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

    131 Lake Mendocino Dr Ukiah, CA 95482

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2891021
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 131 Lake Mendocino Dr

    Property type
    Commercial real estate

    Description

    This ±1.82-acre commercial land parcel presents a unique investment opportunity with exceptional visibility and accessibility. Zoned C2, the property boasts a prime location on Highway 101, offering convenient on and off-ramp access in both north and southbound directions. Currently occupied by a Big Tex Trailer dealership, the site is fully fenced and encompasses 79,279 square feet of usable land. Its strategic location makes it ideal for a variety of commercial uses, including automotive sales, equipment storage, materials sales, or similar businesses requiring high visibility and convenient access. The property's existing infrastructure and high traffic count provide a strong foundation for immediate occupancy or redevelopment. A build-to-suit option is also available for those seeking a customized solution. For businesses seeking expansion, an adjacent ±0.73-acre parcel with an existing showroom and workshop is also potentially available for acquisition, providing additional space and operational capabilities. This combined offering presents a compelling opportunity to establish a significant commercial presence in a high-demand location. The property's versatility and strategic positioning make it an attractive investment for both short-term and long-term growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ukiah
    County
    Mendocino
    State
    California
    Longitude
    -123.2090878
    Latitude
    39.1905189

    Comparable in this City

    • Contact for pricing
      2,351 SF

      Ukiah Commercial Land - Drive-Thru Site

      Prime Ukiah location, ±0.57 acres, drive-thru potential.
      730 Perkins St, Ukiah, CA 95482
      View Details
    • Contact for pricing

      Pad Site For Ground Lease

      Pad site for ground lease with highway visibility.
      437 N Orchard Ave, 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
    • Contact for pricing
      199,585 SF

      Pear Tree Center: Ukiah Retail

      Prime Ukiah retail space, multiple suites available.
      504-570 Perkins Ave, Ukiah, CA 95482
      View Details
    • $12 SF/Yr
      3,200 SF

      State Street Industrial Space

      Ukiah Warehouse - 3200 SF Available
      850 State St, Ukiah, CA 95482
      View Details
    • $1,999 /Mo
      2,518 SF

      Retail/Office Space in Ukiah

      Located in the heart of Ukiah's upgraded business district.
      State St, Ukiah, CA 95482
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercially Zoned Land on State

      Over half an acre of commercially zoned land for sale.
      744 N State St, Ukiah, CA 95482
      View Details
    • $230,000
      0.23 Acres

      Downtown Ukiah Commercial Land

      Prime 0.234-acre lot, C1 zoning.
      0 Mill 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
    • $209,000

      Lake Mendocino View Land

      2.66 acres with lake views and development potential.
      5875 Lake Ridge Rd, Ukiah, CA 95482
      View Details
    • Contact for pricing

      Commercial Lot Near Downtown Ukiah

      Commercial lot zoned NEC, close to downtown, hospital, and shopping.
      124 Leslie St, Ukiah, CA 95482
      View Details
    • New
      $2,200,000
      749,667.60 Acres

      Ukiah Industrial Land Opportunity

      17.2 acres of industrial-zoned land near Highway 101.
      585 Kunzler Ranch Rd, Ukiah, CA 95482
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,351 SF

      Ukiah Commercial Land - Drive-Thru Site

      Prime Ukiah location, ±0.57 acres, drive-thru potential.
      730 Perkins St, Ukiah, CA 95482
      View Details
    • Contact for pricing

      Pad Site For Ground Lease

      Pad site for ground lease with highway visibility.
      437 N Orchard Ave, 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
    • Contact for pricing
      199,585 SF

      Pear Tree Center: Ukiah Retail

      Prime Ukiah retail space, multiple suites available.
      504-570 Perkins Ave, Ukiah, CA 95482
      View Details
    • $12 SF/Yr
      3,200 SF

      State Street Industrial Space

      Ukiah Warehouse - 3200 SF Available
      850 State St, Ukiah, CA 95482
      View Details
    • $1,999 /Mo
      2,518 SF

      Retail/Office Space in Ukiah

      Located in the heart of Ukiah's upgraded business district.
      State St, Ukiah, CA 95482
      View Details
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    131 Lake Mendocino Dr
    Ukiah, CA 95482
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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.

    More about this property
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