Property summary
This exceptional 54,523-square-foot Class B medical office building in Arcata, California, presents a compelling investment opportunity. Currently 100% occupied under a gross lease, the property boasts a strong $172.22 per square foot asking price of $9,390,000. Situated on a sizable 5.33-acre lot within the Arcata Gateway Project, this multi-tenant property offers significant potential for future development. The existing building features a mix of office, medical, and warehouse space, with… an additional 22,000 square feet (2,080 SF office and 19,920 SF warehouse) soon to become available. Owners are open to redevelopment to meet leasing needs or a direct sale. The Arcata Gateway Project, encompassing 139 acres, allows for substantial expansion opportunities, including the potential for up to 3,500 residential units. This prime location at 1385 8th St, Arcata, CA 95521, benefits from its proximity to local amenities such as Holly Yashi, The Pub at The Creamery, and the Arcata Playhouse. The project's rezoning simplifies permitting, revitalizing previously industrial land. This property offers a unique blend of immediate income and long-term development potential in a rapidly growing area.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 8 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 3.56 ac
- APN
- 021-174-012-000
- Zoning
- I-C
- Assessed value · 2024
- $2,175,248
- Annual tax · 2024
- $25,395
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2024
- $25,395
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Arcata market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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