Dual Office Property For
721 S Dora St, Ukiah, CA 95482
Two updated office buildings with income and long-term potential.
Type:Commercial
Property size:
1,812 SFLot size:
0.22 AcresPrice / SF:
$317/SF- Added:
- Mar 11, 2026
- Days on Market:
- 118
- Last Refresh:
- Jul 2 at 8:34 pm
Property Features for 721 S Dora St
General Information
- Standard status
- Active
- Size
- 1,812 SF
- Lot size
- 0.22 Acres
- Property subtype
- Commercial
Listing office eXp Realty of California, Inc. (707) 972-4046
Listing date Mar 11, 2026
Source Elliman
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.
HighLights
- Dual office buildings provide immediate income and long‑term investment potential.
- Prime Ukiah location on high‑traffic Dora Street ensures excellent visibility.
- Recent upgrades include new roofs and HVAC systems, minimizing future maintenance costs.
- Flexible use with two separate buildings (864 sq. ft. and 1,812 sq. ft.) with separate meters.
- Tenant‑occupied medical office provides stable income.
- Private parking and a small outdoor area enhance convenience.
Overview
This well-maintained dual office property presents an opportunity for income and long-term potential in a prime Ukiah location. The property consists of two updated office buildings offering flexible use. One building, located at 715 S. Dora and approximately 864 square feet, is currently leased, providing immediate income. It features a small reception area, an office, a half bath, and multiple rooms, including one with an additional sink. The second building, located at 721 S. Dora and 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 to serve 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. The location on Dora Street is a high-traffic area, offering excellent visibility for any business. This property is suitable for an investor or a professional seeking stable income and long-term upside.
Local Financial Insights For Healthcare Medical
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 | $78.3k | $43.20 |
| − Vacancy | −$11.1k | −$6.13 |
| EGI | $67.2k | $37.07 |
| − OpEx | −$26.9k | −$14.83 |
| NOI | $40.3k | $22.24 |
1,812 SF · lease $43.20/SF/yr · vacancy 14.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$575.7K
$503.7K – $671.6K
NOI $40,298 @ 7.0% cap · market cap 7.01%
Second Best
Office B
$375.8K
$328.8K – $438.4K
NOI $26,305 @ 7.0% cap · market cap 4.57%
Theoretical Best
Flex RnD
$677.4K
$592.8K – $790.4K
NOI $47,421 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with local authorities.
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
Similar Places Nearby
- Micheal L Tran MD — 721 S Dora St, Ukiah, CA 95482
- Ukiah Veterinary Hospital — 1328 S State St, Ukiah, CA 95482
- Helms Tim DVM — 1240 Airport Park Blvd #5999, Ukiah, CA 95482
- Dr. Charlotte Burns — 1240 Airport Park Blvd #5999, Ukiah, CA 95482
- Dr. Sara Rice — 1240 Airport Park Blvd #5999, Ukiah, CA 95482
Location Insight
- Map
- Local Demand
- City
- Ukiah
- County
- Mendocino
- State
- California
- Longitude
- -123.211
- Latitude
- 39.1444
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Two updated office buildings with income and long-term potential.
Where is this medical office space located?
The property is located at 721 S Dora St 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: Dual office buildings provide immediate income and long‑term investment potential.; Prime Ukiah location on high‑traffic Dora Street ensures excellent visibility.; Recent upgrades include new roofs and HVAC systems, minimizing future maintenance costs.
