Two-Suite Storefront
For Sale
$499,000
704 N State St, Ukiah, CA 95482
Two distinct commercial suites offer separate entrances, natural light, and onsite parking.
Property Size1,770 SF
Lot Size0.76 Acres
Price / SF$281.92
Days on Market48
Property Features for 704 N State St
General Information
Standard status
Active
Size
1,770 SF
Lot size
0.76 Acres
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
both currently needing some TLC
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Amenities
onsite parking lot
front porch
fireplace
Building Details
Building Size
1,770 SF
Year Built
1910
Buildings
3
Stories
1
Construction
craftsman
Tenancy
Multi
Listing Agency:
W Real Estate
Listed By:
Todd Schapmire · License #01414195
(707) 570-9855
Source:
Elliman
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 26 at 5:57PM
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 W 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.
Built in 1910, this approximately 1,770-square-foot storefront property occupies 0.76 acres along North State Street. The building contains two separately accessed commercial suites. The front space is configured as a salon with laminate hardwood floors and a front porch, while the rear suite includes a reception and waiting area, fireplace, private offices, kitchenette, and bathroom. A detached cottage of approximately 322 square feet and a detached garage add additional structures for renovation or repurposing.
The property includes a spacious onsite parking lot and sits on State Street in Ukiah, a corridor connecting Highway 101 with the city center. Its address at 704 N State places the building within reach of downtown shops, restaurants, and municipal offices. The two-suite layout accommodates a range of existing and potential commercial uses, including retail, professional services, medical office, and general office space.
The property includes a spacious onsite parking lot and sits on State Street in Ukiah, a corridor connecting Highway 101 with the city center. Its address at 704 N State places the building within reach of downtown shops, restaurants, and municipal offices. The two-suite layout accommodates a range of existing and potential commercial uses, including retail, professional services, medical office, and general office space.
Key Highlights
- 0.76‑acre storefront property at 704 N State, Ukiah, CA 95482
- Approximately 1,770 square feet with two separately accessed commercial suites
- Front suite includes salon improvements, laminate hardwood floors, and a front porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,364
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$787,280
$787.3K
Cap Rate 7%
$562,343
$562.3K
Cap Rate 9%
$437,378
$437.4K
Market Conditions
NOI Build-Up for 1,770 SF
Gross rent
$76.5K $43.20/SF
− Vacancy
−$10.9K −$6.13/SF
EGI
$65.6K $37.07/SF
− OpEx
−$26.2K −$14.83/SF
NOI
$39.4K $22.24/SF
Area
Mendocino County, CA
Vacancy
14.20%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$787,280
Cap Rate 7%
$562,343
Cap Rate 9%
$437,378
Alternative Uses
Best Use
Healthcare Medical
$562.3K
$492.1K – $656.1K
NOI $39,364 @ 7.0% cap · market cap 7.89%
Second Best
Office B
$367.1K
$321.2K – $428.3K
NOI $25,696 @ 7.0% cap · market cap 5.15%
Theoretical Best
Flex RnD
$661.7K
$579.0K – $772.0K
NOI $46,322 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95482, CA
33,276
Population
13,143
Households
2.5
Avg Household Size
39
Median Age
21%
College-Educated
84%
High-School Grad
294.2 sq mi
ZIP Area
113
Density / Sq Mi
$70,063
Median Household Income
$38,707
Median Earnings
$1,335
Median Rent
$473,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- rain forest fantasy — 119 N State St, Ukiah, CA 95482
- W/E Flowers-Ukiah Flower Shop — 352 N State St, Ukiah, CA 95482
Frequently Asked Questions
What type of property is this?
Storefront property - Two distinct commercial suites offer separate entrances, natural light, and onsite parking.
Where is this storefront property located?
The property is located at 704 N State St Ukiah, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 0.76‑acre storefront property at 704 N State, Ukiah, CA 95482; Approximately 1,770 square feet with two separately accessed commercial suites; Front suite includes salon improvements, laminate hardwood floors, and a front porch
