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Property profile & analytics
FOR SALE
Turn key restaurants

45040 Main St Mendocino, CA 95460

0.21 ac lot
Entity Owned 5-yr Hold Free & Clear
Property ID
US09-3075609
Property summary
AI-generated overview

This exceptional mixed-use property, situated at 45040 Main Street in the charming town of Mendocino, California, presents a unique investment opportunity. The 7,378 square foot property comprises multiple buildings housing five established tenants, generating consistent rental income. A key asset is the highly regarded Flow restaurant, a long-standing establishment boasting a full bar and breathtaking panoramic Pacific Ocean views. Its prime location on Main Street places it adjacent to the Kelley House Museum, adding to its desirability and visibility. Adding to the property's charm is a picturesque pathway leading from Albion Street, creating a unique and inviting entrance. The property is well-maintained and professionally managed, ensuring efficient operation. Practical infrastructure includes a reliable well with a water storage tank, and connection to the public sewer system. This turnkey investment offers a blend of established income and significant potential for future growth in a highly sought-after Mendocino location. The property's multiple buildings and diverse tenant mix provide stability and diversification, making it an attractive proposition for discerning investors seeking a profitable and aesthetically pleasing commercial venture in a picturesque coastal setting. The existing tenants provide a strong foundation for continued success.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Lot 0.21 ac (9,216 SF)
Zoning code C
APN 119-238-10-00
UPID US09-3075609
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
  • Flow | Restaurant & Lounge Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.52M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.56M
Owner & transaction history
Main Street Mendo LLC · 5 yrs held
Main Street Mendo LLC
since 2021
Last sale
$1.6M
6 recorded transactions
2021
Price N/A
2021
$1.6M
2019
Price N/A
2012
Price N/A
2009
Price N/A
2006
Price N/A
Zoning & alternative use
C · Mendocino, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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