Mixed-Use Building in Downtown
For Sale
$595,000
326 I Street, Eureka, CA 95501
Mixed-use building with office and retail space for sale.
Property Size4,070 SF
Lot Size0.15 Acres
Price / SF$146.19
Days on Market199
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Property Features for 326 I Street
General Information
Standard status
Active
Size
4,070 SF
Lot size
0.15 Acres
Property subtype
Commercial
Amenities
Carpeted Flooring
Vinyl Flooring
Listing Agency:
C.B. COMMERCIAL PACIFIC PARTNERS REAL ESTATE
(707) 442-2222
Listed By:
JB MATHERS · License #01872025
Source:
Corcoran
Added: Mar 31
Changed: Oct 1
Last Checked: Oct 14 at 11:36PM
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 C.B. COMMERCIAL PACIFIC PARTNERS REAL ESTATE
Investment Insights
Based on property information with market context.
Located in Downtown Eureka, 326 I Street is a mixed-use building featuring office and retail spaces. The property includes four units totaling approximately 4,070 square feet on a 0.15-acre parcel. Secured on-site parking and alley access are available. Three units are currently occupied by established tenants, while one unit is vacant, presenting immediate lease-up potential. The property is zoned Central Commercial (CC), supporting a variety of professional and retail uses. Current rents are below market, with projected income of approximately $3,950 per month at stabilization. Historical financials show consistent performance with NOI around $35,000 annually.
Key Highlights
- Mixed‑use office/retail building in Downtown Eureka.
- Immediate lease‑up potential with one vacant unit.
- Secured on‑site parking and alley access.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,011
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,060,220
$1.1M
Cap Rate 7%
$757,300
$757.3K
Cap Rate 9%
$589,011
$589.0K
Market Conditions
NOI Build-Up for 4,070 SF
Gross rent
$87.9K $21.60/SF
− Vacancy
−$17.2K −$4.23/SF
EGI
$70.7K $17.37/SF
− OpEx
−$17.7K −$4.34/SF
NOI
$53.0K $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 Rate 5%
$1,060,220
Cap Rate 7%
$757,300
Cap Rate 9%
$589,011
Alternative Uses
Best Use
Office B
$757.3K
$662.6K – $883.5K
NOI $53,011 @ 7.0% cap · market cap 8.91%
Second Best
Mixed Use
$588.7K
$515.1K – $686.8K
NOI $41,209 @ 7.0% cap · market cap 6.93%
Theoretical Best
Flex RnD
$1.54M
$1.34M – $1.79M
NOI $107,590 @ 7.0% cap · market cap 18.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,934
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with office and retail space for sale.
Where is this mixed-use property located?
The property is located at 326 I Street Eureka, CA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Mixed‑use office/retail building in Downtown Eureka.; Immediate lease‑up potential with one vacant unit.; Secured on‑site parking and alley access.
