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Property profile & analytics
OFF-MARKET
Estimated value
$2,975,000
Office Spaces
622 H St Eureka, CA 95501-1026
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-3583635
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1986
Construction
WOOD
Total area
17,790 SF
Lot
0.3 ac (13,068 SF)
Zoning code
CC-LW
APN
001-152-004-000
UPID
US09-3583635
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
-
Harland Law Firm: Lopez John L Law Firm
-
David Villasenor Physician
-
Open Door Downtown Association / Organization Community Health Centre
-
Harland Law Firm: Harland Gerald R Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.98M
CAP Approach
CAP
$2.77M
Comparable Approach
Comparable
$3.77M
Blend (final)
Blend
$2.98M
Owner & transaction history
Daniel J Mulligan · 1 yrs held
Daniel J Mulligan
since 2024
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
CC-LW · Eureka, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.4M
+31.7%
Industrial (general)
$3.3M
+29.0%
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 Eureka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eureka 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
$2,975,000
ML approach
$2,975,000
CAP Approach
CAP Return
Estimation
6%
$3,000,000
6.5%
$2,770,000
7%
$2,575,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,545,000
Current use
RESTAURANT
$3,350,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,280,000
Change: +29% · Conversion: Moderate
RETAIL STORES
$2,115,000
Change: -17% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,085,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$2.98M
Range $2.68M – $3.27M · ±10% · vs last sale $2.98M (Dec 17 2024)
Last sale anchor
$2.98M
Dec 17 2024
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
$167 / SF
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 2024Property tax & assessments
Tax year 2024
Tax billed
$32,469
Tax year 2024
Assessed value
$3,095,190
Assessed 2024
Previous assessed
$3,095,190
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$343,332
Assessed improvement
$2,751,858
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Stories
2
Rooms
4
Total area
17,790 SF
Lot
0.3 ac (13,068 SF)
Zoning code
CC-LW
APN
001-152-004-000
UPID
US09-3583635
Jurisdiction
HUMBOLDT
Zoning & alternative use
CC-LW · Eureka, CA
Zoning CC-LW · permitted uses
CC-LW · Eureka, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eureka. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.5M
RESTAURANT
Est. value
$3.4M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
RETAIL STORES
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
INDUSTRIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
NONE
Stories
2
Rooms
4
Lot
0.3 ac
Current owner
From public records · entity-resolved
Daniel J Mulligan
Individual
Mailing address
PO BOX 31, EUREKA, CA 95502-0031
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2024
—
Daniel J Mulligan
Daniel Mulligan
Deed
related
—
Jul 15, 2021
$2,975,000
Daniel Mulligan
Stephen A Moser
Grant Deed
$2,200,000 · Redwood Capital Bank
Oct 9, 2020
—
Ledbetter,k Exemption Trust
Dryden C Ledbetter
Affidavit Of Death
related
—
Apr 11, 2007
$1,500,000
Moser Stephen A 1993 Trust
Ledbetter Katherine Trust
Grant Deed
$1,250,000 · Ledbetter Katherine Trust
Sep 14, 2004
—
Ledbetter Katherine Trust
Ledbetter 1991 Trust
Quit Claim Deed
related
—
Jan 2, 1990
$1,300,000
Dryden Ledbetter
Westside Exchange Accommodator
Grant Deed
$500,000
—
—
Ledbetter Trust
—
Deed Of Trust
related
$422,000 · Coast Central Cu
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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