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Property profile & analytics
OFF-MARKET
Estimated value
$2,550,000
Manufacturing properties
139 2nd St Eureka, CA 95501-0317
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-2723149
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1897
Total area
21,148 SF
Lot
0.2 ac (8,712 SF)
Zoning code
CW
APN
001-013-012-000
UPID
US09-2723149
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Enchantment Yoga Gym & Fitness Center
-
Historic Eagle House Hotel & Motel Resort
-
Tavern 1888 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.90M
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$2.55M
Owner & transaction history
Eagle House LLC · 9 yrs held
Eagle House LLC
since 2017
7 recorded transactions
Zoning & alternative use
CW · Eureka, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.0M
+2.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Eureka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eureka submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,055,000
6.5%
$1,900,000
7%
$1,760,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,900,000
Current use
RESTAURANT
$3,980,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.55M
Range $2.30M – $2.81M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$121 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$35,581
Tax year 2024
Assessed value
$3,391,868
Assessed 2024
Previous assessed
$3,391,868
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$375,482
Assessed improvement
$3,016,386
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1897
Heating
NONE
Stories
4
Total area
21,148 SF
Lot
0.2 ac (8,712 SF)
Zoning code
CW
APN
001-013-012-000
UPID
US09-2723149
Jurisdiction
HUMBOLDT
Zoning & alternative use
CW · Eureka, CA
Zoning CW · permitted uses
CW · Eureka, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eureka. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.9M
RESTAURANT
Est. value
$4.0M
INDUSTRIAL (GENERAL) Current
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1897
Heating
NONE
Stories
4
Lot
0.2 ac
Current owner
From public records · entity-resolved
Eagle House LLC
Entity
Mailing address
139 2ND ST, EUREKA, CA 95501-0317
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2022
—
The Eagle House LLC
—
Deed
related
$2,727,400 · Redwood Capital Bank
Apr 7, 2022
—
The Eagle House LLC
—
Deed
related
$1,815,000 · Redwood Region Economic Development Comm
Apr 3, 2017
$2,600,000
Eagle House LLC
Cho,tae S & Kwang J
Grant Deed
$500,000 · Miscellaneous Govt Agcy
Feb 11, 1993
—
Tae S Cho
—
Grant Deed
related
—
—
—
Tae S Cho
—
Deed Of Trust
related
$245,000 · Humboldt Bank
—
—
Tae S Cho
—
Deed Of Trust
related
$248,500 · Redwood Capital Bank
—
—
Tae S Cho
—
Deed Of Trust
related
$246,000 · Redwood Capital Bank
—
—
Tae S Cho
—
Deed Of Trust
related
$238,000 · Redwood Capital Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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