Flex Space with Roll-Up
For Sale
$679,900
411 Railroad Avenue, Blue Lake, CA 95525
Commercial Sale, Blue Lake, CA
Property Size8,705 SF
Lot Size0.62 Acres
Price / SF$78.10
Days on Market52
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: Sep 12
Last Checked: Sep 25 at 1:06AM
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 commercial building provides a warehouse-style interior with soaring ceilings, roll-up doors, and 400-amp electrical service. Wood siding defines the exterior, while two bathrooms support the existing layout. The property previously operated as a glass art studio and is zoned Commercial, offering a physical format suited to a range of creative, workshop, gallery, event, or production-oriented uses identified for the site.
Located at 411 Railroad Avenue in downtown Blue Lake, the building sits within the community’s arts-oriented commercial setting and is positioned near local community events. The 0.62-acre property combines a substantial building footprint with a distinctive existing structure and service capacity. Any future use, configuration, or redevelopment plans remain subject to buyer verification.
Located at 411 Railroad Avenue in downtown Blue Lake, the building sits within the community’s arts-oriented commercial setting and is positioned near local community events. The 0.62-acre property combines a substantial building footprint with a distinctive existing structure and service capacity. Any future use, configuration, or redevelopment plans remain subject to buyer verification.
Key Highlights
- 8,705 square feet of commercial building area
- 0.62‑acre property at 411 Railroad Avenue
- 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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
139
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse-style commercial space offers high ceilings, 400-amp power, and a flexible layout in downtown Blue Lake.
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 feet of commercial building area; 0.62‑acre property at 411 Railroad Avenue; Warehouse‑style interior with soaring ceilings
