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7 W 2Nd St, Eureka, CA 95501
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Property summary
AI-generated overview
This exceptional 9,000 square foot industrial property, located at 7 W 2nd Street in Eureka, California, presents a unique investment opportunity. Situated on a 0.23-acre lot, this versatile warehouse boasts a flexible layout suitable for a variety of commercial uses. Currently configured as a cannabis production facility, the improvements significantly exceed the asking price of $1,250,000. The property's light industrial zoning allows for non-volatile extraction, with the potential for volatile extraction through a conditional use permit. Alternatively, the space is ideally suited for a food makers' headquarters, enabling multiple vendors to operate under one roof. This turnkey facility offers numerous possibilities for entrepreneurs seeking a ready-to-use space. A comprehensive list of fixtures and equipment is available for separate purchase, providing flexibility for customization. The property's prime location in Humboldt County, CA, zip code 95501, offers excellent access to transportation and local amenities. This is a rare chance to acquire a well-maintained, adaptable industrial space at a highly competitive price. Don't miss this opportunity to establish your business in a thriving market.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1948
Construction
WOOD
Total area
9,000 SF
Lot
0.23 ac (10,018 SF)
Zoning code
ML
APN
001-021-011-000
UPID
US09-2641286
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.25M
Owner & transaction history
since 2025
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
ML · Eureka, CA
Top alternative use upside
Restaurant
$1.7M
+2.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.25M
Value range
$1.13M – $1.38M
±10% around blend
Estimated value / SF
$139 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$1.13M
blend $1.25M
$1.38M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,000 SF
Lot area
0.23 ac
Year built
1948
Stories
1
APN
001-021-011-000
Zoning
ML
Assessed value
$1,289,365
Annual tax
$13,525
3
Income approach: direct capitalization
Partial preview
Income approach indication
$810k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$875k
@ 6.5% CAP return
$810k
@ 7% CAP return
$750k
4
Sales comparison
Partial preview
Sales approach indication
$1.03M
Range $301k – $1.74M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.25M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 21 sales
$184
-25%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $139/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+2%
vs current-use indication
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
4.20%
Implied, in-place cap rate for this manufacturing properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.20%
9.0%
NOI (est.)
$85k *
Last sale · Mar 2021
$1.22M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.03M
Move the market yield to see immediate price impact.
Value / SF
$225
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.70%4.20%4.70%
$77k
$2.07M
$1.82M
$1.63M
$85k
$2.30M
$2.03M
$1.81M
$94k
$2.53M
$2.23M
$1.99M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$13,525
Tax year 2024
Assessed value
$1,289,365
Assessed 2024
Previous assessed
$1,289,365
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$420,237
Assessed improvement
$869,128
Applied tax rate
3.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1948
Construction
WOOD
Heating
NONE
Stories
1
Total area
9,000 SF
Lot
0.23 ac (10,018 SF)
Zoning code
ML
APN
001-021-011-000
UPID
US09-2641286
Jurisdiction
HUMBOLDT
Zoning & alternative use
ML · Eureka, CAZoning ML · permitted uses
ML · Eureka, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1948
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
ML
Jurisdiction
Eureka, CA
Recorded code
ML
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for ML in Eureka, CA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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