Building Details

Building Size 2,324 SF

Year Built 1910

Units 3

Listing Agency: Decker Bullock Dreyfus, Inc

Listed By: Ryan C De Mello · License #01232913 Show Phone

Source: Elliman

Added: Sep 13 Changed: Sep 14 Last Checked: Sep 14 at 7:16AM

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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 Decker Bullock Dreyfus, Inc

Investment Insights

Based on property information with market context.

This multifamily property includes three separate units across two homes and a barn-style building. The barn-style structure has a garage, kitchen, and bathroom on the lower level, with three rooms upstairs. Originally built in 1910, the property has been modified over time and occupies 2.3 acres.

Water service includes a well supported by relatively newer equipment installed by Palisades Pump, a 2,500-gallon storage tank, and supply from a water district. Two of the three units have separate electric meters. A seasonal creek runs along the rear of the parcel, and Howell Mountain School is adjacent to the property. The address is 506 White Cottage Rd N in Angwin, above St. Helena.

Key Highlights

• Three separate units across two homes and a barn‑style building
• 2.3‑acre parcel in Angwin above St. Helena
• Barn‑style building includes a garage, kitchen, bathroom, and three upstairs rooms

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

$37,079

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

3.37%

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%

$741,580 $741.6K

Cap Rate 7%

$529,700 $529.7K

Cap Rate 9%

$411,989 $412.0K

Market Conditions

NOI Build-Up for 2,324 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

$71.1K $30.60/SF

− Vacancy

−$3.7K −$1.59/SF

EGI

$67.4K $29.01/SF

− OpEx

−$30.3K −$13.05/SF

NOI

$37.1K $15.95/SF

Area

Napa County, CA

Vacancy

5.20%

Lease Rate

$30.60 /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%

$741,580

Cap Rate 7%

$529,700

Cap Rate 9%

$411,989

Alternative Uses

Best Use

Apartment 5plus

$529.7K

$463.5K – $618.0K (±1% cap)

NOI $37,079 @ 7.0% cap · market cap 3.37%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$4.69M

$4.10M – $5.47M (±1% cap)

NOI $328,281 @ 7.0% cap · market cap 29.84%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Building Supply Law Firm Auto Parts Store Electrical Service Restaurant Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

79

Businesses Nearby

Explore this area Business Placement

Demographics for 94508, CA

3,233

Population

1,128

Households

2.9

Avg Household Size

35

Median Age

57%

College-Educated

93%

High-School Grad

16.0 sq mi

ZIP Area

202

Density / Sq Mi

$116,534

Median Household Income

$34,125

Median Earnings

$1,651

Median Rent

$774,600

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - Multifamily compound with two homes and a barn-style residential building in a wooded Angwin setting.

Where is this multifamily property located?

The property is located at 506 White Cottage Rd N Angwin, CA.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Three separate units across two homes and a barn‑style building; 2.3‑acre parcel in Angwin above St. Helena; Barn‑style building includes a garage, kitchen, bathroom, and three upstairs rooms