16 Vly St Willits, CA 95490-3846
- Office Properties & Spaces
- 0.22 lot acres
Current Use by Public Records
- Cantua Insurance Agency / Life Insurance Agency / Insurance Agency
- Farmers Insurance - Randall Cantua / Insurance Agency / Auto Insurance Agency
Property Details for 16 Vly St
- Lot size
- 0.22 lot acres
- Property type
- Office Properties & Spaces
- APN
- 006-042-11-00
- APU
- 60421100
Description
This exceptional investment opportunity presents a fully occupied, updated office building in the heart of downtown Willits, California. The property, situated on a 0.26-acre lot at 16 W Valley St, boasts a prime corner location with high visibility on Main Street. The 4,417 square foot building comprises four distinct units, each with its own address and entrance, currently leased to four separate tenants. Unit sizes range from approximately 660 to 2,073 square feet, catering to diverse business needs. The building's configuration includes features such as ample natural light, multiple restrooms, and in some units, dedicated reception areas, exam rooms, labs, and kitchenettes. The property benefits from a well-maintained landscaped exterior, a spacious parking lot with ADA-compliant spaces, and a prominent monument sign enhancing street visibility. The building is zoned C2, offering flexibility for future uses. With 100% occupancy and a strong tenant base, this property represents a stable and attractive investment opportunity in a desirable downtown location. The asking price is $599,000. The property includes four units, each with its own address and entrance. The building is classified as Class B and is currently 100% occupied. The property's APN is 006-042-11 and the zip code is 95490.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $545,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $455,000
- 6.5%
- $395,000
- 7%
- $445,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $425,000
- Geo Method
- $450,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $350,000
- Retail
- $405,000
- Mixed-Use
- $350,000
- Hospitality
- $390,000
- Educational
- $395,000
- Residential Income
- $380,000
- Energy
- $355,000
- Income-Based Land
- $435,000
- Food Service
- $450,000
Location Insight
- Map
- Local Demand
- City
- Willits
- County
- Mendocino
- State
- California
- Longitude
- -123.354
- Latitude
- 39.4092
- CBSA code
- 46380
- CBSA name
- UKIAH, CA MICROPOLITAN STATISTICAL AREA