

    318 W Harris Street, Eureka, CA 95503

    View on Map
    Claim this Listing
    For Sale
    $439,000

    COMMERCIAL - Eureka, CA

    Property size:
    4,000 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $109/SF
    Added:
    Feb 22, 2025
    Days on Market:
    448
    Last Refresh:
    May 16 at 3:06 pm

    Property Features for 318 W Harris Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Neighborhood Comm
    Standard status
    Active
    Size
    4,000 SF
    Lot size
    0.08 Acres

    Building Details

    Floors in Building
    2
    Roof type
    Membrane

    We can help!

    Listing Contact
    Charles McCann
    Charles McCann

    Listing agent Charles McCann License #01066580

    Listing office Community Realty /cm 639 6th Street, Eureka, CA

    Listing date Feb 22, 2025

    MLS# 268784

    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

    • High traffic intersection location
    • Four separate units providing diverse income streams
    • Existing leases in place generating $3720 gross monthly income
    • Off‑street parking available
    • Owner financing may be available
    • New roof to be installed

    Overview

    This mixed-use property, situated at a high-traffic intersection in Eureka, California, presents an investment opportunity. The property comprises four separate units. The lower front unit is a retail shop with an existing lease. The lower rear unit is leased as a garage or shop. Additionally, there are two leased apartments located upstairs. The total monthly gross income is $3720. Off-street parking is available. A new roof is planned to be installed when weather permits. The property is zoned Neighborhood Commercial. The building size is approximately 4000 square feet, situated on a lot of approximately 0.08 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bollmann's Taxidermy Taxidermist

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Eureka
    County
    Humboldt
    State
    California
    Longitude
    -124.174568
    Latitude
    40.780716

    Nearby Similar for Sale

    • $990,000
      2,348 SF

      Eureka Commercial Building on Highway

      Commercial building with Highway 101 frontage in Eureka, CA.
      1314 Broadway Street, Eureka, CA 95501
      View Details
    • $388,000
      6,540 SF

      Historic Eureka Multifamily Investment Opportunity

      Two buildings in a prime location with development potential.
      1625 G Street, Eureka, CA 95501
      View Details
    • $499,000
      1,059 SF

      Eureka Commercial Office Buildings Package

      Two office buildings in downtown Eureka, great professional opportunity.
      304 & 314 L Street, Eureka, CA 95501
      View Details
    • $520,000
      2,410 SF

      Victorian Multifamily Property in Eureka

      Historic Victorian with six units near Old Town Eureka.
      1005 E Street, Eureka, CA 95501
      View Details
    • $609,500
      2,484 SF

      Eureka Fourplex on Oversized Lot

      Four-unit multifamily property with development potential in Eureka, California.
      2805 California Street, Eureka, CA 95501
      View Details
    • $1,200,000
      6,032 SF

      Eureka Multifamily Investment Opportunity

      Eight units in Myrtletown location with off-street parking.
      2082 Quaker Street, Eureka, CA 95501
      View Details
    • $525,000
      2,509 SF

      Eureka Triplex with Income Potential

      Well-maintained triplex in Eureka with strong rental income potential.
      1141 Cousins Street, Eureka, CA 95501
      View Details
    • $619,000
      2,004 SF

      Two Homes on One Lot

      Two homes on one lot, ideal for multi-generational living.
      1624/1630 Dean Street, Eureka, CA 95501
      View Details
    • $420,000
      3,790 SF

      Eureka Commercial Space in Henderson

      Versatile 3,790 SF commercial space in Eureka's Henderson Center.
      524 Henderson Street, Eureka, CA 95501
      View Details
    • $649,999
      1,700 SF

      Turnkey Dual-Home Investment Opportunity

      Turnkey dual-home property near hospital and university.
      2121 C Street, Eureka, CA 95501
      View Details
    • $525,000
      2,940 SF

      Eureka Mixed-Use Commercial Building

      Two-story, 2,940 sq ft building in Henderson Center, Eureka.
      2850 E Street, Eureka, CA 95501
      View Details
    • $1,400,000
      8,870 SF

      Remodeled Commercial Building in Eureka

      Remodeled 8,870 SF commercial building on high-traffic corner.
      341 Harris Street, Eureka, CA 95503
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with four units and income in Eureka.
    Where is this mixed-use property located?
    The property is located at 318 W Harris Street Eureka, CA.
    What is the asking price?
    The asking price for this property is $439,000.
    What are key features of this property?
    This property features: High traffic intersection location; Four separate units providing diverse income streams; Existing leases in place generating $3720 gross monthly income
    (707) 498-3830
    We can help!
    Listing Contact
    Charles McCann
    Charles McCann
    Real Estate License ID: 01066580
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    318 W Harris Street, Eureka, CA 95503
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!