Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    483 Chestnut St Fort Bragg, CA 95437-4913
    Back to Search
    Property profile & analytics

    483 Chestnut St Fort Bragg, CA 95437-4913

    View on Map
    • Retail properties & Spaces
    • 952 SF
    • 0.22 lot acres
    Off-Market
    Last Sale Jul 2, 2021
    $249,000
    Property ID
    US09-1063504
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Coast Laboratory Services / Medical Laboratory
    • Jennifer Raymann / Hair Salon / Nail Salon
    • Maven Collective / Hair Salon
    • OARS (Outreach, Advocacy, Resources and Services) / Social Service Agency

    Property Details for 483 Chestnut St

    Year built
    1983
    Construction
    WOOD
    Lot size
    0.22 lot acres
    Property size
    952 SF
    Property type
    Retail properties & Spaces
    APN
    018-052-27-00
    APU
    180522700

    Description

    This exceptional 1,050 square foot commercial property, located at 483 Chestnut Street in Fort Bragg, California (zip code 95437), presents a unique investment opportunity. Currently operating as a leased salon, this versatile space offers significant potential for expansion and redevelopment. The property boasts ample parking and enjoys desirable southern exposure, maximizing natural light. The existing building sits on a solid slab foundation and has a history of diverse uses, demonstrating its adaptability to various business ventures. Its commercial zoning allows for a range of possibilities, including the addition of multiple units, subject to local regulations and approvals. The asking price is $300,000. This prime location in Fort Bragg offers excellent visibility and accessibility, making it an attractive proposition for both established businesses and new ventures seeking a foothold in a thriving community. The property's size and zoning provide a solid foundation for future growth and profitability. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land offering. The property is situated at latitude 39.4365559 and longitude -123.801326.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Bragg
    County
    Mendocino
    State
    California
    Longitude
    -123.801
    Latitude
    39.4366
    CBSA code
    46380
    CBSA name
    UKIAH, CA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,135
    $153,000
    $100,980
    $253,980
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6.55 Acres

      32461 Hwy 20

      NURSERY, GREENHOUSE, FLORIST • 6.55 Acres
      32461 Hwy 20, Fort Bragg, CA 95437-8213
      View Details
    • Value Estimation by Request
      3.00 Acres

      18850 Hare Crk Ter

      NURSERY, GREENHOUSE, FLORIST • 3.00 Acres
      18850 Hare Crk Ter, Fort Bragg, CA 95437-7733
      View Details
    • Value Estimation by Request
      1.46 Acres

      18855 Trillium Ln

      NURSERY, GREENHOUSE, FLORIST • 1.46 Acres
      18855 Trillium Ln, Fort Bragg, CA 95437-8218
      View Details
    • Value Estimation by Request
      1,580 SF

      20100 Hanson Rd

      NURSERY, GREENHOUSE, FLORIST • 1,580 SF
      20100 Hanson Rd, Fort Bragg, CA 95437-9211
      View Details
    • Value Estimation by Request
      1,340 SF

      20110 Hanson Rd

      NURSERY, GREENHOUSE, FLORIST • 1,340 SF
      20110 Hanson Rd, Fort Bragg, CA 95437-9211
      View Details
    • Value Estimation by Request
      0.15 Acres

      525 Franklin St

      NURSERY, GREENHOUSE, FLORIST • 0.15 Acres
      525 Franklin St, Fort Bragg, CA 95437-5101
      View Details

    Similar Nearby for Sale

    • $980,000
      5,000 SF

      Fort Bragg Commercial Opportunity

      Commercial property with shop, offices, and residential units.
      18781 Highway 1, Fort Bragg, CA 95437
      View Details
    • $980,000
      5,000 SF

      Automotive Business with Residential Units

      Automotive shop with residential units and development potential.
      18781 Highway 1, Fort Bragg, CA 95437
      View Details
    • $350,000
      1,714 SF

      Fort Bragg Retail Opportunity

      Commercial space in prime location, suitable for various retail uses.
      112 S Main St, Fort Bragg, CA 95437
      View Details
    • $1,395,000
      13.70 Acres

      Oceanfront Acreage in Fort Bragg

      Rare 13.7-acre oceanfront property with building envelope and well.
      17290 Ocean Dr, Fort Bragg, CA 95437
      View Details
    • $750,000
      6,192 SF

      Fort Bragg Commercial Office Building

      Two-story office building with ocean and harbor views for sale.
      1102 S Main St, Fort Bragg, CA 95437
      View Details
    • $599,000

      Historic Mixed-Use Property in Downtown

      Mixed-use property in downtown Fort Bragg ready for re-imagining.
      321 N Franklin St, Fort Bragg, CA 95437
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    483 Chestnut St
    Fort Bragg, CA 95437-4913
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    483 Chestnut St, Fort Bragg, CA, 95437
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!