Corner Lot with Dual
For Sale
$525,000
491 H Street, Arcata, CA 95521
Commercial Sale, Arcata, CA
Property Size1,474 SF
Lot Size0.51 Acres
Price / SF$356.17
Days on Market97
Property Features for 491 H Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Single Family
Parking features
Other
Security features
Security System
Interior features
Security System
Fireplace
1
Directions
Corner of 5th and H Street
Subdivision
North Bay
Standard status
Active
Size
1,474 SF
Lot size
0.51 Acres
Building Details
Flooring type
Carpet, Vinyl
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
Ming Tree, Inc.
(707) 445-4500
Listed By:
Darla McKenzie · License #01164724
(707) 499-5041
Added: May 27
Changed: Aug 26
Last Checked: Aug 31 at 6:06AM
MLS# 272427
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 for-sale property includes a corner lot and an existing home with approximately 1,474 square feet. The lot has been in the same family since it was built, offering continuity of ownership and a built-in structure on the site.
According to the public remarks, the property is zoned for both commercial/general and residential/medium density use. The lot extends to Samoa Blvd and also has access from Samoa Blvd, providing direct site connectivity for future use planning.
At 0.51 acres, the configuration supports flexibility from the standpoint of zoning and site access, while retaining the current single-family residence as part of the offering.
According to the public remarks, the property is zoned for both commercial/general and residential/medium density use. The lot extends to Samoa Blvd and also has access from Samoa Blvd, providing direct site connectivity for future use planning.
At 0.51 acres, the configuration supports flexibility from the standpoint of zoning and site access, while retaining the current single-family residence as part of the offering.
Key Highlights
- 0.51‑acre corner lot in Arcata extends to Samoa Blvd and includes access from Samoa Blvd
- Zoning includes commercial/general plus residential/medium density
- Fireplace in the home
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
$17,552
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
3.34%
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%
$351,040
$351.0K
Cap Rate 7%
$250,743
$250.7K
Cap Rate 9%
$195,022
$195.0K
Market Conditions
NOI Build-Up for 1,474 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
$34.3K $23.28/SF
− Vacancy
−$2.4K −$1.63/SF
EGI
$31.9K $21.65/SF
− OpEx
−$14.4K −$9.74/SF
NOI
$17.6K $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 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%
$351,040
Cap Rate 7%
$250,743
Cap Rate 9%
$195,022
Alternative Uses
Best Use
Apartment 5plus
$250.7K
$219.4K – $292.5K
NOI $17,552 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$556.6K
$487.1K – $649.4K
NOI $38,965 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,369
Businesses Nearby
Explore this area
Business Placement
Demographics for 95521, CA
21,581
Population
9,797
Households
2.2
Avg Household Size
30
Median Age
45%
College-Educated
95%
High-School Grad
60.4 sq mi
ZIP Area
357
Density / Sq Mi
$54,324
Median Household Income
$24,129
Median Earnings
$1,300
Median Rent
$478,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Dual-zoned corner lot with access from Samoa Blvd, plus an existing home on the property.
Where is this commercial land located?
The property is located at 491 H Street Arcata, CA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 0.51‑acre corner lot in Arcata extends to Samoa Blvd and includes access from Samoa Blvd; Zoning includes commercial/general plus residential/medium density; Fireplace in the home
