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    Ukiah Retail/Office Space Available Title is generated by Realmo AI

    1252 Airport Park Blvd, Ukiah, CA 95482

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    Retail or office spaces for lease in Ukiah's Airport Business Park.

    Type:Retail, Office
    Property size:
    1,385 SF
    Lot size:
    2.14 Acres
    Added:
    Sep 2, 2020
    Days on Market:
    2102
    Last Refresh:
    May 12 at 8:11 pm

    Property Features for 1252 Airport Park Blvd

    General Information

    Standard status
    Active
    Size
    1,385 SF
    Lot size
    2.14 Acres
    Property subtype
    Retail, Office

    Building Details

    Year Built
    2005

    Spaces For Lease

    at 1252 Airport Park Blvd Contact us

    Suite B-7 $1.50/Mo

    Size
    1,385 SF
    Type
    Retail
    Contact us

    Suite C-6 $1.50/Mo

    Size
    750 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Todd Schapmire

    Listing agent Todd Schapmire License #CA 01414195

    Listing office W Real Estate

    Listing date Sep 2, 2020

    Source Crexi

    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

    HighLights

    • Prime location in Ukiah's Airport Business Park with high visibility and accessibility.
    • Flexible space configurations suitable for retail or office use (750‑1,385 sq ft).
    • Ample on‑site parking on a 2.14‑acre lot.
    • Excellent frontage and easy access to Highway 101.
    • Surrounded by a strong mix of national and local retailers, services, and restaurants.
    • Well‑maintained shopping center built in 2005.

    Overview

    Located in the heart of Ukiah's Airport Business Park, Park Falls Plaza offers spaces for lease suitable for retail or office tenants. Constructed in 2005, this well-maintained shopping center has a total area of 29,885 square feet. The property features two available spaces, ranging in size from approximately 750 to 1,385 square feet, providing flexible configurations suitable for a variety of retail or professional office uses. The layout and infrastructure can accommodate both open retail concepts and segmented office environments. Situated on 2.14 acres, the property includes a large on-site parking lot. The location provides excellent frontage and accessibility, benefiting from its proximity to Highway 101. The center is surrounded by a mix of national and local retailers, professional services, and dining establishments, contributing to consumer draw and foot traffic. Nearby businesses include Costco, Walmart, Friedman's Home Improvement, Staples, Hampton Inn, Comfort Inn, Panda Express, Applebee's, Starbucks, Tractor Supply, Fowler Auto Center, Food Maxx, and Les Schwab Tire Center. The property is located in one of Mendocino County’s primary retail hubs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Park Falls Dental Dental Office Dr. John E. ... Dental Office Barry Kenneth DDS Dental Office Mi Pueblito Restaurant US Agricultural Department Sustainability Organization

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — Save Mart, 1235 Airport Park Blvd, Ukiah, CA 95482

    Location Insight

    • Map
    • Local Demand
    City
    Ukiah
    County
    Mendocino
    State
    California
    Longitude
    -123.1992643
    Latitude
    39.1288827

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    FAQs

    What type of property is this?
    Shopping center - Retail or office spaces for lease in Ukiah's Airport Business Park.
    Where is this shopping center located?
    The property is located at 1252 Airport Park Blvd Ukiah, CA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Prime location in Ukiah's Airport Business Park with high visibility and accessibility.; Flexible space configurations suitable for retail or office use (750‑1,385 sq ft).; Ample on‑site parking on a 2.14‑acre lot.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Todd Schapmire
    Real Estate License ID: CA 01414195
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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