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    1230 Airport Park Blvd Ukiah, CA 95482

    Sponsored
    For Sale
    $4,660,000

    Panda Express & Shops, High NOI

    Property size:
    7,671 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,671 square foot retail property in Ukiah, CA, boasts a strong tenant mix anchored by a high-performing Panda Express drive-thru. Built in 2019, the single-building center sits on a 1.82-acre lot and includes an additional 0.67-acre developable pad. The property enjoys a prime location, shadowing a Costco, Walmart, and Food Maxx anchored center, with close proximity to Highway 101. Current tenants also include Sourdough & Co. and T-Mobile, creating a diverse and resilient tenant base. The property's current occupancy is 68%, generating a Net Operating Income (NOI) of $302,930, representing a 6.50% cap rate. The asking price is $4,660,000, translating to $607.48 per square foot. Panda Express, a major national quick-service restaurant chain, occupies a significant portion of the space and reports strong sales, with rent considered below market value. The additional developable land offers significant upside potential for future expansion or development within this thriving retail hub. This investment opportunity presents a compelling combination of strong current income, a desirable location, and future development potential.

    Property Features for 1230 Airport Park Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    7,671 SF
    Lot Size
    79,279 SF

    Building Details

    Year Built
    2019
    Buildings
    1

    HighLights

    • 2019‑built contemporary strip center in Ukiah's prime retail area, anchored by Panda Express, T‑Mobile, and Sourdough & Co., with strong traffic from nearby national retailers.
    • Anchored by a corporate Panda Express drive‑thru, a top‑performing QSR chain.
    • Panda Express pays below‑market rent and reports excellent sales at this location.
    • Includes a developable 0.67‑acre pad site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cannavine Cannabis Store Sears Hometown Department Store Dollar Tree Dollar Store Sears Appliance Repair Appliance Repair Service Student DocuPrep Financial Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ukiah
    County
    Mendocino
    State
    California
    Longitude
    -123.19851737779
    Latitude
    39.131156929534

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    FAQs

    What type of property is this?
    Restaurant - Panda Express & Shops, High NOI
    Where is this restaurant located?
    The property is located at 1230 Airport Park Blvd Ukiah, CA.
    What is the asking price?
    The asking price for this property is $4,660,000.
    What are key features of this property?
    This property features: 2019-built contemporary strip center in Ukiah's prime retail area, anchored by Panda Express, T-Mobile, and Sourdough & Co., with strong traffic from nearby national retailers.; Anchored by a corporate Panda Express drive-thru, a top-performing QSR chain.; Panda Express pays below-market rent and reports excellent sales at this location.
    Request Owner's contact information
    1230 Airport Park Blvd Ukiah, CA 95482
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    Ukiah, CA 95482
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    Realmo Value Estimation

    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.

    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.

    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
    1230 Airport Park Blvd Ukiah, CA 95482
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