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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Retail space
45104 Main St Mendocino, CA 95460-9213
Entity Owned
5-yr Hold
Free & Clear
Property ID
US09-3102815
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Lot
0.11 ac (4,793 SF)
Zoning code
C
APN
119-237-11-00
UPID
US09-3102815
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
-
Mendocino Jewelry Studio (Bike/Boat/Book/etc) Store
-
Fog Bottle Shop & Wine Bar Bar & Pub
-
Fog Eater Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$745k
Owner & transaction history
Main Street Mendo LLC · 5 yrs held
Main Street Mendo LLC
since 2021
Last sale
$750,000
6 recorded transactions
Zoning & alternative use
C · Mendocino, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Mendocino submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mendocino 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
$735,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $750k (Feb 12 2021)
Last sale anchor
$750k
Feb 12 2021
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
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,828
Tax year 2023
Assessed value
$536,445
Assessed 2023
Previous assessed
$536,445
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$220,112
Assessed improvement
$316,333
Applied tax rate
104.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Lot
0.11 ac (4,793 SF)
Zoning code
C
APN
119-237-11-00
UPID
US09-3102815
Jurisdiction
MENDOCINO
Zoning & alternative use
C · Mendocino, CA
Zoning C · permitted uses
C · Mendocino, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mendocino. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
Main Street Mendo LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 777, FERNDALE, CA 95536-0777
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2021
—
Main Street Mendo LLC
Jennifer M Raymond
Grant Deed
—
Feb 12, 2021
$750,000
Jennifer M Raymond
Judith Steele
Grant Deed
—
Oct 3, 2019
—
Raymond,r L & L B Trust
Loisjean Raymond
Affidavit Of Death
related
—
Dec 12, 2012
—
Raymond Robert L Trust
Raymond R L & L B Trust
Quit Claim Deed
related
—
Apr 2, 2009
—
Raymond Robert L & L B Trust
Raymond,robert L
Affidavit Of Death
related
—
Oct 13, 2006
—
Raymond R L & L B Living Trust
Raymond,robert L & Loisjean B
Quit Claim Deed
related
—
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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