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 Market1247
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
Listed By:
Paul Clark · License #0640014
(707) 964-2121
Source:
Compass
Added: May 19, 2023
Changed: Oct 1
Last Checked: Oct 15 at 1:14AM
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
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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 / Yr
$48,740
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Similar Off Market Nearby
- Fort Bragg Lions Club — 430 E Redwood Ave, Fort Bragg, CA 95437
- Whispering ferns — Fort Bragg, CA 95437
- Low Tide — 401 N Main St, Fort Bragg, CA 95437
- 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
