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Property profile & analytics
FOR SALE
Warehouses
1400 Glendale Dr McKinleyville, CA 95519
Trust Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3081047
For Sale
1 / 3
$5,206,000
1400 Glendale Dr, McKinleyville, CA 95519
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Lot
1.71 ac (74,704 SF)
Zoning code
U
APN
516-161-005-000
UPID
US09-3081047
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.30M
Owner & transaction history
First Republic Trust Company · 3 yrs held
First Republic Trust Company
since 2023
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
U · Blue Lake, 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 McKinleyville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs McKinleyville 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
$5,660,000
ML approach
$5,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.30M
Range $4.77M – $5.83M · ±10% · vs last sale $5.00M (Mar 1 2023)
Last sale anchor
$5.00M
Mar 1 2023
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 2024Property tax & assessments
Tax year 2024
Tax billed
$11,718
Tax year 2024
Assessed value
$1,122,803
Assessed 2024
Previous assessed
$1,122,803
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$110,469
Assessed improvement
$1,012,334
Applied tax rate
57.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Sale
Heating
NONE
Lot
1.71 ac (74,704 SF)
Zoning code
U
APN
516-161-005-000
UPID
US09-3081047
Jurisdiction
HUMBOLDT
Zoning & alternative use
U · Blue Lake, CA
Zoning U · permitted uses
U · Blue Lake, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Blue Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1.71 ac
Current owner
From public records · entity-resolved
First Republic Trust Company
Trust
Mailing address
111 PNE ST, SAN FRANCISCO, CA 94111-5602
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2023
$5,000,000
First Republic Trust Company
Michael J Martin
Grant Deed
—
Jul 29, 2021
—
Michael J Martin
—
Deed
related
$1,900,000 · Umpqua Bank
Mar 29, 2018
—
David G Voyles
—
Deed
related
$949,000 · Umpqua Bk
Apr 15, 2013
—
Martin,michael Trust
Martin,michael J
Quit Claim Deed
related
—
Apr 16, 2004
—
David G Voyles
—
Trustees Deed
related
$882,853 · Six Rivers Bank
Oct 9, 1998
$175,000
Michael J Martin
Bianchi,daniel F
Grant Deed
$340,000 · Humboldt Bank
Mar 15, 1996
—
David G Voyles
—
Grant Deed
related
$225,000 · Six Rivers National Bank
Jan 14, 1993
$65,000
David G Etal Voyles
Blue Lk Frst Products
Grant Deed
—
—
—
David G Voyles
—
Deed Of Trust
related
$240,000 · Six Rivers National Bank
—
—
David G Voyles
—
Deed Of Trust
related
$1,200,000 · Wells Fargo Financial Leasing
—
—
David G Voyles
—
Deed Of Trust
related
$949,000 · Umpqua Bk
—
—
Mad River Storage Center
—
Deed Of Trust
related
$465,000 · Humboldt Bank
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.
Try Rey
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