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564 Dora St Ukiah, CA 95482

Sponsored
For Sale
$2,650,000

Prime Medical Office, 100% Occupancy

Property size:
22,505 SF

Description

Added:
Dec 11, 2024
Days on Market:
397
This exceptional investment opportunity presents a stabilized multi-tenant medical office complex in Ukiah, California. The property comprises two single-story buildings totaling 22,505 net rentable square feet, situated on a 1.21-acre lot. Currently boasting 100% occupancy with eight tenants, the property generates a substantial net operating income (NOI) of $180,006, yielding a compelling 6.79% capitalization rate. The asking price is $2,650,000, representing a significant value proposition considering a recent appraisal of $2,850,000 (October 2022). Built in 1950, the Class B property benefits from ample parking (1.2 spaces per 1,000 sq ft) and is zoned CN. The property's location at 564 S Dora St, Ukiah, CA 95482, places it within a desirable residential area. The property includes two parcels (APN: 001-291-33-00, 001-291-29-00) and features a long-term, stable tenancy, previously occupied by the Ukiah General Hospital and now housing quasi-public service providers. A handyman is currently on-site and may be available to continue assisting the new owner. This is a rare opportunity to acquire a well-maintained, income-producing asset in a strong market. The property's history of stable tenancy and recent appraisal support its strong investment potential.

Property Features for 564 Dora St

General Information

Property type
Medical offices
Square Feet
22,505 SF
Class
B
Lot Size
52,708 SF

Building Details

Year Built
1950
Buildings
2
Stories
1

HighLights

  • Priced below a recent appraisal of $2,850,000 (October 2022).
  • Multi‑tenant medical office building with eight tenants.
  • Ample parking (1.2 spaces per 1,000 sq ft).
  • Includes two parcels (APN: 001‑291‑33‑00, 001‑291‑29‑00).
  • Desirable residential location in Ukiah, CA.
Property Profile Location Intelligence

Current Use by Public Records

Patricia Douthwaite Acupuncturist Project Sanctuary Association / Organization Gaustad Mimi Nursing Agency Turner Michael MD Doctor Valente-Moore Gina Nursing Agency

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Ukiah
County
Mendocino
State
California
Longitude
-123.2115987687
Latitude
39.145818636827

FAQs

What type of property is this?
Medical office - Prime Medical Office, 100% Occupancy
Where is this medical office located?
The property is located at 564 Dora St Ukiah, CA.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Priced below a recent appraisal of $2,850,000 (October 2022).; Multi-tenant medical office building with eight tenants.; Ample parking (1.2 spaces per 1,000 sq ft).
More about this property
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