Historic Riverfront Washington Hotel For
For Sale
Contact for pricing
15432 Washington Rd, Nevada City, CA 95959
Gold Rush-era mixed-use property with restaurant, bar, and guest rooms.
Property Size8,206 SF
Price / SF$121.25
Days on Market483
Property Features for 15432 Washington Rd
General Information
Standard status
Active
Size
8,206 SF
Property subtype
Hospitality, Mixed Use
Zoning
C-1
Occupancy
10%
Building Details
Year Built
1865
Year Renovated
2017
Stories
3
Listing Agency:
Tucker Commercial
(530) 272-7222
Listed By:
Tyson Tucker · License #01804034
Source:
Crexi
Added: Apr 16, 2025
Changed: Aug 8
Last Checked: Aug 11 at 4:26PM
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 Tucker Commercial
Investment Insights
Based on property information with market context.
The Washington Hotel is a mixed-use property located in Washington, CA. This 8,206 square-foot property, positioned directly on the South Yuba River, includes 14 guest rooms, a full-service restaurant and bar, and a 2-bedroom, 1-bathroom apartment (2,172 SF) on the third floor. The property is currently generating approximately $533,000 in annual gross income (2024), with the restaurant and bar producing approximately 85% of the revenue. The property benefits from a Type 47 liquor license. Assuming market rent for the apartment, pro forma income reaches $555,000, with approximately $88,000 in NOI. The property presents an opportunity to own a cash-flowing asset.
Key Highlights
- Iconic Gold Rush‑era riverfront hotel directly on the South Yuba River.
- High‑performing full‑service restaurant & bar generating ~85% of the property's $533,000 annual gross income.
- Includes a valuable Type 47 liquor license (estimated $175K value).
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
$76,854
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
7.72%
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%
$1,537,080
$1.5M
Cap Rate 7%
$1,097,914
$1.1M
Cap Rate 9%
$853,933
$853.9K
Market Conditions
NOI Build-Up for 8,206 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
$132.9K $16.20/SF
− Vacancy
−$10.0K −$1.22/SF
EGI
$123.0K $14.99/SF
− OpEx
−$46.1K −$5.62/SF
NOI
$76.9K $9.37/SF
Area
Nevada County, CA
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
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%
$1,537,080
Cap Rate 7%
$1,097,914
Cap Rate 9%
$853,933
Alternative Uses
Best Use
Specialty Retail
$2.93M
$2.57M – $3.42M
NOI $205,366 @ 7.0% cap · market cap 20.64%
Second Best
Mixed Use
$1.10M
$960.7K – $1.28M
NOI $76,854 @ 7.0% cap · market cap 7.72%
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
22
Businesses Nearby
Explore this area
Business Placement
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?
Hotel - Gold Rush-era mixed-use property with restaurant, bar, and guest rooms.
Where is this hotel located?
The property is located at 15432 Washington Rd Nevada City, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Iconic Gold Rush‑era riverfront hotel directly on the South Yuba River.; High‑performing full‑service restaurant & bar generating ~85% of the property's $533,000 annual gross income.; Includes a valuable Type 47 liquor license (estimated $175K value).
