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Property profile & analytics
OFF-MARKET
Estimated value
$7,965,000
Retail space
1500 Anna Sparks Way Mckinleyville, CA 95519-4500
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-1813449
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1994
Total area
45,645 SF
Lot
5.32 ac (231,739 SF)
Zoning code
C-2-P-N
APN
508-061-008-000
UPID
US09-1813449
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
-
Trailer Rental at U-Haul Car Rental Facility
-
Mountain Mike's Pizza Restaurant
-
Rite Aid Pharmacy Pharmacy
-
Western Union Bank Credit Union
-
Felix Ihekwoeme Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.05M
Blend (final)
Blend
$7.97M
Owner & transaction history
C&k Market INC · 3 yrs held
C&k Market INC
since 2022
Last sale
$8.0M
6 recorded transactions
Zoning & alternative use
C-2-P-N · Mckinleyville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$9.2M
+29.4%
Restaurant
$8.6M
+21.5%
Industrial (general)
$8.4M
+19.0%
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 Mckinleyville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mckinleyville 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
$10,075,000
ML approach
$8,915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$7,070,000
Current use
APARTMENT HOUSE (5+ UNITS)
$9,150,000
Change: +29% · Conversion: Difficult
RESTAURANT
$8,590,000
Change: +22% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,415,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,005,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$7.97M
Range $7.17M – $8.76M · ±10% · vs last sale $7.95M (Oct 28 2022)
Last sale anchor
$7.95M
Oct 28 2022
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
$174 / 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
$62,576
Tax year 2024
Assessed value
$5,795,896
Assessed 2024
Previous assessed
$5,795,896
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$2,632,880
Assessed improvement
$3,163,016
Applied tax rate
115.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1994
Heating
NONE
Stories
1
Total area
45,645 SF
Lot
5.32 ac (231,739 SF)
Zoning code
C-2-P-N
APN
508-061-008-000
UPID
US09-1813449
Jurisdiction
HUMBOLDT
Zoning & alternative use
C-2-P-N · Mckinleyville, CAZoning C-2-P-N · permitted uses
C-2-P-N · Mckinleyville, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.2M
RESTAURANT
Est. value
$8.6M
INDUSTRIAL (GENERAL)
Est. value
$8.4M
COMMERCIAL (GENERAL)
Est. value
$8.0M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1994
Heating
NONE
Stories
1
Lot
5.32 ac
Current owner
From public records · entity-resolved
C&k Market INC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 29046, PHOENIX, AZ 85038-9046
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2022
—
C&k Market INC
Amerco Real Estate Company
Intrafamily Transfer
related
—
Oct 27, 2022
$7,950,000
Amerco Real Estate Company
Bdc C&k Mckinleyville LP
Grant Deed
—
Dec 9, 2004
—
C & K Market INC
—
Deed Of Trust
related
$46,000,000 · General Electric Capital Corp
Nov 7, 2003
—
Bdc Crestline LP
C & K Market INC
Grant Deed
$2,800,000 · Browman Development Co INC
Oct 1, 1997
—
C & K Market INC
—
Deed Of Trust
related
$72,000,000 · General Electric Capital Corp
Jul 20, 1993
—
C & K Market INC
Bdc Mckinleyvill
Grant Deed
$1,188,179 · United Resources
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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