Building Details

Buildings 1

Stories 2

Tenancy Single

Listing Agency: WELLS COMMERCIAL R.E. & INVESTMENT Show Phone

Listed By: DAVID WELLS · License #01700566 Show Phone

Source: Corcoran

Added: Aug 21 Changed: Oct 1 Last Checked: Oct 14 at 11:10PM

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 WELLS COMMERCIAL R.E. & INVESTMENT

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 freestanding office building was constructed in 1960 and contains approximately 7,334 square feet across two levels. The main floor measures approximately 4,867 square feet and includes private offices, cubicle areas, reception, restrooms, and storage. The approximately 2,467-square-foot upper level adds a break room, additional storage, and two large conference rooms. The entire building is leased to the County of Humboldt.

Positioned on a corner parcel at 4th and H streets in downtown Eureka, the property is one block from the Humboldt County Courthouse. Six on-site parking spaces serve the building, with multiple municipal parking lots located within a block. The property is zoned Downtown Commercial.

Key Highlights

• Approximately 7,334 SF office building on one parcel
• Two‑story layout with approximately 4,867 SF on the main floor and 2,467 SF upstairs
• Entire building leased to the County of Humboldt

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$95,524

Cap Rate

8.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,910,480 $1.9M

Cap Rate 7%

$1,364,629 $1.4M

Cap Rate 9%

$1,061,378 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,334 SF

Gross rent

$158.4K $21.60/SF

− Vacancy

−$31.0K −$4.23/SF

EGI

$127.4K $17.37/SF

− OpEx

−$31.8K −$4.34/SF

NOI

$95.5K $13.02/SF

Area

Humboldt County, CA

Vacancy

19.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,910,480

Cap Rate 7%

$1,364,629

Cap Rate 9%

$1,061,378

Alternative Uses

Best Use

Office B

$1.36M

$1.19M – $1.59M (±1% cap)

NOI $95,524 @ 7.0% cap · market cap 8.72%

Second Best

—

—

no second resolved use

Theoretical Best

Flex RnD

$2.77M

$2.42M – $3.23M (±1% cap)

NOI $193,874 @ 7.0% cap · market cap 17.71%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Community Corrections Resource ... County Government Office

Suggested Use

Top Pick Home Appliance Store Pet Grooming Service Florist (Bike/Boat/Book/etc) Store HVAC Service Pet 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

100%

Occupancy

Single-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,934

Businesses Nearby

Explore this area Business Placement

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 Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Similar For Sale Nearby

See more

Corner Office Building with Ample Parking

1806 E Street, Eureka, CA 95501

$360,000

2,736 SF

View details

Waterfront Mixed-Use Industrial Property

4051 Broadway, Eureka, CA 95503

$5,999,000

67,500 SF

View details

24-Unit Motel with Manager's Unit

1420 4th Street, Eureka, CA 95501

$1,200,000

0.45 Acres

View details

Two-Story Mixed-Use Building

4 7th Street, Eureka, CA 95501

$775,000

6,480 SF

View details

Multi-Tenant Shopping Center

401 + 417 5th Street, Eureka, CA 95501

$1,200,000

11,000 SF

View details

Mixed-Use Property with Fixtures

218 D Street, Eureka, CA 95501

$1,450,000

9,846 SF

View details

Eureka Commercial Building on Hwy 101

535 5th Street, Eureka, CA 95501

$639,000

9,162 SF

View details

Multifamily Property with Period Details

1625 G Street, Eureka, CA 95501

$299,000

6,540 SF

View details

Humboldt Bay Frontage Property

1901 Buhne Dr, Eureka, CA 95503

$1,600,000

5,200 SF

View details

Mixed-Use Property with Residential Unit

510 W Buhne Street, Eureka, CA 95501

$590,000

5,662 SF

View details

Multi-Tenant Storefront Building

533 F Street, Eureka, CA 95501

$925,000

14,162 SF

View details

Historic Mixed-Use Commercial Building

123 F Street, Eureka, CA 95501

$1,590,000

14,460 SF

View details

Frequently Asked Questions

What type of property is this?

Office building - Leased office property with private work areas, conference rooms, storage, and on-site parking in downtown Eureka.

Where is this office building located?

The property is located at 404 H Street Eureka, CA.

What is the asking price?

The asking price for this property is $1,095,000.

What are key features of this property?

This property features: Approximately 7,334 SF office building on one parcel; Two‑story layout with approximately 4,867 SF on the main floor and 2,467 SF upstairs; Entire building leased to the County of Humboldt