Iconic Hotel with Bar &
For Sale
$2,950,000
8041 Soquel Drive, Aptos, CA 95003
Fully-equipped hotel with bar and grill in historic Aptos.
Property Size9,785 SF
Price / SF$301.48
Days on Market633
Property Features for 8041 Soquel Drive
General Information
Standard status
Active
Size
9,785 SF
Property subtype
Commercial
Building Details
Year Built
1878
Listing Agency:
MAIN STREET REALTORS
(831) 462-4000
Listed By:
DATTA KHALSA · License #01161050
Source:
Corcoran
Added: Nov 6, 2024
Changed: Jul 10
Last Checked: Jul 31 at 8:37AM
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 MAIN STREET REALTORS
Investment Insights
Based on property information with market context.
The Iconic Bayview is a fully-equipped hotel featuring a bar and grill, situated in a historic setting. The property is recognized as one of the significant buildings in the County, an Italianate masterpiece presiding at the heart of newly-revitalized Aptos Village, surrounded by shops and restaurants, with views of the Monterey Bay. Upon entering the lobby, high ceilings of stamped metal evoke a sense of history. The bar has operated with a type 47 liquor license which can be separately acquired. A full commercial kitchen has been used for events both small and large. To the rear, a broad patio opens out to the remaining relics of the lush gardens that bedeck its outdoor venues. The hotel offers 14 state rooms, most of which include en-suite baths or showers, including several suites which have been traditionally reserved for use by its operators and/or staff. The property size is 9785 square feet.
Key Highlights
- Historic landmark building built in 1878 in revitalized Aptos Village.
- Fully‑equipped hotel with 14 state rooms, most with en‑suite baths.
- Includes a bar with a type 47 liquor license.
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $528.4k | $54.00 |
| − Vacancy | −$93.0k | −$9.50 |
| EGI | $435.4k | $44.50 |
| − OpEx | −$228.6k | −$23.36 |
| NOI | $206.8k | $21.14 |
9,785 SF · lease $54.00/SF/yr · vacancy 17.60% · expense 52.50%
Alternative Uses
Best Use
Specialty Retail
$5.40M
$4.72M – $6.29M
NOI $377,667 @ 7.0% cap · market cap 12.80%
Second Best
Hotel Hospitality
$2.95M
$2.59M – $3.45M
NOI $206,812 @ 7.0% cap · market cap 7.01%
Theoretical Best
Retail
$5.60M
$4.90M – $6.53M
NOI $391,654 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,164
Businesses Nearby
136k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Groceries 34%
Dining 21%
Home Improvements & Furnishings 5%
Safeway
Groceries
46,145 visits/mo
0.4 miles
Safeway Gas
Shops & Services
29,500 visits/mo
0.5 miles
Starbucks
Dining
12,007 visits/mo
0.1 miles
Wells Fargo
Shops & Services
7,998 visits/mo
0.5 miles
Ace Hardware
Home Improvements & Furnishings
7,366 visits/mo
0.4 miles
Demographics for 95003, CA
24,706
Population
11,728
Households
2.1
Avg Household Size
50
Median Age
54%
College-Educated
96%
High-School Grad
32.4 sq mi
ZIP Area
763
Density / Sq Mi
$140,990
Median Household Income
$63,609
Median Earnings
$2,548
Median Rent
$1,154,000
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 - Fully-equipped hotel with bar and grill in historic Aptos.
Where is this hotel located?
The property is located at 8041 Soquel Drive Aptos, 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: Historic landmark building built in 1878 in revitalized Aptos Village.; Fully‑equipped hotel with 14 state rooms, most with en‑suite baths.; Includes a bar with a type 47 liquor license.
