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1040 N State St 6,000 SF 100% Leased Retail Building Ukiah, CA 95482 $1,200,000 ($200/SF) 4.41% Cap Rate
Investment Highlights
- *High Visibility Retail Location - IDEAL FOR QSR, MEDICAL, SERVICE RETAIL, OR SHOWROOM USERS
- * Easy access and ample parking potential due to the large lot size.
- * Redevelopment Opportunity on 33,541 SF Land
- * Prime location near downtown Ukiah, surrounded by vibrant businesses and a growing community.
- * Ideal for leasing to generate immediate income or redeveloping into a high-value commercial or mixed-use property.
- SIGNALIZED CORNER LOCATION with strong daily traffic
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$65,916
|
$10.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$65,916
|
$10.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$13,020
|
$2.17
|
| Net Operating Income |
$52,896
|
$8.82
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $65,916 |
| Annual Per SF | $10.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $65,916 |
| Annual Per SF | $10.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $13,020 |
| Annual Per SF | $2.17 |
| Net Operating Income | |
|---|---|
| Annual | $52,896 |
| Annual Per SF | $8.82 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,000 SF
Building Class
C
Year Built
1987
Price
$1,200,000
Price Per SF
$200
Cap Rate
4.41%
NOI
$52,872
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.77 AC
Opportunity Zone
Yes
Zoning
C-3 - General Commercial
Parking
35 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
82’ on N State St
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Community Resources-indpndnc
- Health Care and Social Assistance
- -
- -
- -
- -
- Mendoino Tax Service
- Professional, Scientific, and Technical Services
- -
- -
- -
- -
- New Dawn Insurance
- Finance and Insurance
- -
- -
- Modified Gross
- Dec 2016
- One Stop Shop
- Retailer
- -
- -
- -
- -
- Tgif Repairs Inc
- Services
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Community Resources-indpndnc | Health Care and Social Assistance | - | - | - | - | |
| Mendoino Tax Service | Professional, Scientific, and Technical Services | - | - | - | - | |
| New Dawn Insurance | Finance and Insurance | - | - | Modified Gross | Dec 2016 | |
| One Stop Shop | Retailer | - | - | - | - | |
| Tgif Repairs Inc | Services | - | - | - | - |
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 001-450-11-00 | Improvements Assessment | $769,466 (2025) |
| Land Assessment | $384,726 (2025) | Total Assessment | $1,154,192 (2025) |
Property Taxes
Parcel Number
001-450-11-00
Land Assessment
$384,726 (2025)
Improvements Assessment
$769,466 (2025)
Total Assessment
$1,154,192 (2025)
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Presented by
Bridgegate Real Estate
1040 N State St
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