41 Mendocino Ave Willits, CA 95490
- Warehouses
- 0.15 lot acres
Current Use by Public Records
- Warehouses
Property Details for 41 Mendocino Ave
- Lot size
- 0.15 lot acres
- Property type
- Warehouses
- APN
- 005-224-19-00
- APU
- 52241900
Description
This exceptional investment opportunity presents a fully leased, free-standing retail/office building situated in the heart of downtown Willits, California. Located just one block from Main Street, on Mendocino Avenue, the property boasts approximately 2,400 square feet of space spread across multiple units, all currently under lease. The building features an attractive covered porch with both ramp and stair access, ensuring accessibility for all. Ample on-site parking is available in the rear lot for tenants and customers. The interior of the building is bright and inviting, thanks to numerous windows that allow abundant natural light to flood each space. Many units showcase attractive wood trim and open layouts, offering flexibility for a variety of uses. 45 W. Mendocino Avenue, currently leased to a beauty salon, features laminate hardwood floors. Units 55 and 65 W. Mendocino Avenue are connected and leased to a professional service. Unit 55 includes dedicated office space, a kitchenette, and a restroom, while Unit 65 is a large, open area currently used as a meeting room, but easily adaptable for additional office or retail use. The property sits on a 0.15-acre lot and is priced at $319,900. This prime downtown location and the diverse, flexible spaces make this a compelling investment opportunity with strong potential for future growth and return. The current leases provide immediate income generation, making this a low-risk, high-reward venture.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $330,000
- 6.5%
- $315,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $275,000
- Geo Method
- $295,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $280,000
- Mixed-Use
- $270,000
- Hospitality
- $325,000
- Educational
- $320,000
- Residential Income
- $315,000
- Energy
- $315,000
- Income-Based Land
- $285,000
- Food Service
- $310,000
Location Insight
- Map
- Local Demand
- City
- Willits
- County
- Mendocino
- State
- California
- Longitude
- -123.355
- Latitude
- 39.4111
- CBSA code
- 46380
- CBSA name
- UKIAH, CA MICROPOLITAN STATISTICAL AREA