Building Details

Tenancy Multi

Listing Agency: Pamela Hudson Real Estate

Listed By: Pam Hudson · License #01036573 Show Phone

Source: Myfabuloushome

Added: Jul 29 Changed: Oct 26 Last Checked: Oct 7 at 3:54PM

Report an Issue

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 Pamela Hudson Real Estate

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This commercial live-work opportunity includes a long-term U.S. Post Office lease as the anchor tenant. A hardware store known as Village Hardware occupies a third of the building, and business and inventory may be included in the sale.

The property is located in Albion, CA, next to a grocery store, with the local Fire Department occupying a contiguous parcel. The one-bedroom, one-bath apartment is accessible from the west side of the property.

The site offers exceptional visibility from Highway 1, along with ample parking and available signage for customer-facing use.

Key Highlights

• Long‑term U.S. Post Office lease serves as anchor tenant
• Village Hardware occupies one‑third of the building
• One‑bedroom, one‑bath apartment accessible from the west side

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$72,529

Cap Rate

7.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,450,580 $1.5M

Cap Rate 7%

$1,036,129 $1.0M

Cap Rate 9%

$805,878 $805.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,996 SF

Gross rent

$112.7K $22.56/SF

− Vacancy

−$16.0K −$3.20/SF

EGI

$96.7K $19.36/SF

− OpEx

−$24.2K −$4.84/SF

NOI

$72.5K $14.52/SF

Area

Mendocino County, CA

Vacancy

14.20%

Lease Rate

$22.56 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,450,580

Cap Rate 7%

$1,036,129

Cap Rate 9%

$805,878

Alternative Uses

Best Use

Office B

$1.04M

$906.6K – $1.21M (±1% cap)

NOI $72,529 @ 7.0% cap · market cap 7.33%

Second Best

Mixed Use

$867.2K

$758.8K – $1.01M (±1% cap)

NOI $60,701 @ 7.0% cap · market cap 6.13%

Theoretical Best

Flex RnD

$1.87M

$1.63M – $2.18M (±1% cap)

NOI $130,748 @ 7.0% cap · market cap 13.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Village True Value ... Building Supply United States Postal ... Post Office

Suggested Use

Top Pick Parking Lot & Garage Garden Center Building Supply Wine and Liquor Store Supermarket Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

30

Businesses Nearby

Explore this area Business Placement

Demographics for 95410, CA

974

Population

482

Households

2

Avg Household Size

60

Median Age

61%

College-Educated

98%

High-School Grad

30.0 sq mi

ZIP Area

32

Density / Sq Mi

$39,628

Median Household Income

$706,300

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Frequently Asked Questions

What type of property is this?

Live-work space - Anchored by a long-term U.S. Post Office lease, with a one-bedroom apartment and strong Highway 1 visibility.

Where is this live-work space located?

The property is located at 34900 Albion Ridge Rd Albion, CA.

What is the asking price?

The asking price for this property is $990,000.

What are key features of this property?

This property features: Long‑term U.S. Post Office lease serves as anchor tenant; Village Hardware occupies one‑third of the building; One‑bedroom, one‑bath apartment accessible from the west side