Single-Family Residence with Bonus
For Sale
$499,000
370 Main Street, Fortuna, CA 95540
COMMERCIAL - Fortuna, CA
Property Size2,276 SF
Lot Size0.33 Acres
Price / SF$219.24
Days on Market383
Property Features for 370 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Single Family
Directions
Main Street to Harlan Way
Subdivision
Mid County
Standard status
Active
Size
2,276 SF
Lot size
0.33 Acres
Building Details
Flooring type
Carpet, Vinyl
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
Ming Tree, Inc.
(707) 445-4500
Listed By:
Sharon Lutz · License #02179466
(707) 845-7279
Added: Jul 22, 2025
Changed: Aug 4
Last Checked: Aug 8 at 1:06PM
MLS# 270198
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 single-family residence offers distinctive interior and exterior character, beginning with a custom brick entry and welcoming porch. Inside, you’ll find a spacious cedar-lined closet and a wide staircase leading to the second floor. The kitchen includes a cozy dining nook, a warm wood stove, a step-down pantry, and direct access to a covered backyard deck. In addition to a generous separate dining room for gatherings, the home also features a large bonus room that can support a variety of uses depending on your needs.
Located at the entrance of Fortuna, the property is described as having convenient access to Highway 101, supporting day-to-day connectivity for residents and visitors. The lot size is listed at 0.33 acres, with a total property size of 2,276 square feet.
While the property is zoned Single Family, the listing remarks note suitability for both residential and commercial purposes, making it worth a closer look for buyers seeking flexibility in how they use the space. The covered deck, separate dining area, and large bonus room provide practical, usable areas for a range of lifestyle and business-adjacent setups, subject to applicable zoning and approvals.
Located at the entrance of Fortuna, the property is described as having convenient access to Highway 101, supporting day-to-day connectivity for residents and visitors. The lot size is listed at 0.33 acres, with a total property size of 2,276 square feet.
While the property is zoned Single Family, the listing remarks note suitability for both residential and commercial purposes, making it worth a closer look for buyers seeking flexibility in how they use the space. The covered deck, separate dining area, and large bonus room provide practical, usable areas for a range of lifestyle and business-adjacent setups, subject to applicable zoning and approvals.
Key Highlights
- Zoned for both residential and commercial use
- Located at the entrance of Fortuna with convenient access to Highway 101
- Custom brick entry and a welcoming porch
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
$27,102
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
5.43%
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%
$542,040
$542.0K
Cap Rate 7%
$387,171
$387.2K
Cap Rate 9%
$301,133
$301.1K
Market Conditions
NOI Build-Up for 2,276 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
$53.0K $23.28/SF
− Vacancy
−$3.7K −$1.63/SF
EGI
$49.3K $21.65/SF
− OpEx
−$22.2K −$9.74/SF
NOI
$27.1K $11.91/SF
Area
Humboldt County, CA
Vacancy
7.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$542,040
Cap Rate 7%
$387,171
Cap Rate 9%
$301,133
Alternative Uses
Best Use
Apartment 5plus
$387.2K
$338.8K – $451.7K
NOI $27,102 @ 7.0% cap · market cap 5.43%
Second Best
Mixed Use
$329.2K
$288.1K – $384.1K
NOI $23,045 @ 7.0% cap · market cap 4.62%
Theoretical Best
Flex RnD
$859.5K
$752.1K – $1.00M
NOI $60,166 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Explore this area
Business Placement
Demographics for 95540, CA
14,055
Population
6,087
Households
2.3
Avg Household Size
40
Median Age
24%
College-Educated
88%
High-School Grad
34.1 sq mi
ZIP Area
412
Density / Sq Mi
$62,346
Median Household Income
$37,309
Median Earnings
$1,135
Median Rent
$362,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Single-family zoned home with a custom entry and large bonus room, with reported convenience to Highway 101.
Where is this mixed-use property located?
The property is located at 370 Main Street Fortuna, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Zoned for both residential and commercial use; Located at the entrance of Fortuna with convenient access to Highway 101; Custom brick entry and a welcoming porch
