Dual Office Property For
721 S Dora Street Ukiah, CA 95482
For Sale
$575,000
Two updated office buildings with income and flexible use.
Property Size2,676 SF
Lot Size0.22 Acres
Price / SF$214.87
Days on Market308
Property Features for 721 S Dora Street
General Information
- Standard status
- Active
- Size
- 2,676 SF
- Lot size
- 0.22 Acres
- Property subtype
- Commercial
Listing Agency:
EXP REALTY OF CALIFORNIA, INC
(888) 584-9427
Listed By:
CARISSA SADLIER · License #02219601
Source:
Corcoran
Added: Sep 20, 2025
Changed: Jul 6
Last Checked: Jul 23 at 9:12AM
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 dual office property presents an opportunity for income and flexible use in a prime Ukiah location. The property consists of two updated office buildings. The building at 715 S. Dora, approximately 864 square feet, is currently leased and provides immediate income. It features a small reception area, an office, a half bath, and multiple rooms, including one with an additional sink. The building at 721 S. Dora, approximately 1,812 square feet, is a thriving tenant-occupied medical office. It includes a welcoming reception area, a spacious waiting area, multiple offices, storage space, and a break room. Private parking is available for both buildings, along with a small outdoor area suitable for seating or storage. Originally designed as two units with separate meters, the property offers flexible future use. Recent upgrades include new roofs, HVAC systems, fresh paint, and new sewer lateral lines, enhancing its curb appeal. A convenient easement/right-of-way through the adjacent property on Mill and Dora provides easy access. Located on Dora, a high-traffic area, the property benefits from excellent visibility, making it suitable for various businesses. This property is ideal for an investor or professional seeking stable income and long-term upside.
Key Highlights
- Immediate income from leased office building and tenant‑occupied medical office.
- Prime Ukiah location with high traffic and excellent visibility.
- Recent upgrades including new roofs and HVAC systems.
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 10.35%
Second Best
Office B
$555.0K
$485.6K – $647.5K
NOI $38,848 @ 7.0% cap · market cap 6.76%
Theoretical Best
Flex RnD
$1.00M
$875.4K – $1.17M
NOI $70,032 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Micheal L Tran ...
Veterinary Clinic
Scott T. Gherini, ...
Physician
Arcadia Pain Management
Physician
Dana gray Ellamentary ...
High School
FAQs
What type of property is this?
Office building - Two updated office buildings with income and flexible use.
Where is this office building located?
The property is located at 721 S Dora Street Ukiah, CA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Immediate income from leased office building and tenant‑occupied medical office.; Prime Ukiah location with high traffic and excellent visibility.; Recent upgrades including new roofs and HVAC systems.
