Technical
Financial
Distress signals
Property profile

45040 Main St Mendocino, CA 95460

FOR SALE
Turn key restaurants
Property ID
US09-3075609
0.21 ac lot
Entity Owned 5-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Restaurant

Location

45040 Main St Mendocino, CA 95460
Mendocino metro Census 11004 UKIAH, CA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.52M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.38M

Owner & transaction history

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

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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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