Building Details

Building Size 1,952 SF

Year Built 1869

Buildings 1

Listing Agency: Coldwell Banker Realty

Listed By: Kimberly Newton · License #01956158

Source: Teamnavigate

Added: Sep 5 Changed: Oct 4 Last Checked: Oct 5 at 10:53PM

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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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

Built in 1869, this 1,952-square-foot Victorian-era schoolhouse sits on approximately 0.99 acres in Lotus. Its interior includes an open hall, kitchen, one full bathroom, and two half bathrooms. Original features include a bell tower and bell, tall windows, and vintage woodwork. The grounds are landscaped, and a private parking lot is on site. The property carries Community Commercial zoning and cannot be used as a single-family residence; other uses require county review and approval.

The property is surrounded by the South Fork of the American River and is one mile from Marshall Gold Discovery State Historic Park. It has historic character, though no formal historic registration has been located. Any adaptation remains subject to applicable county requirements and approvals.

Key Highlights

• 1869 schoolhouse with Victorian‑era character
• 1,952 square feet on approximately 0.99 acres
• Community Commercial zoning; single‑family residential use is not allowed

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,203

Cap Rate

3.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$404,060 $404.1K

Cap Rate 7%

$288,614 $288.6K

Cap Rate 9%

$224,478 $224.5K

Market Conditions

NOI Build-Up for 1,952 SF

Gross rent

$35.1K $18.00/SF

− Vacancy

−$2.8K −$1.44/SF

EGI

$32.3K $16.56/SF

− OpEx

−$12.1K −$6.21/SF

NOI

$20.2K $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 Rate 5%

$404,060

Cap Rate 7%

$288,614

Cap Rate 9%

$224,478

Alternative Uses

Best Use

Mixed Use

$288.6K

$252.5K – $336.7K (±1% cap)

NOI $20,203 @ 7.0% cap · market cap 3.68%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$697.9K

$610.6K – $814.2K (±1% cap)

NOI $48,851 @ 7.0% cap · market cap 8.90%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Parking Lot & Garage Pet Grooming Service Building Supply Auto Parts Store

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

Location Intelligence

Trade Area within ½ mile

43

Businesses Nearby

Explore this area Business Placement

Demographics for 95651, CA

763

Population

237

Households

3.2

Avg Household Size

51

Median Age

27%

College-Educated

85%

High-School Grad

13.4 sq mi

ZIP Area

57

Density / Sq Mi

$38,606

Median Earnings

$1,960

Median Rent

$697,400

Median Home Value

Questions? Ask Rey

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

Frequently Asked Questions

What type of property is this?

Mixed-use property - Community Commercial zoning permits consideration of multiple uses, while single-family residential use is not allowed.

Where is this mixed-use property located?

The property is located at 5144 Bassi Road Lotus, CA.

What is the asking price?

The asking price for this property is $549,000.

What are key features of this property?

This property features: 1869 schoolhouse with Victorian‑era character; 1,952 square feet on approximately 0.99 acres; Community Commercial zoning; single‑family residential use is not allowed