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Property profile & analytics
FOR SALE
Warehouses

41 W Mendocino Ave Willits, CA 95490

0.15 ac lot
Individually Owned 20-yr Hold Free & Clear
Property ID
US09-1210235
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully leased, free-standing retail/office building situated in the heart of downtown Willits, California. Located just one block from Main Street, on Mendocino Avenue, the property boasts approximately 2,400 square feet of space spread across multiple units, all currently under lease. The building features an attractive covered porch with both ramp and stair access, ensuring accessibility for all. Ample on-site parking is available in the rear lot for tenants and customers. The interior of the building is bright and inviting, thanks to numerous windows that allow abundant natural light to flood each space. Many units showcase attractive wood trim and open layouts, offering flexibility for a variety of uses. 45 W. Mendocino Avenue, currently leased to a beauty salon, features laminate hardwood floors. Units 55 and 65 W. Mendocino Avenue are connected and leased to a professional service. Unit 55 includes dedicated office space, a kitchenette, and a restroom, while Unit 65 is a large, open area currently used as a meeting room, but easily adaptable for additional office or retail use. The property sits on a 0.15-acre lot and is priced at $319,900. This prime downtown location and the diverse, flexible spaces make this a compelling investment opportunity with strong potential for future growth and return. The current leases provide immediate income generation, making this a low-risk, high-reward venture.

Property profile
Verified
Property type Warehouses
Use group BULK STORAGE, TANKS
Lot 0.15 ac (6,534 SF)
APN 005-224-19-00
UPID US09-1210235
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Galen Hathaway · 20 yrs held
Galen Hathaway
since 2005
1 recorded transaction
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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