Waterfront Mixed-Use Industrial
For Sale
$5,999,000
4051 Broadway, Eureka, CA 95503
Multi-use asset on Humboldt Bay with retail, office suites, and 11-unit industrial space plus surplus land for yard storage.
Property Size67,500 SF
Lot Size25.13 Acres
Price / SF$88.87
Days on Market239
Property Features for 4051 Broadway
General Information
Standard status
Active
Size
67,500 SF
Lot size
25.13 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
10
Listing Agency:
Wells Commercial R.E. & Investment
(707) 444-3624
Listed By:
David Wells · License #01700566
(707) 832-9121
Source:
Exprealty
Added: Jan 9
Changed: Aug 20
Last Checked: Sep 4 at 10:33AM
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
Investment Insights
Based on property information with market context.
This multi-use waterfront property totals approximately 25.13 acres along Humboldt Bay and includes approximately 67,500 SF of improvements. The improvements comprise a 12,148 SF retail building occupied by The United States Bakery, a one-story office building with 10 suites totaling 2,353 SF, and 53,000 SF of industrial space arranged across 11 units.
The property is positioned between Arcata and Eureka and offers access and visibility from US 101. Additional connectivity is supported via State Route 299 to I-5.
An estimated 10 acres of surplus land is included for yard and storage use, with portions currently leased. Financial information is available upon request.
The property is positioned between Arcata and Eureka and offers access and visibility from US 101. Additional connectivity is supported via State Route 299 to I-5.
An estimated 10 acres of surplus land is included for yard and storage use, with portions currently leased. Financial information is available upon request.
Key Highlights
- Multi‑use waterfront property totaling approx. 25.13 acres along Humboldt Bay, with access and visibility from US 101 between Arcata & Eureka.
- Approx. 67,500 SF of improvements: 12,148 SF retail building occupied by The United States Bakery.
- One‑story office building with 10 suites totaling approx. 2,353 SF.
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
$478,163
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
7.97%
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%
$9,563,260
$9.6M
Cap Rate 7%
$6,830,900
$6.8M
Cap Rate 9%
$5,312,922
$5.3M
Market Conditions
NOI Build-Up for 67,500 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
$607.5K $9.00/SF
− Vacancy
−$45.0K −$0.67/SF
EGI
$562.5K $8.33/SF
− OpEx
−$84.4K −$1.25/SF
NOI
$478.2K $7.08/SF
Area
Humboldt County, CA
Vacancy
7.40%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$9,563,260
Cap Rate 7%
$6,830,900
Cap Rate 9%
$5,312,922
Alternative Uses
Best Use
Office B
$12.56M
$10.99M – $14.65M
NOI $879,174 @ 7.0% cap · market cap 14.66%
Second Best
Warehouse
$6.83M
$5.98M – $7.97M
NOI $478,163 @ 7.0% cap · market cap 7.97%
Theoretical Best
Flex RnD
$25.49M
$22.30M – $29.74M
NOI $1,784,361 @ 7.0% cap · market cap 29.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
10
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95503, CA
24,488
Population
10,738
Households
2.3
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
83.7 sq mi
ZIP Area
293
Density / Sq Mi
$76,708
Median Household Income
$36,822
Median Earnings
$1,485
Median Rent
$411,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Rainbow Self-Storage — 4055 Broadway St, Eureka, CA 95503
Frequently Asked Questions
What type of property is this?
Warehouse - Multi-use asset on Humboldt Bay with retail, office suites, and 11-unit industrial space plus surplus land for yard storage.
Where is this warehouse located?
The property is located at 4051 Broadway Eureka, CA.
What is the asking price?
The asking price for this property is $5,999,000.
What are key features of this property?
This property features: Multi‑use waterfront property totaling approx. 25.13 acres along Humboldt Bay, with access and visibility from US 101 between Arcata & Eureka.; Approx. 67,500 SF of improvements: 12,148 SF retail building occupied by The United States Bakery.; One‑story office building with 10 suites totaling approx. 2,353 SF.
