Mixed-Use Building in Downtown
326 I Street Eureka, CA 95501
For Sale
$595,000
Mixed-use building with office and retail space for sale.
Property Size4,070 SF
Lot Size0.15 Acres
Price / SF$146.19
Days on Market120
Property Features for 326 I Street
General Information
Standard status
Active
Size
4,070 SF
Lot size
0.15 Acres
Property subtype
Office
Building Details
Year Built
1910
Listing Agency:
C.B. Commercial Pacific Partners Real Estate
(707) 442-2222
Listed By:
Jb Mathers · License #01872025
(707) 442-2222
Source:
Cbcworldwide
Added: Apr 1
Changed: Jul 10
Last Checked: Jul 28 at 7:26AM
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.9k | $21.60 |
| − Vacancy | −$17.2k | −$4.23 |
| EGI | $70.7k | $17.37 |
| − OpEx | −$17.7k | −$4.34 |
| NOI | $53.0k | $13.02 |
4,070 SF · lease $21.60/SF/yr · vacancy 19.60% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.58M
NOI $95,067 @ 7.0% cap · market cap 15.98%
Second Best
Office B
$757.3K
$662.6K – $883.5K
NOI $53,011 @ 7.0% cap · market cap 8.91%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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.
