Restored Historic Wedding
For Sale
$2,950,000
107 Sacramento Street, Nevada City, CA 95959
Multilevel hospitality property with event areas, guest accommodations, commercial kitchens, and distinctive historic interior features.
Property Size9,511 SF
Price / SF$310.17
Days on Market373
Property Features for 107 Sacramento Street
General Information
Standard status
Active
Size
9,511 SF
Property subtype
Retail
Amenities
indoor/outdoor wedding venue spaces
banquet room
dance floor
guest studio rental with full kitchen-bath-laundry
2 commercial kitchens
legendary wine cave
historic 1800s carved back bar
Central Air
3
C
Public.
Building Details
Year Built
1880
Construction
stone and timber
Listing Agency:
Century 21 Select Real Estate, Inc.
8522158
Listed By:
Clark Wright · License #01429470
8522158
Source:
Xome
Added: Aug 24, 2025
Changed: Aug 30
Last Checked: Aug 30 at 9:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Select Real Estate, Inc.
Investment Insights
Based on property information with market context.
Built in 1880, this restored multilevel venue occupies a stone-and-timber building with both indoor and outdoor event areas. The layout includes a banquet room and dance floor, along with a guest studio equipped with a full kitchen, bathroom, and laundry facilities.
Two commercial kitchens support hospitality operations, while a wine cave and carved 1800s back bar add distinctive elements to the property. Central air is also included. Located at 107 Sacramento Street in Nevada City, California, the building offers a combination of historic construction and functional event infrastructure for wedding venue, hospitality, or entertainment use.
Two commercial kitchens support hospitality operations, while a wine cave and carved 1800s back bar add distinctive elements to the property. Central air is also included. Located at 107 Sacramento Street in Nevada City, California, the building offers a combination of historic construction and functional event infrastructure for wedding venue, hospitality, or entertainment use.
Key Highlights
- Built in 1880 and restored stone‑and‑timber construction
- Indoor and outdoor event areas with banquet room and dance floor
- 2 commercial kitchens
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
$238,025
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
8.07%
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%
$4,760,500
$4.8M
Cap Rate 7%
$3,400,357
$3.4M
Cap Rate 9%
$2,644,722
$2.6M
Market Conditions
NOI Build-Up for 9,511 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
$353.8K $37.20/SF
− Vacancy
−$36.4K −$3.83/SF
EGI
$317.4K $33.37/SF
− OpEx
−$79.3K −$8.34/SF
NOI
$238.0K $25.03/SF
Area
Nevada County, CA
Vacancy
10.30%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
25.00%
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%
$4,760,500
Cap Rate 7%
$3,400,357
Cap Rate 9%
$2,644,722
Alternative Uses
Best Use
Specialty Retail
$3.40M
$2.98M – $3.97M
NOI $238,025 @ 7.0% cap · market cap 8.07%
Second Best
Mixed Use
$1.27M
$1.11M – $1.48M
NOI $89,076 @ 7.0% cap · market cap 3.02%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,037
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 33%
Chevron
Shops & Services
8,015 visits/mo
0.1 miles
The Pizza Joint
Dining
3,911 visits/mo
0.1 miles
Demographics for 95959, CA
18,621
Population
8,840
Households
2.1
Avg Household Size
53
Median Age
45%
College-Educated
96%
High-School Grad
311.9 sq mi
ZIP Area
60
Density / Sq Mi
$79,509
Median Household Income
$36,160
Median Earnings
$1,715
Median Rent
$603,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Wedding venue - Multilevel hospitality property with event areas, guest accommodations, commercial kitchens, and distinctive historic interior features.
Where is this wedding venue located?
The property is located at 107 Sacramento Street Nevada City, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Built in 1880 and restored stone‑and‑timber construction; Indoor and outdoor event areas with banquet room and dance floor; 2 commercial kitchens
