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    1050 State St Ukiah, CA 95482-5821
    Property profile & analytics

    1050 State St, Ukiah, CA 95482-5821

    View on Map
    • Hotels
    • 0.68 lot acres
    Off-Market
    Last Sale Oct 3, 2024
    $494,500
    Property ID
    US09-1064246
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Marvin Trotter / Physician
    • Theron Chan, MD / Pediatrician / Physician
    • Lisa Mccurley / Physician
    • Christine Bourgeois / Pediatrician / Physician
    • Adventists Health / Physician

    Property Details for 1050 State St

    Lot size
    0.68 lot acres
    Property type
    Hotels
    Property subtype
    Motels
    APN
    003-130-36-00
    APU
    31303600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 3, 2024 — Shantidullabh LLC Rasik D Parmar Intrafamily Transfer · related $1.5M · Savings Bank Of Mendocino County
    Nov 18, 2019 — Ukiah N St Medical Office LLC Miller R M Quitclaim Deed —
    Oct 8, 2019 $1,955 Jeremy S Mann Miller R M & Ellsworth Trust Grant Deed —
    Sep 26, 2019 — Miller,r M Trust Ukiah Pediatric Building LLC Quitclaim Deed —
    Apr 17, 2018 — Rasik D Parmer Parmer,jagruti R Quit Claim Deed · related $1.2M · Savings Bank Of Mendocino County
    Mar 13, 2018 — Ukiah Pediatric Building LLC Ukiah Pediatric Building Quitclaim Deed —
    Jun 10, 2003 — Rasik D Parmar Parmar,kishor D & Bhagvati K Quit Claim Deed · related $950k · Heritage Bank Of Commerce
    Feb 4, 1999 $494,500 Rasik D Parmar Patel,nareshbhai J Grant Deed —
    Feb 2, 1999 $1,325,000 Rasik D Parmar Patel,nareshbhai J Grant Deed $269k · Seller
    May 1, 1996 — Dipchand T Shah Shah,varsha D Quit Claim Deed · related —
    May 1, 1996 $360,000 Patel,nareshbhai J Man,mark W & Ruth J Trustees Deed · related $180k · Seller
    Mar 8, 1996 $455,500 Mark W Man Chen,yu-hsien & Ya-hsiang H Grant Deed · related $180k · Seller

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ukiah
    County
    Mendocino
    State
    California
    Longitude
    -123.206
    Latitude
    39.1371
    CBSA code
    46380
    CBSA name
    UKIAH, CA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,477
    $436,933
    $1,255,663
    $1,692,596
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $8,900,000
      1.38 Acres

      1220 Airport Park Blvd

      HOTEL/MOTEL
      1220 Airport Park Blvd, Ukiah, CA 95482-5999
      View Details
    • Value Estimation by Request
      0.51 Acres

      750 State St

      HOTEL/MOTEL
      750 State St, Ukiah, CA 95482-5827
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    • Value Estimation by Request
      0.38 Acres

      650 State St

      HOTEL/MOTEL
      650 State St, Ukiah, CA 95482-4913
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    • Value Estimation
      $660,000
      1.66 Acres

      1340 State St

      HOTEL/MOTEL
      1340 State St, Ukiah, CA 95482-3420
      View Details
    • Value Estimation
      $565,000
      1.00 Acre

      601 Talmage Rd

      HOTEL/MOTEL
      601 Talmage Rd, Ukiah, CA 95482-5905
      View Details
    • Value Estimation
      $565,000
      2.13 Acres

      3251 State St

      HOTEL/MOTEL
      3251 State St, Ukiah, CA 95482-3058
      View Details

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      Lake Mendocino View Land

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      5,600 SF

      Mixed-Use Property | 5,600 SqFt

      Mixed-use property available for sale, totaling 5,600 square feet.
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      Ukiah Industrial Land For Sale

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      High-Traffic Commercial Land Opportunity

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    Similar Nearby for Lease

    • $2,595 /Mo
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      Retail/Office Space Near Courthouse

      Ground floor retail or office space in prime location.
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      Ukiah Retail Space For Rent

      Retail space available for lease in Ukiah, California.
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      Ukiah Retail/Office Space Available

      Retail or office spaces for lease in Ukiah's Airport Business Park.
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      Grocery-Anchored Retail Center Space

      Retail spaces available in a community shopping center.
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      Pad Site For Ground Lease

      Pad site for ground lease with highway visibility.
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    • Contact for pricing
      1,823 SF

      Crescent City Drive-Thru Restaurant

      Former Subway drive-thru restaurant on Highway 101 near Crescent Harbor.
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      View Details
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    Ukiah, CA 95482-5821
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    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.

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