This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

14450 Highway 1

4,500 SF 100% Leased Retail Building Valley Ford, CA 94972 $1,350,000 ($300/SF) 6.15% Cap Rate

Investment Highlights

  • 100% Leased.
  • All tenants on gross leases with tenant reimbursements.
  • Easy accessed from Hwy-1 near Bodega Bay.
  • Staggered lease expirations.
  • Well-maintained with pride of ownership.

Executive Summary

This is a commercially zoned property with four tenants consisting of 2 unit commercial buildings occupied by Estero Café and Best of the Bay Auto Body. There is a 2-bedroom home, and a leased cellular antenna disguised as a water tower.

The auto shop consists of 3 garage bays with roll-up doors, paint booth and covered parking in the back for vehicle storage and repair. The Estero Café has been remodeled with up-to-date appliances, patio seating, exhaust fan in 2015, swamp cooler in 2018 and wired for a backup generator in the back and hot water heater in 2024. There is potable water delivered to the café paid for by the café.

The residential home in the back is a two-bedroom, two bath rental home located in the southeast corner of the property. Built in 2006, the home has a backyard, patio area and dedicated parking for three cars. Recent updates include a hot water heater in 2015 and new duct work in 2018. New appliances are a stacked Washer dryer in 2019, Whole home generator back up with Tesla charger in 2020, kitchen remodel with new patio door and deck in 2020.

The property is located in a gorgeous setting with views looking northwest to the valley and pastoral hills to the east. There is a local market steps from the front door next to the Valley Ford cheese & creamery. Across the street is Rocker Oysterfellers and Dinucci’s Italian restaurant, the Valley Ford post office and Northern Light Surf Shop.

CA-Highway 1 is known nationally and is highly travelled by tourists going to Bodega Bay to the north or Dillion beach and Pt. Reyes to the south. This investment offers a buyer investment Income from four different sources, low management cost, tenants in place with extended leases and limited competition. The beauty and other businesses in town draws tourists to stop in town.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,500 SF
Building Class
C
Year Built
1964
Price
$1,350,000
Price Per SF
$300
Cap Rate
6.15%
NOI
$83,048
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.36 AC
Zoning
C/MX - Commercial/Mixed Use
Parking
17 Spaces (3.78 Spaces per 1,000 SF Leased)

Amenities

  • Restaurant

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
026-010-047
Land Assessment
$375,269
Improvements Assessment
$525,388
Total Assessment
$900,657
  • Listing ID: 33975394

  • Date on Market: 11/22/2024

  • Last Updated:

  • Address: 14450 Highway 1, Valley Ford, CA 94972

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}