Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    704 Perkins St Ukiah, CA 95482-2004

    • Parking lots & garages
    • 0.75 lot acres
    OFF-MARKET
    Last Sale
    Jun 04, 2024
    $900,000
    Value Estimations
    $900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3914624
    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.

    Current Use by Public Records

    • Jay Epstein - State Farm Insurance Agent / Life Insurance Agency / Auto Insurance Agency
    • Starbucks / Coffee Shop / Breakfast Restaurant
    • Fidelity National Title Company / Title Company
    • Guillermo Memo Zazueta - Nexa Mortgage NMLS#1771204 / Mortgage Broker
    • Barajas Real Estate Group / Real Estate Agent

    Property Details for 704 Perkins St

    Lot size
    0.75 lot acres
    Property type
    Parking lots & garages
    APN
    179-030-26-00
    APU
    1790302600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $900,000
      ML approach
      $900,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Ukiah
    County
    Mendocino
    State
    California
    Longitude
    -123.195
    Latitude
    39.152
    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
    $5,135
    $325,377
    $98,244
    $423,621
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $230,000
      0.10 Acres

      479 School St

      PARKING LOT • 0.10 Acres
      479 School St, Ukiah, CA 95482-4313
      View Details
    • Value Estimation
      $230,000
      0.12 Acres

      469 School St

      PARKING LOT • 0.12 Acres
      469 School St, Ukiah, CA 95482-4313
      View Details
    • Value Estimation
      $210,000
      0.08 Acres

      Ukiah, CA 95482

      PARKING LOT • 0.08 Acres
      Ukiah, CA 95482
      View Details
    • Value Estimation by Request
      0.14 Acres

      Ukiah, CA 95482

      PARKING LOT • 0.14 Acres
      Ukiah, CA 95482
      View Details
    • Value Estimation by Request
      0.10 Acres

      411 School St

      PARKING LOT • 0.10 Acres
      411 School St, Ukiah, CA 95482
      View Details
    • Value Estimation
      $210,000
      0.25 Acres

      508 Perkins St

      PARKING LOT • 0.25 Acres
      508 Perkins St, Ukiah, CA 95482-4774
      View Details

    Similar Nearby for Sale

    • $1,750,000
      18,500 SF

      Ukiah Mixed-Use Automotive Hub

      High-visibility mixed-use building on a 2-acre corner lot.
      1120 S State St, Ukiah, CA 95482
      View Details
    • $3,200,000
      12,176 SF

      Ukiah Restaurant - For Sale

      Flagship Restaurant, Prime Location
      1180 Airport Park Blvd, Ukiah, CA 95482
      View Details
    • $289,000
      2,000 SF

      Ukiah Commercial Space For Sale

      Prime commercial space in Ukiah's established business district.
      252 N State St, Ukiah, CA 95482
      View Details
    • $1,500,000
      4,200 SF

      Highway 101 Visible Restaurant Property

      Former restaurant ready for renovation or redevelopment with highway visibility.
      1550 N Lovers Ln, Ukiah, CA 95482
      View Details
    • $1,200,000
      10,600 SF

      Historic Mixed-Use Building in Ukiah

      Historic 10,600 SF commercial building near downtown Ukiah, California.
      224 N Oak St, Ukiah, CA 95482
      View Details
    • $599,000
      0.23 Acres

      Downtown Ukiah Retail Opportunity

      Three spaces, 7700 sq ft, high visibility
      295 State St, Ukiah, CA 95482
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      4,500 SF

      Chevron Travel Plaza Retail Space

      New retail spaces in Chevron Travel Plaza off Hwy 101.
      1460 N Lovers Ln, Ukiah, CA 95482
      View Details
    • $2,000 /Mo
      2,000 SF

      Downtown Ukiah Commercial Space Available

      Prime commercial space in Ukiah's thriving downtown business district.
      252 N State St, Ukiah, CA 95482
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Available For Rent

      Retail space available, totaling 9,680 square feet within 11,219 SF building.
      1236 Airport Park Blvd, Ukiah, CA 95482
      View Details
    • $11 SF/Yr
      57,490 SF

      Ukiah Retail Space Available

      High-traffic Big Box Retail Space
      225 Orchard Ave, Ukiah, CA 95482
      View Details
    • $1,999 /Mo

      Retail/Office Space in Ukiah

      Located in the heart of Ukiah's upgraded business district.
      203 S State St, Ukiah, CA 95482
      View Details
    • $15 SF/Yr
      29,885 SF

      Park Falls Plaza: Ukiah Office Suites

      Prime Ukiah office space, 3 units available.
      1252 Airport Park Blvd, Ukiah, CA 95482
      View Details

    Property Visit Statistics

    • Visits by month
      13.9k
    • Visitors by month
      10.2k
    • Avg Time on site
      10 min
    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.
    704 Perkins St
    Ukiah, CA 95482-2004
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.