Boutique Hotel with
For Sale
$595,000
1005 NYNFEO FLORINA GREECE, , CA, CA
Residential Income, CA
Property Size4,600 SF
Lot Size0.14 Acres
Price / SF$129.35
Days on Market1514
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
11
Bathrooms
35
Full bathrooms
1
Rooms
Bathroom 27, Bathroom 1, Bedroom 9, Bathroom 24, Bathroom 7, Bedroom 5, Bathroom 23, Bathroom 11, Bathroom 32, Bathroom 35, Bathroom 18, Bathroom 6, Bedroom 10, Bathroom 4, Bathroom 22, Bedroom 6, Bathroom 19, Bathroom 25, Bathroom 31, Bedroom 8, Bathroom 29, Bathroom 21, Bathroom 2, Bedroom 3, Bathroom 5, Bathroom 3, Bathroom 15, Bathroom 33, Bedroom 7, Bathroom 10, Bedroom 1, Bedroom 2, Bedroom 11, Bathroom 30, Bathroom 28, Bedroom 4, Bathroom 13, Bathroom 34, Bathroom 26, Bathroom 12, Bathroom 14, Bathroom 16, Bathroom 20, Bathroom 8, Bathroom 9, Bathroom 17
Parking
10
Parking features
On Street
Fireplace
1
Directions
NYMFEO FLORINA GREECE
Subdivision
Out of Area (outside USA)
Standard status
Active
APN
0000000005
Size
4,600 SF
Lot size
0.14 Acres
Utilities
Heating system
Central
Building Details
Year built
2010
Floors in Building
2
Number of units
9
Flooring type
Tile, Tile - Ceramic
Listing Agency:
Theodore Kyriazis, Realtors
(310) 278-9683
Listed By:
Theodore Kyriazis · License #01121471
(310) 770-3533
Added: Jul 1, 2022
Changed: Aug 19
Last Checked: Aug 22 at 11:06AM
MLS# 22-174255
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This boutique traditional hotel offers 31 rooms and spans 4,600 square feet, built in 2010. Interior finishes include tile and ceramic tile flooring, with central heating throughout. The property also features a fireplace, and provides on-street parking.
Situated at the highest point of the village of Nymfeo, the hotel is described as being near scenic lakes and about 15 miles from the town of Florina. The property is presented as renovated with a focus on traditional details.
Designed for hospitality use with multiple guest rooms and many bathrooms listed, the layout supports a small, boutique lodging operation within a compact lot size of 0.1377 acres.
Situated at the highest point of the village of Nymfeo, the hotel is described as being near scenic lakes and about 15 miles from the town of Florina. The property is presented as renovated with a focus on traditional details.
Designed for hospitality use with multiple guest rooms and many bathrooms listed, the layout supports a small, boutique lodging operation within a compact lot size of 0.1377 acres.
Key Highlights
- Boutique hotel offering 31 rooms
- 4,600 square feet with tile and ceramic tile flooring
- Built in 2010 with central heating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,397
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$707,940
$707.9K
Cap Rate 7%
$505,671
$505.7K
Cap Rate 9%
$393,300
$393.3K
Market Conditions
NOI Build-Up for 4,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.8K $18.00/SF
− Vacancy
−$8.3K −$1.80/SF
EGI
$74.5K $16.20/SF
− OpEx
−$39.1K −$8.51/SF
NOI
$35.4K $7.69/SF
Area
CA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$707,940
Cap Rate 7%
$505,671
Cap Rate 9%
$393,300
Alternative Uses
Best Use
Hotel Hospitality
$505.7K
$442.5K – $590.0K
NOI $35,397 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.41M
$1.23M – $1.64M
NOI $98,590 @ 7.0% cap · market cap 16.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Boutique hotel with central heating, tile flooring, on-street parking, and a fireplace in a 31-room setup.
Where is this hotel located?
The property is located at CA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Boutique hotel offering 31 rooms; 4,600 square feet with tile and ceramic tile flooring; Built in 2010 with central heating
