Remodeled Retail Showroom
For Sale
$1,400,000
Pending
341 Harris Street, Eureka, CA 95503
Remodeled building with offices, multiple showrooms, rear freight access, and 10 dedicated parking spaces.
Property Size8,870 SF
Days on Market410
Property Features for 341 Harris Street
General Information
Standard status
Pending
Size
8,870 SF
Total Parking Spaces
10
Property subtype
Commercial
Additional Details
Fenced Yard
Yes
Drive-In Doors
1
Office Units
3
Amenities
1 - 10 Spaces
Listing Agency:
MING TREE, INC.
(707) 445-4500
Listed By:
ROLLIN TREHEARNE · License #DRE#02136305
Source:
Corcoran
Added: Jul 9, 2025
Changed: Aug 8
Last Checked: Jul 23 at 9:50AM
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 MING TREE, INC.
Investment Insights
Based on property information with market context.
This remodeled commercial building offers a customer-facing showroom layout along with functional back-of-house space. Interior accommodations include three offices and three spacious showrooms, supported by a large storage area for inventory or supplies. For logistics and deliveries, the property includes a rear freight door that can help streamline receiving. Exterior amenities include a small fenced yard in back, adding a measure of flexibility for storage or controlled access.
The property is positioned on a high-traffic corner with visibility suitable for businesses that rely on walk-in or pass-by exposure. Access includes dedicated parking plus additional street parking, and the site also provides alley access for secondary entry and service.
For buyers seeking a versatile footprint, the combination of offices, multiple showrooms, storage, and freight access can support a range of retail and commercial uses that need both presentation space and practical operations space on the same site. With 10 dedicated parking spaces and multiple on-site access points, the building is designed to accommodate customers and deliveries without forcing operations through the main customer area.
The property is positioned on a high-traffic corner with visibility suitable for businesses that rely on walk-in or pass-by exposure. Access includes dedicated parking plus additional street parking, and the site also provides alley access for secondary entry and service.
For buyers seeking a versatile footprint, the combination of offices, multiple showrooms, storage, and freight access can support a range of retail and commercial uses that need both presentation space and practical operations space on the same site. With 10 dedicated parking spaces and multiple on-site access points, the building is designed to accommodate customers and deliveries without forcing operations through the main customer area.
Key Highlights
- Remodeled 8,870 SF commercial building with 3 offices and multiple interior spaces for business use.
- Includes 3 spacious showrooms plus a large storage area.
- Rear freight door provides delivery 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
Lease Details
1
Drive-in doors
3
Office units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
357
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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Frequently Asked Questions
What type of property is this?
Showroom - Remodeled building with offices, multiple showrooms, rear freight access, 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 SF commercial building with 3 offices and multiple interior spaces for business use.; Includes 3 spacious showrooms plus a large storage area.; Rear freight door provides delivery access.
