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    Eureka Warehouse For Sale Title is generated by Realmo AI

    449 W Clark Street, Eureka, CA 95501

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    13,500 sq ft commercial warehouse in high-traffic location.

    Type:Industrial
    Property size:
    13,500 SF
    Price / SF:
    $92/SF
    Added:
    Nov 13, 2024
    Days on Market:
    554
    Last Refresh:
    May 13 at 12:06 am

    Property Features for 449 W Clark Street

    General Information

    Standard status
    Active
    Size
    13,500 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    J.B. Mathers

    Listing agent J.B. Mathers License #CA

    Listing office Coldwell Banker Commercial Pacific Partners Real Estate

    Listing date Nov 13, 2024

    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 Coldwell Banker Commercial Pacific Partners Real Estate

    HighLights

    • Prime location just off Broadway/Highway 101, offering high visibility and easy access.
    • Large 13,500 sq ft commercial warehouse suitable for various business uses.
    • Includes office space and a mezzanine area, providing versatile workspace configurations.
    • Multiple roll‑up doors for convenient loading and unloading.
    • Features 220‑volt power, accommodating a wide range of equipment needs.
    • Well‑maintained property built in 1985 with perimeter fencing and sidewalk access.

    Overview

    Located at 449 W Clark Street in Eureka, this commercial warehouse offers 13,500 square feet of space. Constructed in 1985, the property is situated just off Broadway/Highway 101. The building includes office space and a mezzanine area. Multiple roll-up doors provide access. The property is equipped with 220-volt power. Perimeter fencing and sidewalk access are present. The location is described as strategic and high-traffic, offering investment potential. The property is suitable for a range of business uses.

    Financial Insights

    Value Estimation Calculated for Warehouse

    Conservative
    $1.06M
    NOI $95,633 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.37M
    NOI $95,633 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.91M
    NOI $95,633 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Warehouse

    Component $ $/SF
    Gross rent $121.5k $9.00
    − Vacancy −$9.0k −$0.67
    EGI $112.5k $8.33
    − OpEx −$16.9k −$1.25
    NOI $95.6k $7.08
    13,500 SF · lease $9.00/SF/yr · vacancy 7.40% · expense 15.00%

    Alternative Use Scenarios

    Best Use
    Warehouse
    $1.37M
    $1.20M – $1.59M (±1% cap)
    NOI $95,633 @ 7.0% cap · market cap 7.65%
    Second Best
    Industrial
    $1.13M
    $984.5K – $1.31M (±1% cap)
    NOI $78,756 @ 7.0% cap · market cap 6.30%
    Theoretical Best
    Flex RnD
    $5.10M
    $4.46M – $5.95M (±1% cap)
    NOI $356,872 @ 7.0% cap · market cap 28.55%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Barrera Auto Repair ... Auto Repair Shop Barrera BENTELLI Dealer ... Specialty Food Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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

    • Sherlock Mini Storage — 901 W Del Norte St, Eureka, CA 95501
    • Rainbow Self-Storage — 639 W Clark St, Eureka, CA 95501
    • National Will Depository — 100 H St, Eureka, CA 95501
    • North American Van Lines — 1433 Broadway St Suite 100 B, Eureka, CA 95501
    • Humboldt Moving & Storage — 1433 Broadway St Suite 100, Eureka, CA 95501

    Location Insight

    • Map
    • Local Demand
    City
    Eureka
    County
    Humboldt
    State
    California
    Longitude
    -124.1764896
    Latitude
    40.7963475

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    FAQs

    What type of property is this?
    Warehouse - 13,500 sq ft commercial warehouse in high-traffic location.
    Where is this warehouse located?
    The property is located at 449 W Clark Street Eureka, CA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Prime location just off Broadway/Highway 101, offering high visibility and easy access.; Large 13,500 sq ft commercial warehouse suitable for various business uses.; Includes office space and a mezzanine area, providing versatile workspace configurations.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    J.B. Mathers
    Real Estate License ID: CA
    Learn More
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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.

    More about this property
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