Coastal Inn with Ocean
5920 Highway 1, Elk, CA 95432
For Sale
$12,500,000
Luxurious 19-unit inn on 2.5 acres with restaurants.
Property Size20,000 SF
Lot Size2.50 Acres
Days on Market245
Property Features for 5920 Highway 1
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Listing Agency:
Mendo Sotheby's International Realty
Listed By:
Greg Burke · License CA #01206312
(707) 489-7027
Source:
Elliman
Added: Mar 11
Changed: Nov 9
Last Checked: Nov 10 at 8:34AM
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 Mendo Sotheby's International Realty
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Investment Insights
Based on property information with market context.
The Sacred Rock Inn is situated on the Mendocino Coast, offering 19 seaside accommodations across 5 parcels on 2.5 acres. The property includes an eclectic collection of buildings, featuring 2 private residences, 2 separate restaurants, a lobby/reception area with an office and gift shop, and a detached conservatory currently configured for yoga and spa treatments. An extensive 'back of the house' network addresses housekeeping, maintenance, and storage needs. There is also a separate lot available for employee, event, and overflow parking. The grounds of the property can accommodate larger gatherings for weddings and corporate retreats. The inn features a mix of cottages, two-story bungalows, and inn units with ocean views and private decks. The inn is a fully-restored Victorian/Craftsman property located in Elk, recognized as a destination for food and wine enthusiasts. The surrounding area features rocky promontories and redwoods along the coast. Coastal Mendocino is known for its year-round tourism, events, and wellness offerings. The property includes extensive landscaping with pathways and terraced decking along the bluff top. The property has been updated and maintained, ensuring limited near-term capital improvements.
Key Highlights
- 19 luxurious seaside accommodations on 2.5+- acres with ocean views and private decks.
- Two on‑site restaurants: an upscale dining room and a gastropub.
- Located in Elk, named the best small town in America for foodies and wine lovers, home to a two‑Michelin‑starred restaurant.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$500,526
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,010,520
$10.0M
Cap Rate 7%
$7,150,371
$7.2M
Cap Rate 9%
$5,561,400
$5.6M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$744.0K $37.20/SF
− Vacancy
−$76.6K −$3.83/SF
EGI
$667.4K $33.37/SF
− OpEx
−$166.8K −$8.34/SF
NOI
$500.5K $25.03/SF
Area
Mendocino County, CA
Vacancy
10.30%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,010,520
Cap Rate 7%
$7,150,371
Cap Rate 9%
$5,561,400
Alternative Uses
Best Use
Specialty Retail
$7.15M
$6.26M – $8.34M
NOI $500,526 @ 7.0% cap · market cap 4.00%
Second Best
Hotel Hospitality
$1.83M
$1.60M – $2.14M
NOI $128,250 @ 7.0% cap · market cap 1.03%
Theoretical Best
Flex RnD
$7.48M
$6.54M – $8.72M
NOI $523,411 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 95432, CA
443
Population
441
Households
1
Avg Household Size
49
Median Age
50%
College-Educated
98%
High-School Grad
72.0 sq mi
ZIP Area
6
Density / Sq Mi
$17,708
Median Earnings
$728,100
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Luxurious 19-unit inn on 2.5 acres with restaurants.
Where is this bed & breakfast located?
The property is located at 5920 Highway 1 Elk, CA.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: 19 luxurious seaside accommodations on 2.5+- acres with ocean views and private decks.; Two on‑site restaurants: an upscale dining room and a gastropub.; Located in Elk, named the best small town in America for foodies and wine lovers, home to a two‑Michelin‑starred restaurant.
