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    2401 Broadway St Eureka, CA 95501
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    Property profile & analytics

    2401 Broadway St, Eureka, CA 95501

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    • Warehouses
    • 2,700 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • North Coast Mechanical / Hardware & Home Improvement / HVAC Service
    • Automotive Repair Solutions / Auto Repair Shop
    • Dream Automotive Repair / Auto Repair Shop

    Property Details for 2401 Broadway St

    Property type
    Warehouses
    Property subtype
    Land

    Description

    This 2,700 sq ft Eureka, CA property boasts a prime location on Highway 101, offering excellent visibility and accessibility for northbound and southbound traffic. The single-tenant building features a perfect blend of warehouse and retail/office space, making it highly versatile. The warehouse area encompasses 1,400 sq ft, enhanced by a mezzanine providing additional square footage. A separate 1,300 sq ft retail area includes a dedicated office. Recent improvements include fresh paint and flooring throughout, along with a newly resurfaced and restriped parking lot. The property is classified as Industrial, Land, with subtypes of Warehouse, Flex, and Commercial. The building consists of a single suite. Located at 2401 Broadway St, Eureka, CA 95501, this property presents a compelling opportunity for businesses seeking a well-maintained and strategically located space. Note that the property was pending as of December 9th, 2024.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Eureka
    County
    Humboldt
    State
    California
    Longitude
    -124.181
    Latitude
    40.7864

    Comparable in this City

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      1,722 SF

      47 3Rd St

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      47 3Rd St, Eureka, CA 95501
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      4,000 SF

      2930 Broadway St

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      2930 Broadway St, Eureka, CA 95501
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      1.34 Acres

      3220 Jacobs Ave

      MINI-WAREHOUSE, STORAGE
      3220 Jacobs Ave, Eureka, CA 95501-0907
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      2.18 Acres

      639 Clark St

      MINI-WAREHOUSE, STORAGE
      639 Clark St, Eureka, CA 95501-0104
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    • Value Estimation by Request
      0.19 Acres

      2237 3rd St

      WAREHOUSE, STORAGE
      2237 3rd St, Eureka, CA 95501-0815
      View Details

    Similar Nearby for Sale

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    • $450,000

      Eureka Warehouse with Highway Frontage

      1,472 SF warehouse with office and highway visibility.
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      13,500 SF

      Eureka Warehouse For Sale

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      Eureka Commercial Building For Sale

      Nearly 10,000 sq ft commercial building in Old Town Eureka.
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    • $79,000
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      Eureka Land Near Green Belt

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      Eureka Commercial Land on Highway

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    Similar Nearby for Lease

    • $10 SF/Yr
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      Eureka Warehouse: Prime Location

      4,000 SF Warehouse, Great Visibility
      2930 Broadway St, Eureka, CA 95501
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      Eureka Flex Space with Warehouse

      Flex retail/office/warehouse space with mezzanine and roll-up doors.
      3952 Jacobs Ave, Eureka, CA 95501
      View Details
    • Contact for pricing

      Eureka Warehouse Space For Rent

      2,132 sq ft warehouse space in prime Eureka location.
      47 W 3Rd St, Eureka, CA 95501
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      Eureka Industrial Warehouse Complex For Rent

      Industrial warehouse complex with truck parking and multiple loading docks.
      1100 W Del Norte St, Eureka, CA 95501
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    • Contact for pricing

      Remodeled Retail/Office Space Available

      Remodeled ground floor suite near Old Town Gazebo.
      420 3Rd St, Eureka, CA 95501
      View Details
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    2401 Broadway St
    Eureka, CA 95501
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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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