Dual-Building Medical Office
For Sale
$549,000
715-721 S Dora St #1 & 2, Ukiah, CA 95482
Separate meters, private parking, and varied room configurations support the two-building property.
Property Size2,676 SF
Price / SF$205.16
Days on Market435
Property Features for 715-721 S Dora St #1 & 2
General Information
Standard status
Active
Size
2,676 SF
Occupancy
100%
Additional Details
Office Units
2
Tenant in Place
Yes
Property Use
Office
Amenities
small outdoor area
Building Details
Year Built
1962
Buildings
2
Tenancy
Multi
Listing Agency:
eXp Realty of California, Inc
Listed By:
Carissa M Sadlier · License #02219601
(707) 972-4046
Source:
Somorealty
Added: Aug 26, 2025
Changed: Nov 1
Last Checked: Nov 1 at 4:06PM
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 eXp Realty of California, Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 715–721 S. Dora St. in Ukiah, this medical office property consists of two buildings totaling 2,676 square feet. The 715 building is approximately 864 square feet, with reception space, an office, a half bath, and several additional rooms, including one with a sink. The 721 building is approximately 1,812 square feet and includes a reception area, waiting room, offices, storage, and a break room. Both buildings are tenant-occupied; the smaller building is leased, and the larger serves as a medical office. The original two-unit layout has separate meters.
Improvements include new roofs, HVAC systems, fresh paint, and sewer lateral lines. Private parking serves the buildings, with a small outdoor area also on site. An easement/right-of-way through the adjacent property at Mill and Dora provides access.
Improvements include new roofs, HVAC systems, fresh paint, and sewer lateral lines. Private parking serves the buildings, with a small outdoor area also on site. An easement/right-of-way through the adjacent property at Mill and Dora provides access.
Key Highlights
- Two buildings total 2,676 square feet
- 715 S. Dora: approximately 864 square feet; reception, office, half bath, and multiple rooms
- 721 S. Dora: approximately 1,812 square feet; waiting area, offices, storage, and break room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,848
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,960
$777.0K
Cap Rate 7%
$554,971
$555.0K
Cap Rate 9%
$431,644
$431.6K
Market Conditions
NOI Build-Up for 2,676 SF
Gross rent
$60.4K $22.56/SF
− Vacancy
−$8.6K −$3.20/SF
EGI
$51.8K $19.36/SF
− OpEx
−$12.9K −$4.84/SF
NOI
$38.8K $14.52/SF
Area
Mendocino County, CA
Vacancy
14.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,960
Cap Rate 7%
$554,971
Cap Rate 9%
$431,644
Alternative Uses
Best Use
Healthcare Medical
$850.2K
$743.9K – $991.9K
NOI $59,513 @ 7.0% cap · market cap 10.84%
Second Best
Office B
$555.0K
$485.6K – $647.5K
NOI $38,848 @ 7.0% cap · market cap 7.08%
Theoretical Best
Flex RnD
$1.00M
$875.4K – $1.17M
NOI $70,032 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
Well-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
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Separate meters, private parking, and varied room configurations support the two-building property.
Where is this medical office space located?
The property is located at 715-721 S Dora St #1 & 2 Ukiah, CA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two buildings total 2,676 square feet; 715 S. Dora: approximately 864 square feet; reception, office, half bath, and multiple rooms; 721 S. Dora: approximately 1,812 square feet; waiting area, offices, storage, and break room
