Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    350 Main St Vallecito, CA 95247

    Sponsored
    For Sale
    $1,750,000

    Other - Murphys, CA

    Property size:
    1,668 SF
    Lot size:
    0.61 Acres
    Days on Market:
    84
    Last Refresh:
    Feb 13 at 8:06 pm

    Property Features for 350 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C1-Land Commercial
    APN
    068017017000
    Parking
    3
    Exterior features
    Sidewalk, See Remarks, Other, Corner, Landscape Back, Landscape Front
    Size
    1,668 SF
    Lot size
    0.61 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Multi Units

    Building Details

    Flooring type
    Wood
    Roof type
    Composition
    Architectural style
    Other
    Additional Structures
    See Remarks

    We can help!

    Listing Contact
    Joan Irish
    Joan Irish

    Century 21 Sierra Properties (209) 728-8870

    Listing agent Joan Irish (209) 728-8870 License #01295110

    Listing date Nov 22, 2025

    MLS# 202500954 Listing URL

    Copyright © 2026 Calaveras County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Murphys Commercial Property For Sale

    Located at 350 Main Street in historic downtown Murphys, CA, this commercial property is positioned on a corner lot with Main Street frontage. The property currently provides income from two established tenants and offers opportunities for expansion. The main building houses a tasting room, restaurant, and storage area, complemented by indoor and outdoor seating. There are two restrooms, one shared and one private, and three dedicated parking spaces for tenants in the rear. Value-add potential exists through the planned construction of a 1,142 square foot corner addition, for which rough plans are available. A 954 square foot barn, currently used for storage, could be renovated into commercial space, and a 746 square foot barn expansion offers additional build-out potential. The flexible zoning accommodates various commercial uses. Murphys is a tourism and wine destination in California's Sierra Foothills. The property's location and corner visibility are suitable for restaurants, tasting rooms, retail, or boutique services. The property is the historic Michelson Building, the childhood home of physicist Albert Michelson, who was awarded the Nobel Prize in Physics in 1907. The property size is 1,668 square feet, situated on a 0.61-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hovey Winery Tasting ... Brewery & Distillery Murphys Pourhouse Bar & Pub

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vallecito
    County
    Calaveras
    State
    California
    Longitude
    -120.463047
    Latitude
    38.137929

    Nearby Similar for Sale

    • $850,000
      2,900 SF

      Murphys Medical Office on Highway

      Well-maintained medical office with high visibility and easy highway access.
      382 Highway 4 W, Vallecito, CA 95247
      View Details
    • $275,000

      Turn-Key Restaurant in Murphys, CA

      Thriving restaurant with full liquor license in downtown Murphys.
      191 Main St, Vallecito, CA 95247
      View Details
    • $90,000
      0.12 Acres

      Established Restaurant Business Opportunity

      Turnkey Italian restaurant for sale in historic downtown Murphys.
      380 Main St, Vallecito, CA 95247
      View Details
    • $699,000
      129.54 Acres

      Vallecito Acreage with Panoramic Views

      129-acre property near Murphys and Columbia State Park, California.
      Airola Rd, Vallecito, CA 95251
      View Details
    • $175,000
      0.42 Acres

      Tasting Room with Sundeck

      Profitable tasting room with sundeck and furnished apartment.
      448 Main St, Vallecito, CA 95247
      View Details
    • $99,000

      Established Retail Clothing Store Opportunity

      Profitable retail clothing store for sale in downtown Murphys.
      402 Main St, Vallecito, CA 95247
      View Details
    • $2,295,000
      3,500 SF

      Vallecito Winery and Event Venue

      120-acre winery with vineyards, cave, and event facilities.
      4280 Red Hl Access Rd, Vallecito, CA 95251
      View Details
    • Contact for pricing

      Prime Commercial Property in Murphys

      Commercial property with income and expansion potential in historic Murphys.
      Main St, Vallecito, CA 95247
      View Details
    • Contact for pricing

      Murphys Golf Course and Restaurant

      9-hole golf course, restaurant, and event venue in Murphys, CA.
      Forest Meadows Dr, Vallecito, CA 95247
      View Details
    • $175,000

      Murphys Main Street Tasting Room

      Profitable tasting room with sundeck and furnished apartment.
      448 Main St, Vallecito, CA 95247
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Prime commercial property in historic downtown Murphys with income potential.
    Where is this conventional restaurant located?
    The property is located at 350 Main St Vallecito, CA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Prime commercial property in the heart of historic downtown Murphys with premium Main Street frontage.; - Immediate income from two established tenants.; - Significant value-add potential through future development of unused areas (Corner Addition: 1,142 SqFt; Barn Renovation: 954 SqFt; Barn Expansion: 746 SqFt).
    (209) 743-4421
    Request Owner's contact information
    350 Main St Vallecito, CA 95247
    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.
    350 Main St
    Vallecito, CA 95247
    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
    350 Main St Vallecito, CA 95247
    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

    We can help!
    Listing Contact
    Joan Irish
    Joan Irish
    Real Estate License ID: 01295110
    (209) 743-4421 (209) 728-8870
    Learn more
    Google sign-in failed. Please try again or use another login method.