Victorian Bed &
For Sale
$1,250,000
700 North Main Street, Fort Bragg, CA 95437
Victorian property with guest accommodations, gardens, dining areas, and a private innkeepers unit.
Property Size5,728 SF
Price / SF$218.23
Days on Market1202
Property Features for 700 North Main Street
General Information
Standard status
Active
Size
5,728 SF
Property subtype
Commercial Sale / Multi Family
Zoning
General commercial
Additional Details
Utilities to Site
Yes
Amenities
gardens
dining areas
off-street parking
Building Details
Construction
Victorian
Listing Agency:
Century 21 Fort Bragg Realty
(707) 964-2121
Listed By:
Paul Clark · License #0640014
(707) 964-2121
Source:
Compass
Added: May 19, 2023
Changed: Aug 30
Last Checked: Aug 31 at 12:22AM
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 Fort Bragg Realty
Investment Insights
Based on property information with market context.
Located at 700 North Main Street in Fort Bragg, this 5,728-square-foot Victorian property previously operated as a bed and breakfast and is currently occupied on a month-to-month basis. The building includes 10 guest rooms, dining areas, multiple entrances, and a private innkeepers unit. Redwood interior details and documented upgrades contribute to the property’s established character.
The site spans two parcels on the North Mendocino Coast and has General commercial zoning with city services. Southern exposure, gardens, and private off-street parking are included. The existing room configuration and hospitality-oriented features support continued evaluation as a bed-and-breakfast property, subject to applicable requirements.
The site spans two parcels on the North Mendocino Coast and has General commercial zoning with city services. Southern exposure, gardens, and private off-street parking are included. The existing room configuration and hospitality-oriented features support continued evaluation as a bed-and-breakfast property, subject to applicable requirements.
Key Highlights
- 10 guest rooms within a 5,728‑square‑foot Victorian property
- Previously operated as a bed and breakfast; currently occupied month to month
- Private innkeepers unit and multiple entrances for guest separation
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
$48,740
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
3.90%
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%
$974,800
$974.8K
Cap Rate 7%
$696,286
$696.3K
Cap Rate 9%
$541,556
$541.6K
Market Conditions
NOI Build-Up for 5,728 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
$92.8K $16.20/SF
− Vacancy
−$4.2K −$0.73/SF
EGI
$88.6K $15.47/SF
− OpEx
−$39.9K −$6.96/SF
NOI
$48.7K $8.51/SF
Area
Mendocino County, CA
Vacancy
4.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
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%
$974,800
Cap Rate 7%
$696,286
Cap Rate 9%
$541,556
Alternative Uses
Best Use
Apartment 5plus
$696.3K
$609.3K – $812.3K
NOI $48,740 @ 7.0% cap · market cap 3.90%
Second Best
Hotel Hospitality
$524.7K
$459.1K – $612.2K
NOI $36,731 @ 7.0% cap · market cap 2.94%
Theoretical Best
Flex RnD
$2.14M
$1.87M – $2.50M
NOI $149,905 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95437, CA
14,608
Population
7,654
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
86%
High-School Grad
177.4 sq mi
ZIP Area
82
Density / Sq Mi
$55,061
Median Household Income
$35,860
Median Earnings
$1,367
Median Rent
$541,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Atrium Garden Inn — 700 N Main St, Fort Bragg, CA 95437
- The Captains Quarters — 533 E Fir St, Fort Bragg, CA 95437
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Victorian property with guest accommodations, gardens, dining areas, and a private innkeepers unit.
Where is this bed & breakfast located?
The property is located at 700 North Main Street Fort Bragg, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 10 guest rooms within a 5,728‑square‑foot Victorian property; Previously operated as a bed and breakfast; currently occupied month to month; Private innkeepers unit and multiple entrances for guest separation
