Building Details

Year Built 1984

Tenancy Multi

Listing Agency: Luxe Places International Realty - Gualala

Listed By: Joni Goshorn · License #01416568 Show Phone

Source: Myfabuloushome

Added: Jul 4 Changed: Oct 15 Last Checked: Oct 7 at 4:56PM

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Investment Insights

Based on property information with market context.

This downtown mixed-use commercial property includes 8 units, with 4 upstairs and 4 downstairs. Upstairs, one tenant has converted two units for their use, another tenant occupies a third unit, and the remaining ocean-view unit is currently unoccupied and previously used as the owner’s office. There are two bathrooms in the upstairs hallway with hot water under the sinks. The four downstairs units were originally connected, with an easy path back to a single larger suite as leases turn over; two downstairs units include private bathrooms, and there are two additional exterior-access bathrooms on the lower level.

The building is positioned west of Highway 1 and is described as supporting continued office leasing, owner occupancy, or a mixed-use future under local Mixed Use zoning. The sale also includes an adjacent 0.299-acre residential-zoned ocean-view parcel. The property has ample parking with 12 designated spaces plus 1 ADA space in front, and is served by PG&E and Gualala water and sewer services, with choices for fast internet. Restaurants and shopping are down the street, with proximity to a medical clinic and emergency services.

Key Highlights

• 1984‑built 8‑unit commercial mixed‑use property in downtown Gualala (4 upstairs, 4 downstairs).
• Ocean‑view units throughout, including an upstairs ocean‑view unit previously used as the owner’s office.
• Downstairs units were originally connected, offering an easy path to convert back to a single larger suite as leases turn over.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,116

Cap Rate

7.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,202,320 $1.2M

Cap Rate 7%

$858,800 $858.8K

Cap Rate 9%

$667,956 $668.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,141 SF

Gross rent

$93.4K $22.56/SF

− Vacancy

−$13.3K −$3.20/SF

EGI

$80.2K $19.36/SF

− OpEx

−$20.0K −$4.84/SF

NOI

$60.1K $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%

$1,202,320

Cap Rate 7%

$858,800

Cap Rate 9%

$667,956

Alternative Uses

Best Use

Office B

$858.8K

$751.5K – $1.00M (±1% cap)

NOI $60,116 @ 7.0% cap · market cap 7.56%

Second Best

Mixed Use

$718.8K

$628.9K – $838.6K (±1% cap)

NOI $50,313 @ 7.0% cap · market cap 6.33%

Theoretical Best

Flex RnD

$1.55M

$1.35M – $1.81M (±1% cap)

NOI $108,372 @ 7.0% cap · market cap 13.63%

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

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store Bakery Furniture & Home Goods 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

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

234

Businesses Nearby

Explore this area Business Placement

Demographics for 95445, CA

2,362

Population

1,321

Households

1.8

Avg Household Size

57

Median Age

39%

College-Educated

91%

High-School Grad

89.2 sq mi

ZIP Area

26

Density / Sq Mi

$93,365

Median Household Income

$63,906

Median Earnings

$2,208

Median Rent

$664,700

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Eight-unit downtown mixed-use property with ample parking, ocean-view units, and included adjacent residential parcel.

Where is this mixed-use property located?

The property is located at 39000 S Highway 1 Gualala, CA.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: 1984‑built 8‑unit commercial mixed‑use property in downtown Gualala (4 upstairs, 4 downstairs).; Ocean‑view units throughout, including an upstairs ocean‑view unit previously used as the owner’s office.; Downstairs units were originally connected, offering an easy path to convert back to a single larger suite as leases turn over.