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    235 E Main St Dayton, WA

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    Fully updated 15-key boutique hotel in Dayton, Washington.

    Type:HOSPITALITY
    Lot size:
    0.24 Acres
    Added:
    Nov 23, 2025
    Days on Market:
    157
    Last Refresh:
    Apr 5 at 8:12 pm

    Property Features for 235 E Main St

    General Information

    Standard status
    Active
    Lot size
    0.24 Acres
    Property subtype
    HOSPITALITY

    We can help!

    Listing Contact
    Joseph Kennedy
    Joseph Kennedy

    Listing agent Joseph Kennedy

    Listing office Crystal Investment Property LLC

    Listing date Nov 23, 2025

    Source Moodyscre

    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 Crystal Investment Property LLC

    Overview

    Historic Boutique Hotel with Retail

    This fully updated, 15-key, interior corridor boutique hotel is located in the heart of Dayton’s nationally registered historic downtown. Initially constructed in 1890 and fully renovated in 2024, the property has been repositioned as a high-end hospitality asset. The hotel features a mix of king rooms and suites, including the landmark Weinhard Suite, with oak flooring, frameless glass showers, bidets, and premium amenities. The ground floor includes a retail and natural wine shop with exterior Main Street access, a specialty coffee bar, and The Bobcat Room cocktail lounge. A private rooftop terrace with a fireplace adds event potential and supports full property buyouts and high-margin group business. Dayton draws year-round leisure travel from Walla Walla wine country, Bluewood Ski Area, and surrounding outdoor recreation, supporting consistent overnight demand. The property is unencumbered by brand or management, with built-in revenue opportunities across guest stays, events, and retail. Dayton is a scenic town nestled in the Palouse foothills, where wide-open landscapes meet a vibrant small-town core. Its historic downtown features vintage storefronts, local shops, cafes, and a restored theater that hosts movies and live performances. Visitors come for the year-round access to outdoor recreation, including hiking, biking, skiing, fishing, and exploring nearby waterfalls. Seasonal festivals, farmers markets, and community events add to the town’s lively, welcoming atmosphere. With its blend of natural beauty, historic charm, and a growing arts and food scene, Dayton offers a relaxing getaway just 30 minutes from Walla Walla, with scenic routes to Seattle, Spokane, Boise, and Portland. The building size is approximate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    EV Connect Charging ... Electric Vehicle Charging Station

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dayton
    County
    Columbia
    State
    Washington
    Longitude
    -117.98
    Latitude
    46.3198

    FAQs

    What type of property is this?
    Hotel - Fully updated 15-key boutique hotel in Dayton, Washington.
    Where is this hotel located?
    The property is located at 235 E Main St Dayton, WA.
    What are key features of this property?
    This property features: Fully renovated in 2024, this 15‑key upscale boutique hotel is located in Dayton's historic downtown, and boasts no deferred maintenance.; Features a mix of king rooms and suites with premium amenities, including the landmark Weinhard Suite.; Includes a retail & natural wine shop, specialty coffee bar, and cocktail lounge (The Bobcat Room) on the ground floor.
    (503) 530-1316 Call to check price and availability
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    Contact for Pricing
    Please call us for current price
    and status of this listing Joseph Kennedy
    Joseph Kennedy
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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