Remodeled Retail-Office
For Sale
$1,400,000
Pending
341 Harris Street, Eureka, CA 95503
COMMERCIAL - Eureka, CA
Property Size8,870 SF
Lot Size0.30 Acres
Days on Market401
Property Features for 341 Harris Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
10
Subdivision
South Bay
Standard status
Pending
Size
8,870 SF
Lot size
0.30 Acres
Listing Agency:
Ming Tree, Inc.
(707) 445-4500
Listed By:
Rollin Trehearne · License #02136305
(707) 407-7806
Added: Jul 8, 2025
Changed: Aug 4
Last Checked: Aug 12 at 5:06PM
MLS# 270058
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.
Investment Insights
Based on property information with market context.
This remodeled commercial building offers a mix of office and showroom space, including 3 offices and 3 spacious showrooms. Additional on-site area includes a large storage area, plus a rear freight door designed to support deliveries. The property also features 10 dedicated parking spaces, additional street parking, alley access, and a small fenced yard in back.
Located at 341 Harris Street in Eureka, the building sits on a corner with visibility and is described as positioned for high-traffic exposure.
With its configuration of office space, showroom areas, storage, and delivery access, the building is set up for commercial operations that benefit from both customer-facing space and practical back-of-house logistics.
Located at 341 Harris Street in Eureka, the building sits on a corner with visibility and is described as positioned for high-traffic exposure.
With its configuration of office space, showroom areas, storage, and delivery access, the building is set up for commercial operations that benefit from both customer-facing space and practical back-of-house logistics.
Key Highlights
- Remodeled 8,870 sq ft commercial building with 3 offices and 3 spacious showrooms
- Rear freight door for deliveries plus a large storage area
- 10 dedicated parking spaces, additional street parking, and alley access
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
$115,530
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
8.25%
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%
$2,310,600
$2.3M
Cap Rate 7%
$1,650,429
$1.7M
Cap Rate 9%
$1,283,667
$1.3M
Market Conditions
NOI Build-Up for 8,870 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
$191.6K $21.60/SF
− Vacancy
−$37.6K −$4.23/SF
EGI
$154.0K $17.37/SF
− OpEx
−$38.5K −$4.34/SF
NOI
$115.5K $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 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%
$2,310,600
Cap Rate 7%
$1,650,429
Cap Rate 9%
$1,283,667
Alternative Uses
Best Use
Retail
$2.96M
$2.59M – $3.45M
NOI $207,184 @ 7.0% cap · market cap 14.80%
Second Best
Office B
$1.65M
$1.44M – $1.93M
NOI $115,530 @ 7.0% cap · market cap 8.25%
Theoretical Best
Flex RnD
$3.35M
$2.93M – $3.91M
NOI $234,478 @ 7.0% cap · market cap 16.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Lost Coast Flooring — 3008 Broadway St Suite C, Eureka, CA 95501
- Nelson Floor Company — 414 W Harris St, Eureka, CA 95503
Frequently Asked Questions
What type of property is this?
Showroom - Remodeled building with offices, multiple showrooms, rear freight door for deliveries, and 10 dedicated parking spaces.
Where is this showroom located?
The property is located at 341 Harris Street Eureka, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Remodeled 8,870 sq ft commercial building with 3 offices and 3 spacious showrooms; Rear freight door for deliveries plus a large storage area; 10 dedicated parking spaces, additional street parking, and alley access
