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    Anchor Bay Commercial Village Opportunity Title is generated by Realmo AI

    35500-07 South Highway 1, Gualala, CA 95445

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    Claim this Listing
    New
    For Sale
    $1,785,000

    Highway 1 commercial village with development potential and income.

    Type:Commercial Sale / Mixed Use
    Property size:
    14,652 SF
    Lot size:
    1.70 Acres
    Price / SF:
    $121/SF
    Added:
    May 27, 2026
    Days on Market:
    3
    Last Refresh:
    May 27 at 8:07 am

    Property Features for 35500-07 South Highway 1

    General Information

    Standard status
    Active
    Size
    14,652 SF
    Lot size
    1.70 Acres
    Property subtype
    Commercial Sale / Mixed Use

    Building Details

    Year Built
    1956

    We can help!

    Listing Contact
    Sarah Schoeneman
    Sarah Schoeneman

    Listing agent Sarah Schoeneman License #01383401

    Listing office Mendo Sotheby's International Realty

    Listing date May 27, 2026

    Source Compass

    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 Mendo Sotheby's International Realty

    HighLights

    • Prime Highway 1 location where Redwood forests meet the ocean.
    • Includes a 1.7‑acre oceanfront parcel with Coastal Commercial zoning, allowing for diverse development options.
    • Current annual income of $209,051 with near‑term upside through lease‑up of three vacant units.
    • Two established commercial assets with a balanced mix of retail, office, restaurant, and service tenants.
    • Anchor Bay West includes the 'Wash House' laundromat business, the only laundromat on the Southern Mendocino Coast.
    • Located in the Mendocino Coast's Banana Belt microclimate and adjacent to Anchor Bay Campground, benefiting from additional traffic and visibility.

    Overview

    The Anchor Bay Commercial Village is located on both the East and West sides of Highway 1. The offering includes three parcels: two established commercial assets and one vacant oceanfront development site. Anchor Bay East includes seven units with a mix of retail, office, restaurant, and an organic-based market. Anchor Bay West includes seven units with service, office, together with the 'Wash House' laundromat business. The offering also includes a 1.7-acre oceanfront parcel with Coastal Commercial zoning allowing a range of commercial, residential, civic, and hospitality uses. The property is set above Anchor Bay Beach in the Mendocino Coast's Banana Belt microclimate. A mix of businesses serves both local residents and year-round visitors. Adjacent to the privately owned Anchor Bay Campground, the property benefits from additional traffic and visibility. Current annual income is $209,051, with near-term upside through the lease-up of three vacant units, offering immediate cash flow. The property size is 14652 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Building Supply Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gualala
    County
    Mendocino
    State
    California
    Longitude
    -123.577972
    Latitude
    38.80338

    FAQs

    What type of property is this?
    Mixed-use property - Highway 1 commercial village with development potential and income.
    Where is this mixed-use property located?
    The property is located at 35500-07 South Highway 1 Gualala, CA.
    What is the asking price?
    The asking price for this property is $1,785,000.
    What are key features of this property?
    This property features: Prime Highway 1 location where Redwood forests meet the ocean.; Includes a **1.7‑acre oceanfront parcel with Coastal Commercial zoning**, allowing for diverse development options.; Current annual income of $209,051 with near‑term upside through lease‑up of three vacant units.
    (510) 418-0070
    We can help!
    Listing Contact
    Sarah Schoeneman
    Sarah Schoeneman
    Real Estate License ID: 01383401
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    35500-07 South Highway 1, Gualala, CA 95445
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