Eureka Warehouse For
For Sale
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449 W Clark Street, Eureka, CA 95501
13,500 sq ft commercial warehouse in high-traffic location.
Property Size13,500 SF
Price / SF$92.59
Days on Market647
Property Features for 449 W Clark Street
General Information
Standard status
Active
Size
13,500 SF
Property subtype
Industrial
Zoning
ML-CZ
Listing Agency:
Coldwell Banker Commercial Pacific Partners Real Estate
Listed By:
J.B. Mathers · License #CA
Source:
Crexi
Added: Nov 13, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:37AM
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 Coldwell Banker Commercial Pacific Partners Real Estate
Investment Insights
Based on property information with market context.
Located at 449 W Clark Street in Eureka, this commercial warehouse offers 13,500 square feet of space. Constructed in 1985, the property is situated just off Broadway/Highway 101. The building includes office space and a mezzanine area. Multiple roll-up doors provide access. The property is equipped with 220-volt power. Perimeter fencing and sidewalk access are present. The location is described as strategic and high-traffic, offering investment potential. The property is suitable for a range of business uses.
Key Highlights
- Prime location just off Broadway/Highway 101, offering high visibility and easy access.
- Large 13,500 sq ft commercial warehouse suitable for various business uses.
- Includes office space and a mezzanine area, providing versatile workspace configurations.
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
$95,633
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
7.65%
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%
$1,912,660
$1.9M
Cap Rate 7%
$1,366,186
$1.4M
Cap Rate 9%
$1,062,589
$1.1M
Market Conditions
NOI Build-Up for 13,500 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
$121.5K $9.00/SF
− Vacancy
−$9.0K −$0.67/SF
EGI
$112.5K $8.33/SF
− OpEx
−$16.9K −$1.25/SF
NOI
$95.6K $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%
$1,912,660
Cap Rate 7%
$1,366,186
Cap Rate 9%
$1,062,589
Alternative Uses
Best Use
Warehouse
$1.37M
$1.20M – $1.59M
NOI $95,633 @ 7.0% cap · market cap 7.65%
Second Best
Industrial
$1.13M
$984.5K – $1.31M
NOI $78,756 @ 7.0% cap · market cap 6.30%
Theoretical Best
Flex RnD
$5.10M
$4.46M – $5.95M
NOI $356,872 @ 7.0% cap · market cap 28.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,501
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Sherlock Mini Storage — 901 W Del Norte St, Eureka, CA 95501
- Rainbow Self-Storage — 639 W Clark St, Eureka, CA 95501
- National Will Depository — 100 H St, Eureka, CA 95501
- North American Van Lines — 1433 Broadway St Suite 100 B, Eureka, CA 95501
- Humboldt Moving & Storage — 1433 Broadway St Suite 100, Eureka, CA 95501
Frequently Asked Questions
What type of property is this?
Warehouse - 13,500 sq ft commercial warehouse in high-traffic location.
Where is this warehouse located?
The property is located at 449 W Clark Street Eureka, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime location just off Broadway/Highway 101, offering high visibility and easy access.; Large 13,500 sq ft commercial warehouse suitable for various business uses.; Includes office space and a mezzanine area, providing versatile workspace configurations.
