Neighborhood Retail Building with 4
For Sale
$379,000
318 W Harris Street, Eureka, CA 95503
Four-unit neighborhood retail property at a high-traffic intersection with off-street parking and leased retail and residences.
Property Size4,000 SF
Price / SF$94.75
Days on Market110
Property Features for 318 W Harris Street
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial
Additional Details
Multifamily Units
2
Building Details
Tenancy
Multi
Listing Agency:
COMMUNITY REALTY /CM
(707) 498-3830
Listed By:
CHARLES MCCANN · License #01066580
(707) 839-9093
Source:
Corcoran
Added: Jun 18
Changed: Oct 1
Last Checked: Oct 4 at 9:38AM
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 /CM
Investment Insights
Based on property information with market context.
This neighborhood commercial building includes four separate units. The lower front unit is a retail shop with an existing lease. The lower rear unit is leased as a garage/shop, and the two leased apartments are located upstairs. Off-street parking is available, and a new roof will be installed when weather permits.
The property is positioned at a high-traffic intersection on Harris and Union, across from the former Poletski’s Appliance store. It is offered for sale as the building only; the retail business operating in the leased retail space is not for sale.
For buyers seeking a mixed-income neighborhood asset, the combination of a leased retail storefront, a leased garage/shop, and two leased apartments may appeal as an income-focused setup. The seller indicates that owner may carry, and appointments are required to view the property.
The property is positioned at a high-traffic intersection on Harris and Union, across from the former Poletski’s Appliance store. It is offered for sale as the building only; the retail business operating in the leased retail space is not for sale.
For buyers seeking a mixed-income neighborhood asset, the combination of a leased retail storefront, a leased garage/shop, and two leased apartments may appeal as an income-focused setup. The seller indicates that owner may carry, and appointments are required to view the property.
Key Highlights
- Neighborhood commercial, 4 separate units at a high‑traffic intersection on Harris and Union
- Lower front unit is a retail shop with an active lease; retail business not for sale
- Lower rear unit is leased as a garage/shop, and the two upstairs units are leased apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,335
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,700
$466.7K
Cap Rate 7%
$333,357
$333.4K
Cap Rate 9%
$259,278
$259.3K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$36.0K $9.00/SF
− Vacancy
−$2.7K −$0.67/SF
EGI
$33.3K $8.33/SF
− OpEx
−$10.0K −$2.50/SF
NOI
$23.3K $5.83/SF
Area
Humboldt County, CA
Vacancy
7.40%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,700
Cap Rate 7%
$333,357
Cap Rate 9%
$259,278
Alternative Uses
Best Use
Retail
$1.33M
$1.17M – $1.56M
NOI $93,432 @ 7.0% cap · market cap 24.65%
Second Best
Industrial
$333.4K
$291.7K – $388.9K
NOI $23,335 @ 7.0% cap · market cap 6.16%
Theoretical Best
Flex RnD
$1.51M
$1.32M – $1.76M
NOI $105,740 @ 7.0% cap · market cap 27.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Explore this area
Business Placement
Demographics for 95503, CA
24,488
Population
10,738
Households
2.3
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
83.7 sq mi
ZIP Area
293
Density / Sq Mi
$76,708
Median Household Income
$36,822
Median Earnings
$1,485
Median Rent
$411,500
Median Home Value
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Four-unit neighborhood retail property at a high-traffic intersection with off-street parking and leased retail and residences.
Where is this retail space located?
The property is located at 318 W Harris Street Eureka, CA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Neighborhood commercial, 4 separate units at a high‑traffic intersection on Harris and Union; Lower front unit is a retail shop with an active lease; retail business not for sale; Lower rear unit is leased as a garage/shop, and the two upstairs units are leased apartments
