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Property profile & analytics
OFF-MARKET
Office Spaces

1476 Main St Willits, CA 95490-4310

0.5 ac lot
Individually Owned 4-yr Hold Free & Clear
Property ID
US09-1060684
Property summary
AI-generated overview

This exceptional mixed-use property presents a rare investment opportunity in the heart of Willits, California. Located at 1476 S Main Street, this offering encompasses a fully-rented four-unit commercial building, totaling 1,752 square feet, constructed in 1955. Each storefront enjoys privacy due to the generous spacing between units. The commercial building's strong rental income stream is further complemented by three additional cabins, providing diverse revenue potential. Adding to this impressive portfolio is a substantial 1,656-square-foot residential home, featuring three bedrooms and two bathrooms, built in 1946. This property sits on a sizable 0.73-acre lot, offering ample parking for tenants and customers. The combination of established commercial rental income, supplemental cabin rentals, and a spacious residential dwelling makes this a truly unique and lucrative investment. The property's prime downtown location ensures high visibility and accessibility, making it an ideal investment for those seeking a diversified and stable income stream. The substantial lot size provides flexibility for future expansion or development, presenting further opportunities for growth and increased profitability. This is a turnkey operation ready for a new owner to step in and benefit from the existing income streams. Don't miss this chance to acquire a significant and well-established property in a thriving community. The asking price is $850,000.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Lot 0.5 ac (21,702 SF)
APN 007-080-07-00
UPID US09-1060684
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Hui Lin Lee · 4 yrs held
Hui Lin Lee
since 2021
Last sale
$470,000
7 recorded transactions
2021
Price N/A
2016
$470,000
2011
Price N/A
2006
Price N/A
2002
$450,000
2002
Price N/A
1999
$300,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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