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    Property profile & analytics

    1476 Main St Willits, CA 95490-4310

    • Office Properties & Spaces
    • 0.50 lot acres
    OFF-MARKET
    Value Estimation
    $505,000
    Last Sale
    Oct 08, 2021
    $470,000
    Location Intelligence
    Property ID
    US09-1060684
    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

    • Office Properties & Spaces

    Property Details for 1476 Main St

    Lot size
    0.50 lot acres
    Property type
    Office Properties & Spaces
    APN
    007-080-07-00
    APU
    70800700

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $530,000

    • CAP approach

      CAP return
      Estimation
      6%
      $465,000
      6.5%
      $465,000
      7%
      $465,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $475,000
      Geo Method
      $410,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $600,000
      Retail
      $495,000
      Mixed-Use
      $460,000
      Hospitality
      $535,000
      Educational
      $535,000
      Residential Income
      $590,000
      Energy
      $455,000
      Income-Based Land
      $455,000
      Food Service
      $495,000

    Location Insight

    • Map
    • Local Demand
    City
    Willits
    County
    Mendocino
    State
    California
    Longitude
    -123.35
    Latitude
    39.3954
    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
    $5,261
    $136,536
    $216,184
    $352,720
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $315,000
      0.19 Acres

      235 Main St

      OFFICE (GENERAL) • 0.19 Acres
      235 Main St, Willits, CA 95490-3505
      View Details
    • Value Estimation
      $340,000
      0.28 Acres

      234 Main St

      OFFICE (GENERAL) • 0.28 Acres
      234 Main St, Willits, CA 95490-3540
      View Details
    • Value Estimation
      $195,000
      0.23 Acres

      2 Nn St

      OFFICE (GENERAL) • 0.23 Acres
      2 Nn St, Willits, CA 95490-3418
      View Details
    • Value Estimation
      $145,000
      0.21 Acres

      72 Commercial St

      OFFICE (GENERAL) • 0.21 Acres
      72 Commercial St, Willits, CA 95490-3007
      View Details
    • Value Estimation
      $470,000
      0.35 Acres

      280 Commercial St

      OFFICE (GENERAL) • 0.35 Acres
      280 Commercial St, Willits, CA 95490-3106
      View Details
    • Value Estimation by Request
      0.06 Acres

      153 Main St

      OFFICE (GENERAL) • 0.06 Acres
      153 Main St, Willits, CA 95490-3125
      View Details

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    1476 Main St
    Willits, CA 95490-4310
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    Realmo Value Estimation

    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.

    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.

    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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