Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Established Restaurant Business Opportunity Title is generated by Realmo AI

    920 N State Street, Ukiah, CA 95482

    View on Map
    Claim this Listing
    For Sale
    $450,000

    Business Opportunity - Ukiah, CA

    Lot size:
    0.54 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    67
    Last Refresh:
    May 31 at 11:06 pm

    Property Features for 920 N State Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    001-351-42-00
    Lot size
    0.54 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Flooring type
    Tile, Wood
    Architectural style
    Other

    We can help!

    Listing Contact
    Christina Yates

    Listing agent Christina Yates License #01933788

    Listing office Luxe Places International Realty 601 South State St, CA

    Listing date Mar 26, 2026

    MLS# 326024862 Listing URL

    Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey, well‑established Vietnamese restaurant with a loyal customer base.
    • Includes a valuable liquor license for additional revenue.
    • Fully equipped commercial kitchen and dining area ready for immediate operation.
    • Located in a high‑visibility area in the heart of Ukiah.
    • Adjacent to Days Inn with ample parking.
    • State‑of‑the‑art window displays enhance visibility.

    Overview

    This is an opportunity to own a well-established Vietnamese restaurant located in Ukiah, California. The turnkey business is known for its authentic cuisine and loyal customer base. The restaurant space is fully equipped with a commercial kitchen, dining area, and all necessary fixtures, making it ready for immediate operation. The business includes a valuable liquor license, offering additional revenue potential. State-of-the-art window displays enhance visibility. The property is adjacent to Days Inn and has ample parking. Situated in a high-visibility area, this is an ideal opportunity for an owner-operator or investor looking to step into a thriving restaurant business. The lot size is 0.5447 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Miss Saigon Pho ... Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Ukiah
    County
    Mendocino
    State
    California
    Longitude
    -123.2094462
    Latitude
    39.1598176

    Nearby Similar for Sale

    • $575,000
      2,676 SF

      Ukiah Commercial Office Property

      Two well-maintained office buildings with income and long-term potential.
      721 S Dora Street, Ukiah, CA 95482
      View Details
    • $289,000
      2,000 SF

      Ukiah Commercial Space For Sale

      Prime commercial space in Ukiah's established business district.
      252 N State, Ukiah, CA 95482
      View Details
    • $289,000
      2,000 SF

      Downtown Ukiah Commercial Space Available

      Prime commercial space in Ukiah's established business district.
      252 N State Street, Ukiah, CA 95482
      View Details
    • $549,000
      3,530 SF

      Downtown Ukiah Corner Commercial Property

      Prime corner commercial property in the heart of downtown Ukiah.
      290 S School, Ukiah, CA 95482
      View Details
    • $289,000

      Downtown Ukiah Commercial Space Available

      Prime commercial space in Ukiah's established business district.
      252 N State, Ukiah, CA 95482
      View Details
    • $3,900,000
      9,231 SF

      Modern Industrial/Automotive Property in Ukiah

      New industrial/automotive property on 2.53 acres in Airport Business Park.
      1117 Commerce Dr, Ukiah, CA 95482
      View Details
    • $575,000
      2,676 SF

      Dual Office Property For Sale

      Two updated office buildings with income and flexible use.
      721 S Dora Street, Ukiah, CA 95482
      View Details
    • $1,700,000
      14,160 SF

      Highway-Accessible Industrial Investment Opportunity

      Three-building industrial complex near Highway 101 in Ukiah, California.
      2020 Industry, Ukiah, CA 95482
      View Details
    • $449,000
      1,278 SF

      State Street Commercial Space Available

      1,278 sq ft commercial space in high-traffic State Street location.
      735 S State, Ukiah, CA 95482
      View Details
    • $545,000
      2,400 SF

      Historic Ukiah Building For Sale

      Fully leased commercial property in downtown Ukiah with established tenants.
      320 S State, Ukiah, CA 95482
      View Details
    • $349,500
      1,250 SF

      Ukiah Office/Retail Building For Sale

      Two-unit office/retail building near courthouse and downtown Ukiah.
      185 E Church, Ukiah, CA 95482
      View Details
    • $2,000,000
      15,000 SF

      Renovated Industrial Investment Opportunity

      Recently renovated, fully leased industrial building in Ukiah, California.
      902 Waugh, Ukiah, CA 95482
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Turnkey Vietnamese restaurant with liquor license in Ukiah, California.
    Where is this conventional restaurant located?
    The property is located at 920 N State Street Ukiah, CA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Turnkey, well‑established Vietnamese restaurant with a loyal customer base.; Includes a valuable liquor license for additional revenue.; Fully equipped commercial kitchen and dining area ready for immediate operation.
    (707) 433-2000
    We can help!
    Listing Contact
    Christina Yates
    Real Estate License ID: 01933788
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    920 N State Street, Ukiah, CA 95482
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!