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OFF-MARKET
Retail properties & Spaces

504-570 Perkins Ave Ukiah, CA 95482

199,585 SF
Property ID
Property summary
AI-generated overview

This exceptional retail opportunity presents 199,585 square feet of prime commercial space within the thriving Pear Tree Center in Ukiah, California. The center boasts a strong anchor tenant lineup including Lucky Supermarket, JC Penney, Ross Dress for Less, and Big 5 Sporting Goods, complemented by adjacent Home Depot and Kohl's. This grocery-anchored community center offers a diverse range of suite sizes, from a minimum of 688 square feet to a maximum contiguous space of 51,395 square feet, accommodating a variety of retail businesses. A total of 32 suites are available within the center, providing flexibility for multiple tenants. The property benefits from a highly visible location with direct access to Highway 101 via the E. Perkins interchange, ensuring high traffic counts and excellent exposure. Dedicated billboard signage on Highway 101, along with monument and building signage, further enhances visibility. Pear Tree Center serves as a regional draw for Mendocino and Lake Counties, benefiting from its proximity to Ukiah Valley Medical Center, downtown Ukiah, county offices, and the planned Mendocino County Courthouse. The center's expansive trade area extends up to fifty miles, offering significant market reach. Junior anchor, pad, and shop spaces are available, providing options for various business needs. This is a unique opportunity to establish a presence in Ukiah's strongest retail corridor, within a well-established and highly visible shopping center. The property's strategic location and strong tenant mix make it an ideal investment for discerning businesses seeking a prominent location in a growing market. Cross street access is provided via North Orchard Ave.

Property profile
Verified
Property type Retail properties & Spaces
Total area 199,585 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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