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Property profile & analytics
OFF-MARKET
Estimated value
$2,320,000
Commercial real estate
325 2nd St Eureka, CA 95501-0595
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3235304
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1893
Total area
19,800 SF
Lot
0.15 ac (6,534 SF)
Zoning code
CW
APN
001-052-005-000
UPID
US10-3235304
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
-
Vida Sana Studio Gym & Fitness Center
-
First 5 Humboldt Government Office
-
Layla Ann Lugo, Branding Consultant Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Oceana Bansemer Summit Funding Loan Service Bank
-
Summit Funding, Inc. Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.09M
Comparable Approach
Comparable
$2.29M
Blend (final)
Blend
$2.32M
Owner & transaction history
Healy LLC · 16 yrs held
Healy LLC
since 2010
7 recorded transactions
Zoning & alternative use
CW · Eureka, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+31.7%
Industrial (general)
$3.7M
+29.0%
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 Eureka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eureka 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%
$3,340,000
6.5%
$3,085,000
7%
$2,865,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,830,000
Current use
RESTAURANT
$3,725,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,650,000
Change: +29% · Conversion: Moderate
RETAIL STORES
$2,355,000
Change: -17% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,320,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$2.32M
Range $2.09M – $2.55M · ±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
$117 / 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
$19,663
Tax year 2024
Assessed value
$1,874,444
Assessed 2024
Previous assessed
$1,874,444
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$208,803
Assessed improvement
$1,665,641
Applied tax rate
3.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1893
Heating
YES
Stories
3
Total area
19,800 SF
Lot
0.15 ac (6,534 SF)
Zoning code
CW
APN
001-052-005-000
UPID
US10-3235304
Jurisdiction
HUMBOLDT
Zoning & alternative use
CW · Eureka, CA
Zoning CW · permitted uses
CW · Eureka, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eureka. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.8M
RESTAURANT
Est. value
$3.7M
INDUSTRIAL (GENERAL)
Est. value
$3.7M
RETAIL STORES
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
COMMERCIAL (GENERAL) Current
RESTAURANT
INDUSTRIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1893
Heating
YES
Stories
3
Lot
0.15 ac
Current owner
From public records · entity-resolved
Healy LLC
Entity
Mailing address
1589 MYRTLE AVE, EUREKA, CA 95501-1453
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2010
—
Healy LLC
Kramer Properties INC
Grant Deed
—
Jul 10, 2009
$569,955
Statewide Bank
Humboldt Land Title
Trustees Deed
related
—
Oct 18, 2006
$740,000
Laurence E Badgley
Lazio Lawrence G Trust
Grant Deed
$530,000 · Statewide Bank
Jun 18, 1999
$100
Lazio Trust
H B Developments
Trustees Deed
related
—
Sep 23, 1996
$1,000
John E Biord
Hb Developments
Grant Deed
related
—
Sep 1, 1995
$257,000
H B Developments
Lazio Trust
Trustees Deed
$515,000 · Seller
Sep 1, 1995
—
Lawrence G Lazio
Lazio,sharon B
Quit Claim Deed
related
—
—
—
Lazio Trust
—
Deed Of Trust
related
$150,000 · Us Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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