Mixed-Use Property with Retail and
For Sale
$550,000
511-515 Henderson Street, Eureka, CA 95501
Two retail units complement two one-bedroom apartments in a compact mixed commercial and residential layout.
Property Size2,510 SF
Price / SF$219.12
Days on Market421
Property Features for 511-515 Henderson Street
General Information
Standard status
Active
Size
2,510 SF
Total Parking Spaces
1
Property subtype
Residential Income / Multi Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
Forced Air, Wall Furnace, Space Heater
Carpet, Vinyl
Range, Refrigerator
Yes
Sidewalks
Building Details
Year Built
1908
Listing Agency:
C.B. Commercial Pacific Partners Real Estate
Listed By:
JB Mathers · License #01872025
(707) 442-2222
Source:
Compass
Added: Aug 21, 2025
Changed: Oct 11
Last Checked: Oct 15 at 2:11AM
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 C.B. Commercial Pacific Partners Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 511-515 Henderson Street in Eureka, this 2,510-square-foot mixed-use property combines two small retail units with two one-bedroom, one-bath apartments. The 1908 building includes an attached one-car garage serving Apt B, along with forced-air, space-heater, and wall-furnace systems. Carpet and vinyl flooring are present, and the apartments include ranges and refrigerators.
Each unit has its own PG&E meter for electricity and gas. A brand-new roof is among the recent property improvements. The two retail spaces and two residential apartments create a four-unit configuration within the building, with existing tenants interested in remaining in their respective units.
Each unit has its own PG&E meter for electricity and gas. A brand-new roof is among the recent property improvements. The two retail spaces and two residential apartments create a four-unit configuration within the building, with existing tenants interested in remaining in their respective units.
Key Highlights
- 2,510‑square‑foot mixed‑use property at 511‑515 Henderson Street, Eureka, CA 95501
- Two small retail units plus two one‑bedroom, one‑bath apartments
- Individual PG&E electricity and gas meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,888
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,760
$597.8K
Cap Rate 7%
$426,971
$427.0K
Cap Rate 9%
$332,089
$332.1K
Market Conditions
NOI Build-Up for 2,510 SF
Gross rent
$58.4K $23.28/SF
− Vacancy
−$4.1K −$1.63/SF
EGI
$54.3K $21.65/SF
− OpEx
−$24.5K −$9.74/SF
NOI
$29.9K $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%
$597,760
Cap Rate 7%
$426,971
Cap Rate 9%
$332,089
Alternative Uses
Best Use
Retail
$837.5K
$732.9K – $977.1K
NOI $58,628 @ 7.0% cap · market cap 10.66%
Second Best
Apartment 5plus
$427.0K
$373.6K – $498.1K
NOI $29,888 @ 7.0% cap · market cap 5.43%
Theoretical Best
Flex RnD
$947.9K
$829.4K – $1.11M
NOI $66,352 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
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 Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two retail units complement two one-bedroom apartments in a compact mixed commercial and residential layout.
Where is this mixed-use property located?
The property is located at 511-515 Henderson Street Eureka, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,510‑square‑foot mixed‑use property at 511‑515 Henderson Street, Eureka, CA 95501; Two small retail units plus two one‑bedroom, one‑bath apartments; Individual PG&E electricity and gas meters for each unit
