Warehouse-Style Flex
New
For Sale
$679,900
411 Railroad Avenue, Blue Lake, CA 95525
COMMERCIAL - Blue Lake, CA
Property Size8,705 SF
Lot Size0.62 Acres
Price / SF$78.10
Days on Market6
Property Features for 411 Railroad Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Subdivision
North Bay
Standard status
Active
Size
8,705 SF
Lot size
0.62 Acres
Building Details
Building materials
Wood Siding
Listing Agency:
Coldwell Banker Sellers Realty · Coldwell Banker Real Estate
(707) 822-4337
Listed By:
Sandra 'Sandi' DeLuca · License #01326943
(707) 834-0365
Added: Aug 5
Changed: Aug 6
Last Checked: Aug 10 at 9:06AM
MLS# 273060
Copyright © 2026 Humboldt Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 8,705-square-foot flex property at 411 Railroad Avenue combines a warehouse-style interior with soaring ceilings, roll-up doors, and 400-amp power. The building has wood siding and includes two bathrooms. Its prior use as a glass art studio provides a documented creative-workspace history, while the open format may accommodate a range of commercial concepts subject to buyer verification.
The property occupies 0.62 acres in downtown Blue Lake, a small-town arts community in California. Its setting places the building within the community context described for local events and destination-oriented activity. Commercial zoning is in place, and the property’s existing warehouse configuration and utility capacity provide the primary physical features for evaluation.
The property occupies 0.62 acres in downtown Blue Lake, a small-town arts community in California. Its setting places the building within the community context described for local events and destination-oriented activity. Commercial zoning is in place, and the property’s existing warehouse configuration and utility capacity provide the primary physical features for evaluation.
Key Highlights
- 8,705‑square‑foot flex property on 0.62 acres
- 400‑amp electrical service
- Warehouse‑style interior with soaring ceilings
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
$61,665
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
9.07%
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%
$1,233,300
$1.2M
Cap Rate 7%
$880,929
$880.9K
Cap Rate 9%
$685,167
$685.2K
Market Conditions
NOI Build-Up for 8,705 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
$78.3K $9.00/SF
− Vacancy
−$5.8K −$0.67/SF
EGI
$72.5K $8.33/SF
− OpEx
−$10.9K −$1.25/SF
NOI
$61.7K $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%
$1,233,300
Cap Rate 7%
$880,929
Cap Rate 9%
$685,167
Alternative Uses
Best Use
Flex RnD
$3.29M
$2.88M – $3.84M
NOI $230,117 @ 7.0% cap · market cap 33.85%
Second Best
Office B
$1.62M
$1.42M – $1.89M
NOI $113,381 @ 7.0% cap · market cap 16.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95525, CA
1,701
Population
860
Households
2
Avg Household Size
46
Median Age
37%
College-Educated
96%
High-School Grad
92.7 sq mi
ZIP Area
18
Density / Sq Mi
$65,250
Median Household Income
$36,818
Median Earnings
$1,221
Median Rent
$489,600
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.
Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned space with roll-up doors, high ceilings, and 400-amp electrical service.
Where is this flex space located?
The property is located at 411 Railroad Avenue Blue Lake, CA.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: 8,705‑square‑foot flex property on 0.62 acres; 400‑amp electrical service; Warehouse‑style interior with soaring ceilings
