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    290 Gobbi St Ukiah, CA 95482-5559
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    Property profile & analytics

    290 Gobbi St, Ukiah, CA 95482-5559

    View on Map
    • Office Spaces
    • 5,446 SF
    • 0.47 lot acres
    Off-Market
    Last Sale Aug 12, 2021
    $795,000
    Property ID
    US09-4640819
    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
    $840,000
    Show details
    Cap Rate Potential
    7.4%
    Office Spaces
    Location Intelligence

    Current Use by Public Records

    • Thomas I. Graves, MFT / Marriage Or Relationship Counselor / Counselor
    • Nicole Johns / Marriage Or Relationship Counselor
    • Nazila Hatami / Marriage Or Relationship Counselor
    • Mendocino Animal Hospital / Veterinary Clinic

    Property Details for 290 Gobbi St

    Year built
    1983
    Construction
    TILT-UP CONCRETE
    Lot size
    0.47 lot acres
    Property type
    Office Spaces
    APN
    002-311-35-00
    APU
    23113500

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 14, 2022 — Aquamarine Properties LLC — Deed · related $250k · Umpqua Bank
    Aug 12, 2021 — Aquamarine Properties LLC Charlotte E Burns Intrafamily Transfer · related —
    Jan 10, 2020 $795,000 Charlotte E Burns Walter A Nielson Grant Deed $605k · Umpqua Bank
    May 26, 2016 — Walter A Niesen — Deed · related $300k · American Agcredit Aca
    Jan 2, 2004 $745,000 Walter A Niesen Thomas,tr Grant Deed —
    — — Walter A Niesen — Deed Of Trust · related $250k · Six Rivers Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $895,000
      ML approach
      $840,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,105,000
      6.5%
      $1,020,000
      7%
      $945,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $863,000
      Market price range: $864k - $1.83M
      AI Estimate
      $709,000
      Market price range: $517k - $1.73M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,370,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ukiah
    County
    Mendocino
    State
    California
    Longitude
    -123.203
    Latitude
    39.1443
    CBSA code
    46380
    CBSA name
    UKIAH, 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
    2023
    $10,612
    $262,793
    $572,891
    $835,684
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
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      0.82 Acres

      1324 State St

      OFFICE (GENERAL)
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      4.50 Acres

      450 Orr Spgs Rd

      OFFICE (GENERAL)
      450 Orr Spgs Rd, Ukiah, CA 95482-3131
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    • Value Estimation by Request
      1.46 Acres

      555 Leslie St

      OFFICE (GENERAL)
      555 Leslie St, Ukiah, CA 95482-5507
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    • Value Estimation by Request
      0.52 Acres

      655 Kings Ct

      OFFICE (GENERAL)
      655 Kings Ct, Ukiah, CA 95482-5030
      View Details

    Similar Nearby for Sale

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      Historic Mixed-Use Building in Ukiah

      Iconic downtown Ukiah building with mixed-use space for sale.
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      2,000 SF

      Downtown Ukiah Commercial Space Available

      Prime commercial space in Ukiah's established business district.
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      1,959 SF

      Commercial Office Building with Vacant Lot

      Commercial office building with income and long-term upside potential.
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    Similar Nearby for Lease

    • Contact for pricing

      Downtown Ukiah Office Space Available

      Individual office spaces for rent in downtown Ukiah.
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      Professional Office Suites For Rent

      Office suites available in downtown Ukiah professional complex.
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      5,227 SF

      Retail/Office Space Near Courthouse

      Ground floor retail or office space in prime location.
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      Ukiah Retail/Office Space Available

      Retail or office spaces for lease in Ukiah's Airport Business Park.
      1252 Airport Park Blvd, Ukiah, CA 95482
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      2,518 SF

      Retail/Office Space in Ukiah

      Located in the heart of Ukiah's upgraded business district.
      State St, Ukiah, CA 95482
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    • Contact for pricing
      2,000 SF

      Downtown Ukiah Commercial Space Available

      Prime commercial space in Ukiah's established business district.
      252 N State St, Ukiah, CA 95482
      View Details
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    Ukiah, CA 95482-5559
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    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.

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