Conventional Restaurant with Outdoor
For Sale
$1,300,000
320 Main Street #011 & 028, Fortuna, CA 95540
Established food-service property with a liquor license, furnishings, equipment, inventory, and an expanded parking area.
Property Size3,014 SF
Price / SF$431.32
Days on Market11
Property Features for 320 Main Street #011 & 028
General Information
Standard status
Active
Size
3,014 SF
Property subtype
Commercial
Restaurant
Patio
Yes
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Amenities
back-up generator
Carpeted Flooring
Partially Carpeted Flooring
Plank Flooring
Listing Agency:
LANDMARK REAL ESTATE
(707) 725-2852
Listed By:
JEREMY STANFIELD · License #01339550
Source:
Corcoran
Added: Aug 13
Changed: Aug 16
Last Checked: Aug 23 at 6:34AM
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 LANDMARK REAL ESTATE
Investment Insights
Based on property information with market context.
This 3,014-square-foot conventional restaurant at 320 Main Street in Fortuna includes the furnishings, fixtures, equipment, and inventory needed for continued restaurant operations. The offering also includes a liquor license, an outdoor dining area with deck, an expanded parking lot, and a backup generator.
The business currently operates five days a week and includes an established menu with recipes available for transfer. Training is available to the next owner, providing continuity for the existing operation. The property consists of three separate parcels and is identified as 320 Main Street #011 & 028, Fortuna, CA 95540.
The business currently operates five days a week and includes an established menu with recipes available for transfer. Training is available to the next owner, providing continuity for the existing operation. The property consists of three separate parcels and is identified as 320 Main Street #011 & 028, Fortuna, CA 95540.
Key Highlights
- 3,014‑square‑foot conventional restaurant in Fortuna
- Liquor license, inventory, fixtures, and equipment included
- Outdoor dining area with deck
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
$75,429
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
5.80%
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%
$1,508,580
$1.5M
Cap Rate 7%
$1,077,557
$1.1M
Cap Rate 9%
$838,100
$838.1K
Market Conditions
NOI Build-Up for 3,014 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
$112.1K $37.20/SF
− Vacancy
−$11.5K −$3.83/SF
EGI
$100.6K $33.37/SF
− OpEx
−$25.1K −$8.34/SF
NOI
$75.4K $25.03/SF
Area
Humboldt County, CA
Vacancy
10.30%
Lease Rate
$37.20 /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%
$1,508,580
Cap Rate 7%
$1,077,557
Cap Rate 9%
$838,100
Alternative Uses
Best Use
Specialty Retail
$1.08M
$942.9K – $1.26M
NOI $75,429 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.14M
$995.9K – $1.33M
NOI $79,675 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95540, CA
14,055
Population
6,087
Households
2.3
Avg Household Size
40
Median Age
24%
College-Educated
88%
High-School Grad
34.1 sq mi
ZIP Area
412
Density / Sq Mi
$62,346
Median Household Income
$37,309
Median Earnings
$1,135
Median Rent
$362,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established food-service property with a liquor license, furnishings, equipment, inventory, and an expanded parking area.
Where is this conventional restaurant located?
The property is located at 320 Main Street #011 & 028 Fortuna, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3,014‑square‑foot conventional restaurant in Fortuna; Liquor license, inventory, fixtures, and equipment included; Outdoor dining area with deck
