Mixed-Use Property with
For Sale
$1,999,000
4611 Central Ave, McKinleyville, CA 95519
Combined residential and commercial improvements include a tavern, mini-market areas, and additional space for permitted commercial uses.
Property Size9,000 SF
Days on Market34
Property Features for 4611 Central Ave
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Investment
Units
Unit Mix
1 x 3BR/1BA, 9 x 2BR/1BA
Multifamily Units
10
Building Details
Building Size
9,000 SF
Year Built
1990
Units
12
Tenancy
Multi
Listing Agency:
Fortune Real Estate Enterprise
Listed By:
Franco Pepe · License #01391797
(714) 791-6060
Source:
Elliman
Added: Sep 4
Changed: Sep 23
Last Checked: Oct 5 at 4:43PM
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 Fortune Real Estate Enterprise
Investment Insights
Based on property information with market context.
This mixed-use property combines residential units with commercial improvements, including the historic Clam Beach Tavern and adjoining mini-market shop areas. The residential component includes a three-bedroom, one-bath unit with central heating and a great room featuring a fireplace, plus 9 smaller units historically used as rentals. Several of the smaller units have two bedrooms and one bath, with updated interiors and off-street parking.
The property also includes 5,000 square feet of commercial space currently available for lease. Existing refrigerators and equipment remain in place. The commercial areas may accommodate a tavern or lounge, retail, event venue, or other permitted uses, subject to applicable requirements. Located at 4611 Central Ave in McKinleyville, the property was built in 1990 and has a Walk Score of 0 and Bike Score of 23.
The property also includes 5,000 square feet of commercial space currently available for lease. Existing refrigerators and equipment remain in place. The commercial areas may accommodate a tavern or lounge, retail, event venue, or other permitted uses, subject to applicable requirements. Located at 4611 Central Ave in McKinleyville, the property was built in 1990 and has a Walk Score of 0 and Bike Score of 23.
Key Highlights
- Mixed‑use property with residential units and commercial spaces
- Historic Clam Beach Tavern with adjacent mini‑market shop areas
- 5,000 sq ft of commercial space currently available for lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,169
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,143,380
$2.1M
Cap Rate 7%
$1,530,986
$1.5M
Cap Rate 9%
$1,190,767
$1.2M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$209.5K $23.28/SF
− Vacancy
−$14.7K −$1.63/SF
EGI
$194.9K $21.65/SF
− OpEx
−$87.7K −$9.74/SF
NOI
$107.2K $11.91/SF
Area
Humboldt County, CA
Vacancy
7.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,143,380
Cap Rate 7%
$1,530,986
Cap Rate 9%
$1,190,767
Alternative Uses
Best Use
Specialty Retail
$3.22M
$2.82M – $3.75M
NOI $225,237 @ 7.0% cap · market cap 11.27%
Second Best
Retail
$3.00M
$2.63M – $3.50M
NOI $210,221 @ 7.0% cap · market cap 10.52%
Theoretical Best
Flex RnD
$3.40M
$2.97M – $3.97M
NOI $237,915 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
10
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 95519, CA
18,421
Population
8,240
Households
2.2
Avg Household Size
41
Median Age
38%
College-Educated
94%
High-School Grad
53.8 sq mi
ZIP Area
342
Density / Sq Mi
$66,687
Median Household Income
$38,291
Median Earnings
$1,442
Median Rent
$432,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily 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?
Mixed-use property - Combined residential and commercial improvements include a tavern, mini-market areas, and additional space for permitted commercial uses.
Where is this mixed-use property located?
The property is located at 4611 Central Ave McKinleyville, CA.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Mixed‑use property with residential units and commercial spaces; Historic Clam Beach Tavern with adjacent mini‑market shop areas; 5,000 sq ft of commercial space currently available for lease
