Flex Industrial Property with
988 California 36 Fortuna, CA 95540
New
For Sale
$1,950,000
COMMERCIAL - Fortuna, CA
Property Size6,850 SF
Lot Size3.00 Acres
Price / SF$284.67
Days on Market3
Property Features for 988 California 36
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Standard status
Active
Size
6,850 SF
Lot size
3.00 Acres
Building Details
Flooring type
Concrete
Building materials
Metal Siding, Aluminum Siding, Wood Siding
Roof type
Metal
Listing Agency:
Humboldt Equity, Inc.
(707) 682-8100
Listed By:
Matt Allen · License #01305904
(707) 498-3063
Added: Jul 27
Last Checked: Jul 29 at 10:06AM
MLS# 272963
Copyright © 2026 Humboldt Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This heavy industrial flex property includes two warehouse buildings on approximately three acres of flat, usable land. The wood warehouse is about 4,200 square feet and features roll-up doors along with retail space, office space, and ADA parking and bathroom. A second metal building is approximately 2,650 square feet. The site is compacted gravel, fully fenced and gated, and has a water well and drainage system. Power is supported by PGE three-phase service, and septic is in place. Phase 1 and Phase 2 clearance testing was completed in the past.
The property is located with frontage on State Hwy 36 near the Hwy 101 interchange. Zoning is identified as Commercial, with permitted uses and the ability to subdivide referenced in the documents and/or Humboldt GIS. The property is described as not located in flood, coastal, or earthquake zones.
Four different tenants currently occupy the property for cash flow. Real estate is for sale only; no business is included.
The property is located with frontage on State Hwy 36 near the Hwy 101 interchange. Zoning is identified as Commercial, with permitted uses and the ability to subdivide referenced in the documents and/or Humboldt GIS. The property is described as not located in flood, coastal, or earthquake zones.
Four different tenants currently occupy the property for cash flow. Real estate is for sale only; no business is included.
Key Highlights
- Three acres of flat industrial land with State Hwy 36 frontage near the Hwy 101 interchange
- Two warehouses: 4,200 SF wood warehouse with roll‑up doors, retail space, office space, ADA parking and bathroom
- 2,650 SF metal building on‑site
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $148.0k | $21.60 |
| − Vacancy | −$29.0k | −$4.23 |
| EGI | $119.0k | $17.37 |
| − OpEx | −$29.7k | −$4.34 |
| NOI | $89.2k | $13.02 |
6,850 SF · lease $21.60/SF/yr · vacancy 19.60% · expense 25.00%
Alternative Uses
Best Use
Flex RnD
$2.59M
$2.26M – $3.02M
NOI $181,080 @ 7.0% cap · market cap 9.29%
Second Best
Office B
$1.27M
$1.12M – $1.49M
NOI $89,220 @ 7.0% cap · market cap 4.58%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Warehouse - Three acres with two warehouses, including a wood building with roll-up doors, office/retail space, and ADA facilities.
Where is this warehouse located?
The property is located at 988 California 36 Fortuna, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Three acres of flat industrial land with State Hwy 36 frontage near the Hwy 101 interchange; Two warehouses: 4,200 SF wood warehouse with roll‑up doors, retail space, office space, ADA parking and bathroom; 2,650 SF metal building on‑site
