1550 Millview RdUkiah, CA 95482

Property Details for 1550 Millview Rd

Lot size

1.53 AC

Property type

Manufacturing properties

APN

170-120-08-00

APU

1701200800

Description

This exceptional 1.53-acre industrial property in Ukiah, California, presents a rare opportunity. Located at 1550 Millview Road, this site boasts convenient access to both State Street and Highway 101, ensuring seamless transportation and logistics. The property is zoned I1, light industrial, and is bordered by two county roads, providing excellent accessibility and visibility. The site includes a substantial industrial building, measuring approximately 14,900 square feet, offering significant space for various industrial operations. A key advantage is the more than ample power supply already connected to the building, eliminating the need for costly upgrades. Furthermore, the entire property is fully fenced, enhancing security and providing a defined perimeter. This combination of location, size, building improvements, and power capacity makes this a highly desirable property for businesses seeking a well-established and functional industrial space in a strategic location within Ukiah. The asking price for this turnkey industrial site is $2,000,000. This is a rare opportunity to acquire a well-situated and fully functional industrial property in a growing area. Don't miss out on this exceptional offering.

• CAP approach

  CAP return

  Valuation

  6%

  $39,393,500

  6.5%

  $36,363,200

  7%

  $33,765,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,566,900

  Geo Method

  $15,225,100

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $18,900,600

  Mixed-Use / Specialty

  $19,033,100

  Hospitality / Lodging

  $14,224,200

  Office

  $19,128,200

  Institutional / Educational

  $19,858,200

  Residential Income

  $23,234,100

  Multifamily

  $26,757,400

  Automotive / Energy

  $17,021,300

  Parking / Income-Based Land

  $5,676,340

  Restaurant / Food Service

  $10,325,900

  Healthcare / Senior Housing

  $19,313,100

Location Insight

City

Ukiah

County

Mendocino

State

California

Latitude

39.1702

Longitude

-123.214

CBSA code

46380

CBSA name

UKIAH, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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