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Property profile & analytics
OFF-MARKET
Estimated value
$3,300,000
Retail space
2165 Central Ave Mckinleyville, CA 95519-3623
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2832780
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1964
Total area
19,446 SF
Lot
2.25 ac (98,010 SF)
Zoning code
C-2-N
APN
510-341-017-000
UPID
US09-2832780
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
-
McKinleyville Farmers' Market Specialty Food Shop Farmer's Market
-
Eureka Natural Foods - McKinleyville Grocery & Convenience Store Food Market
-
TNT Fireworks Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.32M
Blend (final)
Blend
$3.30M
Owner & transaction history
Northwest Investment Co · 7 yrs held
Northwest Investment Co
since 2018
3 recorded transactions
Zoning & alternative use
C-2-N · Mckinleyville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.9M
+29.4%
Restaurant
$3.7M
+21.5%
Industrial (general)
$3.6M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,010,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,900,000
Change: +29% · Conversion: Difficult
RESTAURANT
$3,660,000
Change: +22% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,585,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,410,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$3.30M
Range $2.97M – $3.63M · ±10%
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
$170 / 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
$30,191
Tax year 2024
Assessed value
$2,734,111
Assessed 2024
Previous assessed
$2,734,111
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$546,820
Assessed improvement
$2,187,291
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
1964
Heating
NONE
Stories
1
Total area
19,446 SF
Lot
2.25 ac (98,010 SF)
Zoning code
C-2-N
APN
510-341-017-000
UPID
US09-2832780
Jurisdiction
HUMBOLDT
Zoning & alternative use
C-2-N · Mckinleyville, CAZoning C-2-N · permitted uses
C-2-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
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
RESTAURANT
Est. value
$3.7M
INDUSTRIAL (GENERAL)
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.4M
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
1964
Heating
NONE
Stories
1
Lot
2.25 ac
Current owner
From public records · entity-resolved
Northwest Investment Co
Entity
Free & Clear · 7 yrs held
Mailing address
1450 BROADWAY, EUREKA, CA 95501-0134
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2018
$2,500,000
Northwest Investment Co
Cft C Properties LLC
Grant Deed
—
Dec 23, 2010
—
Cft C Properties LLC
Cushman Family Trust
Grant Deed
—
Jun 4, 1965
—
Cushman,roderick H|safeway Stores INC No 715
—
Grant Deed
related
—
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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