Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1723 Broadway Eureka, CA 95501-0137
    Back to Search
    Property profile & analytics

    1723 Broadway, Eureka, CA 95501-0137

    View on Map
    • Grocery and convenience stores
    • 0.49 lot acres
    Off-Market
    Last Sale Jul 29, 2024
    Property ID
    US09-2041415
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 1723 Broadway

    Lot size
    0.49 lot acres
    Zone code
    CS
    Property type
    Grocery and convenience stores
    APN
    004-042-007-000
    APU
    4042007000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 2, 2024 — Surinder S Heer — Deed · related $992k · Redwood Capital Bank
    Jul 29, 2024 — Department Of Transportation Surinder S Heer Intrafamily Transfer · related —
    Jun 16, 2004 — Surinder S Heer Palisades Gas & Wash INC Grant Deed $765k · Reprop Investments INC
    Aug 31, 2000 $858,000 Palisades Gas & Wash INC Simmons,sherrill Grant Deed —
    Feb 28, 1985 — Chevron USA INC — Grant Deed · related —
    — — Surinder S Heer — Deed Of Trust · related $40k · Reprop Financial Mtg Investors

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Eureka
    County
    Humboldt
    State
    California
    Longitude
    -124.178
    Latitude
    40.7918
    CBSA code
    21700
    CBSA name
    EUREKA-ARCATA-FORTUNA, 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
    2024
    $13,887
    $575,676
    $748,186
    $1,323,862
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,280,000
      0.30 Acres

      1007 Broadway

      CONVENIENCE STORE (W/FUEL PUMP)
      1007 Broadway, Eureka, CA 95501-0125
      View Details
    • Value Estimation
      $1,050,000
      4,080 SF

      1411 Broadway

      CONVENIENCE STORE (W/FUEL PUMP)
      1411 Broadway, Eureka, CA 95501-0133
      View Details
    • Value Estimation
      $895,000
      888 SF

      1679 Myrtle Ave

      CONVENIENCE STORE (W/FUEL PUMP)
      1679 Myrtle Ave, Eureka, CA 95501-1458
      View Details
    • Value Estimation by Request
      0.95 Acres

      2806 Broadway

      CONVENIENCE STORE (W/FUEL PUMP)
      2806 Broadway, Eureka, CA 95501-3803
      View Details
    • Value Estimation by Request
      0.25 Acres

      2480 6th St

      CONVENIENCE STORE (W/FUEL PUMP)
      2480 6th St, Eureka, CA 95501-0788
      View Details
    • Value Estimation by Request
      0.28 Acres

      1711 4th St

      CONVENIENCE STORE (W/FUEL PUMP)
      1711 4th St, Eureka, CA 95501-0721
      View Details

    Similar Nearby for Sale

    • $450,000
      3,950 SF

      Eureka Commercial Victorian Storefront Residence

      Spacious Victorian with commercial units and single-family residence in Eureka.
      1480 Myrtle Ave, Eureka, CA 95501
      View Details
    • $420,000
      Pending

      Eureka Commercial Space in Henderson

      Versatile 3,790 SF commercial space in Eureka's Henderson Center.
      524 Henderson St, Eureka, CA 95501
      View Details
    • Contact for pricing

      Eureka Commercial Building and Lots

      Commercial building and two lots in Eureka, California.
      1806 4Th St, Eureka, CA 95501
      View Details
    • $195,000

      Turnkey Appliance Repair Business

      Established appliance repair business with top-rated reputation and existing contracts.
      5Th St, Eureka, CA 95501
      View Details
    • $550,000

      Henderson Center Mixed-Use Investment Property

      Mixed-use property with retail and residential units in Eureka, CA.
      511 Henderson St, Eureka, CA 95501
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Remodeled Retail/Office Space Available

      Remodeled ground floor suite near Old Town Gazebo.
      420 3Rd St, Eureka, CA 95501
      View Details
    • Contact for pricing

      Eureka Flex Space with Warehouse

      Flex retail/office/warehouse space with mezzanine and roll-up doors.
      3952 Jacobs Ave, Eureka, CA 95501
      View Details
    • Contact for pricing

      Prime Retail Space on Broadway

      Retail space for rent in high-traffic Humboldt location.
      2710 Broadway 101, Eureka, CA 95501
      View Details
    • New
      $1.00 SF/Yr
      8,500 SF

      Turnkey Mixed-Use Commercial Building

      Turnkey commercial building in Old Town Eureka with strong visibility and flexible uses for restaurant, retail, or light manufacturing concepts.
      218 D St, Eureka, CA 95501
      View Details
    • $10 SF/Yr
      4,000 SF

      Eureka Warehouse: Prime Location

      4,000 SF Warehouse, Great Visibility
      2930 Broadway St, Eureka, CA 95501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1723 Broadway
    Eureka, CA 95501-0137
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1723 Broadway, Eureka, CA, 95501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!