Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Ocean Dr McKinleyville, CA 95519

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Ocean Dr McKinleyville, CA 95519

    View on Map
    • Land
    • 32.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Ocean Dr

    Lot size
    32.00 lot acres
    Property type
    Land

    Description

    This exceptional 32-acre vacant land parcel presents a unique investment opportunity on the California coast in McKinleyville, Humboldt County. Located at 0 Ocean Drive, zip code 95519, this property boasts stunning ocean views and tranquil proximity to the Mad River. The expansive lot offers significant potential for various uses, though zoning currently restricts development to a caretaker's home. Ideal for those seeking recreational land, portfolio diversification, or environmental mitigation projects. The asking price is $249,900. The property's latitude and longitude coordinates are 40.9380335 and -124.1266988 respectively. Given its size and coastal location, this property represents a rare chance to own a significant piece of California's natural beauty. Serious inquiries are encouraged to explore the possibilities this unique land offering provides. The property is classified as vacant land and is situated in a desirable location with easy access to both the ocean and the Mad River. Buyers should be aware of the zoning restrictions before making an offer. This is a truly remarkable opportunity to acquire a substantial coastal property in a peaceful and picturesque setting. The property is ready for its next chapter, whether it be a personal retreat or a strategic addition to a larger investment portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    McKinleyville
    County
    Humboldt
    State
    California
    Longitude
    -124.127
    Latitude
    40.938

    Comparable in this City

    • Value Estimation by Request
      0.62 Acres

      Mckinleyville, CA 95519

      VACANT COMMERCIAL LAND • 0.62 Acres
      Mckinleyville, CA 95519
      View Details
    • Value Estimation by Request
      0.23 Acres

      Mckinleyville, CA 95519

      VACANT COMMERCIAL LAND • 0.23 Acres
      Mckinleyville, CA 95519
      View Details
    • Value Estimation by Request
      0.01 Acres

      Mckinleyville, CA 95519

      VACANT COMMERCIAL LAND • 0.01 Acres
      Mckinleyville, CA 95519
      View Details
    • Value Estimation by Request
      1.22 Acres

      3170 Boeing Ave

      VACANT COMMERCIAL LAND • 1.22 Acres
      3170 Boeing Ave, Mckinleyville, CA 95519-9372
      View Details
    • Value Estimation by Request
      5.35 Acres

      3240 Boeing Ave

      VACANT COMMERCIAL LAND • 5.35 Acres
      3240 Boeing Ave, Mckinleyville, CA 95519
      View Details
    • Value Estimation by Request
      0.92 Acres

      3215 Boeing Ave

      VACANT COMMERCIAL LAND • 0.92 Acres
      3215 Boeing Ave, Mckinleyville, CA 95519
      View Details

    Similar Nearby for Sale

    • $425,000
      0.45 Acres

      Ocean View Land Parcel

      Ocean view land with Coastal Development Permit in McKinleyville.
      3002 Sandpointe Dr, McKinleyville, CA 95519
      View Details
    • $149,000
      0.13 Acres

      McKinleyville Lot with Ocean View

      Desirable lot in McKinleyville neighborhood with potential ocean views.
      1163 Chelsea Way, McKinleyville, CA 95519
      View Details
    • $1,650,000
      13.49 Acres

      McKinleyville Commercial Development Opportunity

      13-acre parcel zoned for residential and commercial use.
      2484 Central Ave, McKinleyville, CA 95519
      View Details
    • $395,000
      4.20 Acres

      McKinleyville Land with Commercial Potential

      4.2 acre lot in McKinleyville, CA with commercial zoning.
      Central Ave, McKinleyville, CA 95519
      View Details
    • $120,000
      0.51 Acres

      McKinleyville Land Ready to Build

      Large flat lot with water and sewer on site.
      2150 Dogwood Rd, McKinleyville, CA 95519
      View Details
    • $395,000
      5.75 Acres

      Commercial Land in McKinleyville, CA

      5.75 acres of commercial land in high-traffic McKinleyville location.
      Central Ave, McKinleyville, CA 95519
      View Details

    Similar Nearby for Lease

    • $4,025 /Mo
      3,500 SF

      Professional Office Space For Lease

      Professional Office Space For Lease
      1650 Central Avenue, McKinleyville, CA 95519
      View Details
    • Contact for pricing

      Central Avenue Retail/Office Opportunity

      Prime location in McKinleyville, poised for renovations.
      2194 Central Ave, McKinleyville, CA 95519
      View Details
    • $4,200 /Mo
      4,000 SF

      Fieldbrook Mixed-Use Business Opportunity

      Mixed-use opportunity in Fieldbrook with full kitchen and venue.
      4636 Fieldbrook Rd, McKinleyville, CA 95519
      View Details
    • $1.00 SF/Yr
      5,000 SF

      Commercial Space Available For Lease

      Commercial spaces available for lease in Unincorporated, CA.
      4611 Central Ave, McKinleyville, CA 95519
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Ocean Dr
    McKinleyville, CA 95519
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!