47-Guestroom Boutique
210 N AUBURN ST, Grass Valley, CA 95945
For Sale
Contact for pricing
47-room boutique lodging with a heated pool, hot tub, and event space near historic downtown Grass Valley.
Property Size34,552 SF
Price / SF$225.75
Days on Market115
Property Features for 210 N AUBURN ST
General Information
Standard status
Size
Property subtype
Net Operating Income
Financials
Cap Rate
Business Included
Amenities
indoor and outdoor event space
heated swimming pool
hot tub
sauna
fitness center
lounge
bar
complimentary daily breakfast
evening wine and hors d'oeuvres reception
BBQ and picnic areas
onsite laundry facilities
two onsite employee units
Building Details
Year Built
Year Renovated
Units
Listing Agency:
Lodging Brokers Network
Listed By:
Kathryn Proctor California Certified Hotel Broker (CHB) · License CA #01926922
Source:
Crexi
Added: Jul 23
Changed: Nov 8
Last Checked: Nov 12 at 5:24AM
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 Lodging Brokers Network
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Investment Insights
Based on property information with market context.
Grass Valley Courtyard Suites is a boutique hotel offering 47 well-appointed guestrooms and suites, including 15 with full kitchens or kitchenettes, supporting both short- and extended-stay guests. The property includes indoor and outdoor event space of approximately 3,000 square feet, along with a heated swimming pool, hot tub, sauna, fitness center, lounge, and bar. On-site amenities also include BBQ and picnic areas and onsite laundry facilities. Two onsite employee units are included.
The hotel opened in 2002 and underwent additions and renovations over the years, including a ground-up guestroom expansion completed in 2021. The property is located at 210 N Auburn St, Grass Valley, roughly one block from historic downtown Grass Valley, the cultural center of Nevada County and the heart of California’s Gold Country.
The asset is operated by a manager and full staff. For investors, the current offering references a 9.7% cap rate on the 2025 adjusted net operating income, with potential for further revenue improvement through a revenue management program and a minor refresh of some guestrooms not updated as recently.
The hotel opened in 2002 and underwent additions and renovations over the years, including a ground-up guestroom expansion completed in 2021. The property is located at 210 N Auburn St, Grass Valley, roughly one block from historic downtown Grass Valley, the cultural center of Nevada County and the heart of California’s Gold Country.
The asset is operated by a manager and full staff. For investors, the current offering references a 9.7% cap rate on the 2025 adjusted net operating income, with potential for further revenue improvement through a revenue management program and a minor refresh of some guestrooms not updated as recently.
Key Highlights
- 47 guestrooms and suites, including 15 with full kitchens or kitchenettes
- Approximately 3,000 square feet of indoor and outdoor event space
- Heated swimming pool plus hot tub and sauna
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$259,969
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,199,380
$5.2M
Cap Rate 7%
$3,713,843
$3.7M
Cap Rate 9%
$2,888,544
$2.9M
Market Conditions
NOI Build-Up for 34,552 SF
Gross rent
$621.9K $18.00/SF
− Vacancy
−$74.6K −$2.16/SF
EGI
$547.3K $15.84/SF
− OpEx
−$287.3K −$8.32/SF
NOI
$260.0K $7.52/SF
Area
Nevada County, CA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,199,380
Cap Rate 7%
$3,713,843
Cap Rate 9%
$2,888,544
Alternative Uses
Best Use
Hotel Hospitality
$3.71M
$3.25M – $4.33M
NOI $259,969 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$12.35M
$10.81M – $14.41M
NOI $864,709 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,605
Businesses Nearby
Explore this area
Business Placement
Demographics for 95945, CA
26,302
Population
13,051
Households
2
Avg Household Size
50
Median Age
32%
College-Educated
94%
High-School Grad
61.1 sq mi
ZIP Area
430
Density / Sq Mi
$61,068
Median Household Income
$41,072
Median Earnings
$1,420
Median Rent
$496,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - 47-room boutique lodging with a heated pool, hot tub, and event space near historic downtown Grass Valley.
Where is this hotel located?
The property is located at 210 N AUBURN ST Grass Valley, CA.
What is the asking price?
The asking price for this property is $7,800,000.
What are key features of this property?
This property features: 47 guestrooms and suites, including 15 with full kitchens or kitchenettes; Approximately 3,000 square feet of indoor and outdoor event space; Heated swimming pool plus hot tub and sauna
