564 Dora St Ukiah, CA 95482
- Commercial real estate
- 1.10 lot acres
Current Use by Public Records
- Patricia Douthwaite / Acupuncturist
- Project Sanctuary / Association / Organization / Domestic Abuse Treatment Center
- Gaustad Mimi / Nursing Agency
- Turner Michael MD / Doctor
- Valente-Moore Gina / Nursing Agency
Property Details for 564 Dora St
- Lot size
- 1.10 lot acres
- Property type
- Commercial real estate
- APN
- 001-291-33-00
- APU
- 12913300
Description
This exceptional investment opportunity presents a stabilized multi-tenant medical office complex in Ukiah, California. The property comprises two single-story buildings totaling 22,505 net rentable square feet, situated on a 1.21-acre lot. Currently boasting 100% occupancy with eight tenants, the property generates a substantial net operating income (NOI) of $180,006, yielding a compelling 6.79% capitalization rate. The asking price is $2,650,000, representing a significant value proposition considering a recent appraisal of $2,850,000 (October 2022). Built in 1950, the Class B property benefits from ample parking (1.2 spaces per 1,000 sq ft) and is zoned CN. The property's location at 564 S Dora St, Ukiah, CA 95482, places it within a desirable residential area. The property includes two parcels (APN: 001-291-33-00, 001-291-29-00) and features a long-term, stable tenancy, previously occupied by the Ukiah General Hospital and now housing quasi-public service providers. A handyman is currently on-site and may be available to continue assisting the new owner. This is a rare opportunity to acquire a well-maintained, income-producing asset in a strong market. The property's history of stable tenancy and recent appraisal support its strong investment potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ukiah
- County
- Mendocino
- State
- California
- Longitude
- -123.212
- Latitude
- 39.1457
- CBSA code
- 46380
- CBSA name
- UKIAH, CA MICROPOLITAN STATISTICAL AREA
