Technical
Financial
Distress signals
Property profile

2348 23rd St Eureka, CA 95501

OFF-MARKET
Commercial land
Property ID
US09-1267869
0.19 ac lot
Trust Owned 7-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property is an oversized residential development lot in Eureka, California, with zoning designated HM (Hospital Medical). The lot area is approximately 0.19 acres. Public remarks indicate a permit application was submitted and was pending for a proposed 6-unit apartment development.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.19 ac (8,375 SF)
Zoning code HM
APN 013-113-039-000
UPID US09-1267869

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2348 23rd St Eureka, CA 95501-3231
Eureka metro Census 600 EUREKA-ARCATA-FORTUNA, CA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2019
3 recorded transactions
2021
Price N/A
2019
Price N/A
2017
$55,000

Zoning & alternative use

HM · Eureka, CA
Zoning description

HM [3] Multi-family dwellings include one or more dwelling units occupying the same site as a non-residential primary use (mixed-use and live/work developments). [4] Prohibited when facing a Pedestrian-focused Frontage a…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2348 23rd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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