Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    105 Oak Manor Dr Ukiah, CA 95482

    • Apartment buildings
    • 1,760 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 105 Oak Manor Dr

    Year built
    1973
    Property size
    1,760 SF
    Property type
    Apartment buildings

    Description

    This meticulously maintained Class A apartment building presents a compelling investment opportunity in Ukiah, California. Located at 105 Oak Manor Dr, 95482, this single-story, 1,760 square foot duplex boasts 100% occupancy as of June 3, 2024. Built in 1973 and extensively renovated in 2022, the property features two units, each priced at $257,500, for a total asking price of $515,000. The property sits on an 8,092 square foot lot zoned for multi-family use. The Net Operating Income (NOI) is $34,440, resulting in a 6.69% capitalization rate. The price per square foot is $292.61. This turnkey investment offers immediate cash flow and is ideally situated near schools and shopping, making it attractive to both renters and investors. The property's excellent condition and strong financial performance make it a rare find in the current market. This is a sale/leaseback opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ukiah
    County
    Mendocino
    State
    California
    Longitude
    -123.193
    Latitude
    39.1515

    Comparable in this City

    • Value Estimation by Request
      4,592 SF

      1550 Bush St

      Multifamily properties • 4,592 SF
      1550 Bush St, Ukiah, CA 95482
      View Details
    • Value Estimation by Request
      4,440 SF

      102 Laws Ave

      Multifamily properties • 4,440 SF
      102 Laws Ave, Ukiah, CA 95482
      View Details
    • Value Estimation by Request
      2.30 Acres

      960 Marlene St

      Multifamily properties • 22,211 SF
      960 Marlene St, Ukiah, CA 95482
      View Details
    • Value Estimation by Request
      2,035 SF

      755 El Rio St

      Multifamily properties • 2,035 SF
      755 El Rio St, Ukiah, CA 95482
      View Details
    • Value Estimation by Request
      2.30 Acres

      960 Marlene St

      Multifamily properties • 22,211 SF
      960 Marlene St, Ukiah, CA 95482
      View Details
    • Value Estimation by Request
      2,948 SF

      495 Clara Ave

      Multifamily properties • 2,948 SF
      495 Clara Ave, Ukiah, CA 95482
      View Details

    Similar Nearby for Sale

    • $4,250,000
      2.30 Acres

      Ukiah Multifamily Investment Opportunity

      20-Unit Complex, High Cash Flow
      960 Marlene St, Ukiah, CA 95482
      View Details
    • $3,780,000
      2.30 Acres

      Ukiah Multifamily Investment Opportunity

      20-Unit Apartment Complex, Strong Cash Flow
      960 Marlene St, Ukiah, CA 95482
      View Details
    • Contact for pricing
      1,000 SF

      Mobile Home Near Lake Mendocino

      Spacious 3-bedroom mobile home near Lake Mendocino.
      311 Lake Mendocino Dr, Ukiah, CA 95482
      View Details
    • Contact for pricing
      880 SF

      New Mobile Home in Ukiah

      New 2-bedroom, 2-bathroom mobile home in a friendly community.
      311 Lake Mendocino Dr, Ukiah, CA 95482
      View Details
    • $650,000
      1.07 Acres

      Ukiah Residential Land - 1.07 Acres

      Prime Ukiah development land, R2 zoning, 28 units/acre potential.
      979 Marlene St, Ukiah, CA 95482
      View Details
    • $289,000
      2,000 SF

      Downtown Ukiah Commercial Space Available

      Prime commercial space in Ukiah's established business district.
      252 N State St, Ukiah, CA 95482
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      57,490 SF

      Ukiah Retail Space Available

      High-traffic Big Box Retail Space
      225 Orchard Ave, Ukiah, CA 95482
      View Details
    • Contact for pricing

      Ukiah Drive-Thru Restaurant Opportunity

      Drive-thru restaurant space available in Ukiah's retail corridor.
      730 E Perkins St, Ukiah, CA 95482
      View Details
    • Contact for pricing
      4,500 SF

      Chevron Travel Plaza Retail Space

      New retail spaces in Chevron Travel Plaza off Hwy 101.
      1460 N Lovers Ln, Ukiah, CA 95482
      View Details
    • $10 SF/Yr
      14,160 SF

      Ukiah Industrial Space Available

      Versatile warehouse/flex space near Hwy 101
      2020 Industry Rd, Ukiah, CA 95482
      View Details
    • Contact for pricing
      106,460 SF

      Ukiah Crossroads Shopping Center

      Prime Retail Space Available in Ukiah, CA
      1315 State St, Ukiah, CA 95482
      View Details
    • $2,000 /Mo
      2,000 SF

      Downtown Ukiah Commercial Space Available

      Prime commercial space in Ukiah's established business district.
      252 N State St, Ukiah, CA 95482
      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.
    105 Oak Manor Dr
    Ukiah, CA 95482
    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!