Dual Office Property For
715 S Dora #1 & 2 Ukiah, CA 95482
715 S Dora #1 & 2, Ukiah, CA, 95482
$549,000
For Sale
$549,000
Two updated office buildings with income and flexible use potential.
Property Size2,676 SF
Lot Size0.22 Acres
Price / SF$205.16
Days on Market326
Property Features for 715 S Dora #1 & 2
General Information
- Standard status
- Active
- Size
- 2,676 SF
- Lot size
- 0.22 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1962
Listing Agency
EXP REALTY OF CALIFORNIA, INC
9559903
Listed by
CARISSA M SADLIER · License #02219601
Source
Corcoran
Added: Aug 26, 2025 Checked: Jul 17 at 3:17 am
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
Investment Insights
Based on property information with market context.
This well-maintained property features two updated office buildings, offering flexible use and long-term potential. Located in Ukiah, the property at 715 S. Dora (approximately 864 sq. ft.) is currently leased, providing immediate income. It includes a small reception area, one office, a half bath, and multiple rooms, one of which has an additional sink. The building at 721 S. Dora (approximately 1,812 sq. ft.) is a tenant-occupied medical office, featuring a reception area, a spacious waiting area, multiple offices, storage space, and a break room. The property was originally designed as two units with separate meters, offering flexible future use. Private parking is available for both buildings, along with a small outdoor area suitable for seating or storage. Recent upgrades include new roofs, HVAC systems, fresh paint, and sewer lateral lines. A convenient easement/right-of-way through the adjacent property on Mill and Dora provides easy access. The property is located in a high-traffic area, offering excellent visibility for any business.
Key Highlights
- Dual office buildings offer immediate income from existing leases and long‑term investment potential.
- Prime Ukiah location on high‑traffic Dora Street ensures excellent visibility.
- Recent upgrades including new roofs and HVAC systems minimize maintenance costs.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.4k | $22.56 |
| − Vacancy | −$8.6k | −$3.20 |
| EGI | $51.8k | $19.36 |
| − OpEx | −$12.9k | −$4.84 |
| NOI | $38.8k | $14.52 |
2,676 SF · lease $22.56/SF/yr · vacancy 14.20% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Two updated office buildings with income and flexible use potential.
Where is this medical office space located?
The property is located at 715 S Dora #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: Dual office buildings offer immediate income from existing leases and long‑term investment potential.; Prime Ukiah location on high‑traffic Dora Street ensures excellent visibility.; Recent upgrades including new roofs and HVAC systems minimize maintenance costs.
