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    785 Port Rd Point Arena, CA 95468

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    For Sale
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    25-room boutique hotel with ocean views and event potential.

    Lot size:
    2.42 Acres

    Property Features for 785 Port Rd

    General Information

    Standard status
    Active
    Lot size
    2.42 Acres

    Building Details

    Year built
    1865

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    Listing Contact
    Steve Post
    Source: Crexi

    Listing Agency: Amber Hotel Company Listing Agent: Steve Post

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Boutique Waterfront Hotel Investment

    The Wharf Master's Inn is a 25-room boutique waterfront hotel located in Point Arena, California, overlooking Arena Cove and the Pacific Ocean. The property consists of six well-maintained and recently renovated buildings, featuring thoughtfully updated guest rooms and suites. Accommodations include private balconies with ocean or courtyard views, oversized jetted spa tubs, and fireplaces. The interiors are designed in a boutique style. Amenities at the Inn feature a courtyard with fountains and fire pits, and the 40-seat Wave Lounge, which has beer, wine, and limited food permits. A new catering kitchen is equipped with premium appliances. There is also a Zen Studio with a state-of-the-art Wellness Cocoon, zero-gravity massage chair, and Cocoon Fitness Pod sauna. Additional upgrades include an EV charger, an upgraded phone system, new weatherproof aluminum signage, and a 150kVa generator, making it the only hotel in the area with backup power. Guests have private access to coastal bluff trails leading to the Point Arena Lighthouse. The property has full event and venue rental potential, making it suitable for weddings, retreats, and private gatherings. It is positioned to capitalize on revenue growth opportunities in the coastal Mendocino County market. The property represents a turn-key investment with ADR over $200 and a 2024 NOI of $481,100.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Garden Center Bed & Breakfast Hair Salon Nail Salon Gym & Fitness Center Wine and Liquor Store Parking Lot & Garage Auto Parts Store Department Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Point Arena
    County
    Mendocino
    State
    California
    Longitude
    -123.542
    Latitude
    38.9193

    FAQs

    What type of property is this?
    Hotel - 25-room boutique hotel with ocean views and event potential.
    Where is this hotel located?
    The property is located at 785 Port Rd Point Arena, CA.
    What are key features of this property?
    This property features: - Waterfront 25-room boutique hotel with ocean views in high-demand Mendocino County.; - Turn-key investment with strong financial performance: **$481,100 NOI (9.3% Cap Rate)** and ADR over $200.; - Full event and venue rental potential for weddings, retreats, and private gatherings.
    Request Owner's contact information
    785 Port Rd Point Arena, CA 95468
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    Point Arena, CA 95468
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    785 Port Rd Point Arena, CA 95468
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    We can help!
    Listing Contact
    Steve Post
    Real Estate License ID: 01219756
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