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Building Details

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

Listed By: DAVID WELLS · License #01700566 Show Phone

Source: Corcoran

Added: Jan 10 Changed: Oct 1 Last Checked: Oct 14 at 11:30PM

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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 mixed-use waterfront property encompasses approximately 25.13 acres and 67,500 SF of improvements. The improvements include 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. Approximately 10 acres of surplus land provide additional yard, storage, and land lease capacity, with portions currently leased.

The property is positioned along Humboldt Bay between Arcata and Eureka, with access from US 101. Regional connectivity extends through US 101 and State Route 299 to I-5, supporting access across the broader area. The combination of retail, office, industrial, and land components creates a varied commercial configuration within one waterfront holding.

Key Highlights

• Approximately 25.13 acres along Humboldt Bay
• 67,500 SF of improvements across retail, office, and industrial components
• 12,148 SF retail building occupied by The United States Bakery

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$393,782

Cap Rate

6.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,875,640 $7.9M

Cap Rate 7%

$5,625,457 $5.6M

Cap Rate 9%

$4,375,356 $4.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 67,500 SF

Gross rent

$607.5K $9.00/SF

− Vacancy

−$45.0K −$0.67/SF

EGI

$562.5K $8.33/SF

− OpEx

−$168.8K −$2.50/SF

NOI

$393.8K $5.83/SF

Area

Humboldt County, CA

Vacancy

7.40%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,875,640

Cap Rate 7%

$5,625,457

Cap Rate 9%

$4,375,356

Alternative Uses

Best Use

Retail

$22.52M

$19.71M – $26.28M (±1% cap)

NOI $1,576,657 @ 7.0% cap · market cap 26.28%

Second Best

Office B

$12.56M

$10.99M – $14.65M (±1% cap)

NOI $879,174 @ 7.0% cap · market cap 14.66%

Theoretical Best

Flex RnD

$25.49M

$22.30M – $29.74M (±1% cap)

NOI $1,784,361 @ 7.0% cap · market cap 29.74%

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 Building Supply Electrical Service (Bike/Boat/Book/etc) Store Auto Parts Store Garden Center Kitchen & Bath Showroom

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

10

Office units

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

180

Businesses Nearby

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

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 - Diversified waterfront asset combining retail, office, industrial space, and surplus land with regional highway access.

Where is this mixed-use property located?

The property is located at 4051 Us Hwy 101 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: Approximately 25.13 acres along Humboldt Bay; 67,500 SF of improvements across retail, office, and industrial components; 12,148 SF retail building occupied by The United States Bakery