Mixed-Use Property with
For Sale
$799,000
251 Main Street, Placerville, CA 95667
Renovated entertainment space with a full bar, commercial kitchen, accessibility features, and second-floor storage.
Property Size3,100 SF
Price / SF$257.74
Days on Market315
Property Features for 251 Main Street
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Mixed Use
Amenities
Central Air, A/C - Other
3
Commercial
Private, Public.
Building Details
Year Built
1886
Listing Agency:
Realty ONE Group Complete
3635468
Listed By:
Alesia DeVol
3635468
Source:
Xome
Added: Oct 20, 2025
Changed: Aug 29
Last Checked: Aug 29 at 10:11PM
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 Realty ONE Group Complete
Investment Insights
Based on property information with market context.
Located at 251 Main Street in Historic Downtown Placerville, this 3,100-square-foot mixed-use property dates to 1886 and has been substantially renovated. The interior includes a stage, music equipment, a full bar serving beer and wine, and a kitchen equipped with an Ansul system, oversized hood, and walk-in cooler. The space is fully ADA compliant and includes additional storage on the second floor.
Parking with signage is available along Highway 50. The existing business owner is open to negotiating a lease with the new owner and may continue operations or sell the business, providing flexibility for the next ownership structure. The property also supports consideration of adding a food component to the current business model.
Parking with signage is available along Highway 50. The existing business owner is open to negotiating a lease with the new owner and may continue operations or sell the business, providing flexibility for the next ownership structure. The property also supports consideration of adding a food component to the current business model.
Key Highlights
- 3,100‑square‑foot mixed‑use property at 251 Main Street
- Built in 1886 and renovated with a stage and music equipment
- Full bar with beer and wine service
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
$32,085
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
4.02%
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%
$641,700
$641.7K
Cap Rate 7%
$458,357
$458.4K
Cap Rate 9%
$356,500
$356.5K
Market Conditions
NOI Build-Up for 3,100 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
$55.8K $18.00/SF
− Vacancy
−$4.5K −$1.44/SF
EGI
$51.3K $16.56/SF
− OpEx
−$19.3K −$6.21/SF
NOI
$32.1K $10.35/SF
Area
El Dorado County, CA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$641,700
Cap Rate 7%
$458,357
Cap Rate 9%
$356,500
Alternative Uses
Best Use
Specialty Retail
$1.11M
$969.8K – $1.29M
NOI $77,582 @ 7.0% cap · market cap 9.71%
Second Best
Mixed Use
$458.4K
$401.1K – $534.8K
NOI $32,085 @ 7.0% cap · market cap 4.02%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,352
Businesses Nearby
Explore this area
Business Placement
Demographics for 95667, CA
37,283
Population
15,647
Households
2.4
Avg Household Size
50
Median Age
29%
College-Educated
93%
High-School Grad
169.1 sq mi
ZIP Area
220
Density / Sq Mi
$90,499
Median Household Income
$44,405
Median Earnings
$1,408
Median Rent
$527,900
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?
Mixed-use property - Renovated entertainment space with a full bar, commercial kitchen, accessibility features, and second-floor storage.
Where is this mixed-use property located?
The property is located at 251 Main Street Placerville, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 3,100‑square‑foot mixed‑use property at 251 Main Street; Built in 1886 and renovated with a stage and music equipment; Full bar with beer and wine service
