Listing Agency: California Outdoor Properties

Listed By: Ed Perry · License #DRE#02083581 Show Phone

Added: Jun 28 Changed: Sep 29 Last Checked: Nov 1 at 6:06AM

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MLS# 11916118

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Investment Insights

Based on property information with market context.

Cedar Crest Resort is a lakefront hospitality property on Huntington Lake’s north shore, with a forested High Sierra setting and improvements associated with resort and marina operations. The property includes approximately 11,500 square feet under roof, led by a 3,000-square-foot lodge containing a commercial kitchen, dining space for approximately 50 guests, a small bar, and a grocery store. Fourteen rental cabins, an owner’s cabin, a chef’s cabin, staff bunk cabins, shower and restroom buildings, laundry facilities, an A-frame shop, tool sheds, and other support structures are also included.

The resort has 18 RV sites and 12 rental campsites identified for redevelopment. A U.S. Forest Service, Sierra National Forest Commercial Use 133 Permit covers approximately 14.3 acres and authorizes resort and marina activities, including food service, retail sales, boat docks, boat rentals, and related facilities. The improvements include structures dating to the original 1922 compound, while the resort’s history traces to 1878. Food-service, retail, and liquor-sale licensing are also associated with the operation.

Key Highlights

• Approximately 11,500 square feet under roof across resort improvements
• Original 3,000‑square‑foot lodge with commercial kitchen and seating for approximately 50 guests
• 14 rental cabins, including lakefront and lake‑view accommodations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$67,467

Cap Rate

5.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,349,340 $1.3M

Cap Rate 7%

$963,814 $963.8K

Cap Rate 9%

$749,633 $749.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,500 SF

Gross rent

$165.6K $14.40/SF

− Vacancy

−$23.6K −$2.05/SF

EGI

$142.0K $12.35/SF

− OpEx

−$74.6K −$6.48/SF

NOI

$67.5K $5.87/SF

Area

Madera County, CA

Vacancy

14.23%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,349,340

Cap Rate 7%

$963,814

Cap Rate 9%

$749,633

Alternative Uses

Best Use

Specialty Retail

$3.60M

$3.15M – $4.20M (±1% cap)

NOI $251,809 @ 7.0% cap · market cap 18.65%

Second Best

Hotel Hospitality

$963.8K

$843.3K – $1.12M (±1% cap)

NOI $67,467 @ 7.0% cap · market cap 5.00%

Theoretical Best

Office A

$4.45M

$3.89M – $5.19M (±1% cap)

NOI $311,530 @ 7.0% cap · market cap 23.08%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Resorts

Lease Details

Turnkey business

Opportunity

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Explore this area Business Placement

Demographics for 93634, CA

55

Population

521

Households

0.1

Avg Household Size

41

Median Age

15%

College-Educated

100%

High-School Grad

1,162.3 sq mi

ZIP Area

$32,917

Median Earnings

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Frequently Asked Questions

What type of property is this?

Resort - Mountain hospitality property with cabins, recreational sites, dining facilities, and permitted marina operations on Huntington Lake.

Where is this resort located?

The property is located at 61011 Cedar Crest Lane Lakeshore, CA.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: Approximately 11,500 square feet under roof across resort improvements; Original 3,000‑square‑foot lodge with commercial kitchen and seating for approximately 50 guests; 14 rental cabins, including lakefront and lake‑view accommodations