Listing Agency: COLDWELL BANKER CUTTEN REALTY Show Phone

Listed By: JILL MACDONALD · License #01386033 Show Phone

Source: Corcoran

Added: Sep 29 Changed: Oct 4 Last Checked: Oct 5 at 7:06PM

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Investment Insights

Based on property information with market context.

This 1923 mixed-use building contains 6,480 square feet, with four commercial units on the ground floor and four residences above. One commercial space is used for storage, Redwood Recovery occupies two spaces, and a children's hair shop operates in the remaining unit. The residential units are described as being in excellent condition and are leased month to month. A 900-foot garage currently serves the owner's use, and an east-facing yard is also part of the property.

The property occupies a corner lot in Eureka. Its combination of commercial and residential space is complemented by the existing tenant mix and garage.

Key Highlights

• Four commercial units and four residential units in one building
• 6,480 square feet of building area
• Built in 1923 on a corner lot in Eureka

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$65,610

Cap Rate

8.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,312,200 $1.3M

Cap Rate 7%

$937,286 $937.3K

Cap Rate 9%

$729,000 $729.0K

Market Conditions

NOI Build-Up for 6,480 SF

Gross rent

$116.6K $18.00/SF

− Vacancy

−$11.7K −$1.80/SF

EGI

$105.0K $16.20/SF

− OpEx

−$39.4K −$6.07/SF

NOI

$65.6K $10.13/SF

Area

Humboldt County, CA

Vacancy

10.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,312,200

Cap Rate 7%

$937,286

Cap Rate 9%

$729,000

Alternative Uses

Best Use

Retail

$2.16M

$1.89M – $2.52M (±1% cap)

NOI $151,359 @ 7.0% cap · market cap 19.53%

Second Best

Apartment 5plus

$1.10M

$964.5K – $1.29M (±1% cap)

NOI $77,162 @ 7.0% cap · market cap 9.96%

Theoretical Best

Flex RnD

$2.45M

$2.14M – $2.85M (±1% cap)

NOI $171,299 @ 7.0% cap · market cap 22.10%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Redwood Recovery Center Medical Clinic

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Home Appliance Store Computer & Electronic Repair Pet Grooming Service Florist

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

Location Intelligence

Trade Area within ½ mile

2,088

Businesses Nearby

35k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 45% Dining 36% Hotels & Casinos 16% Beauty & Spa 4%

Starbucks Dining

12,629 visits/mo 0.2 miles

Chase Bank Shops & Services

6,056 visits/mo 0.4 miles

U.S. Bank Shops & Services

4,862 visits/mo 0.4 miles

Best Western Plus Humboldt Bay Inn Hotels & Casinos

4,022 visits/mo 0.3 miles

Umpqua Bank Shops & Services

3,665 visits/mo 0.4 miles

Demographics for 95501, CA

23,323

Population

10,577

Households

2.2

Avg Household Size

38

Median Age

34%

College-Educated

90%

High-School Grad

7.3 sq mi

ZIP Area

3,195

Density / Sq Mi

$55,076

Median Household Income

$34,476

Median Earnings

$1,151

Median Rent

$389,900

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Four commercial spaces and four upstairs residences provide distinct commercial and residential components.

Where is this mixed-use property located?

The property is located at 4 7th Street Eureka, CA.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: Four commercial units and four residential units in one building; 6,480 square feet of building area; Built in 1923 on a corner lot in Eureka