Wedding Venue and Winery
For Sale
Contact for pricing
9345 Stanford Lane, Durham, CA 95938
Turnkey estate with remodeled residences, a 2020 tasting room, and event-ready restrooms for weddings and gatherings.
Property Size5,017 SF
Price / SF$348.81
Days on Market63
Property Features for 9345 Stanford Lane
General Information
Standard status
Active
Size
5,017 SF
Property subtype
Multifamily
Additional Details
Business Included
Yes
Building Details
Year Built
1925
Listing Agency:
Platinum Partners Real Estate
Listed By:
Lisa Bristow · License #01418223
Source:
Crexi
Added: Jun 5
Changed: Jul 10
Last Checked: Aug 6 at 6:03AM
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 Platinum Partners Real Estate
Investment Insights
Based on property information with market context.
This storybook estate blends remodeled farmhouse character with modern updates and multiple on-site accommodations. The main house was remodeled from an old farmhouse and includes a renovated kitchen (2024) featuring a 6-burner Blue Star range, zinc countertops, beverage and wine fridges, and heated floors extending through the kitchen entry, primary bath, and guest bath. The home also includes a gas fireplace and comfort upgrades such as a 2-year-old roof and HVAC mini splits. Additional residences include the Tree House, a 1 bed/1 bath with a new deck and access to a garage bay; a side of the duplex with a 2 bed/1 bath fully remodeled in 2025 with mini split and included appliances; the Syrah Suite, a studio remodeled in 2025 with mini split and full appliances; and the Cabana, a 2 bed/1 bath with a wood stove, mini split, appliances, and a carport.
Beyond the residences, the property operates as an established venue and boutique winery. A tasting room was built in 2020, and an original straw bale structure is currently used for wine and equipment storage. Public restrooms are in place to support events, designed for weddings and gatherings. Outdoor space is landscaped for a private garden setting, with decomposed granite paths, mature trees, and vine-covered trellises.
For buyers, this layout supports an integrated lifestyle and hosting model, combining event operations with multiple distinct rental or guest units. The presence of event-focused infrastructure such as public restrooms and a built tasting room can help streamline venue use, while the updated, separately configured accommodations offer practical options for hosting and occupancy management.
Beyond the residences, the property operates as an established venue and boutique winery. A tasting room was built in 2020, and an original straw bale structure is currently used for wine and equipment storage. Public restrooms are in place to support events, designed for weddings and gatherings. Outdoor space is landscaped for a private garden setting, with decomposed granite paths, mature trees, and vine-covered trellises.
For buyers, this layout supports an integrated lifestyle and hosting model, combining event operations with multiple distinct rental or guest units. The presence of event-focused infrastructure such as public restrooms and a built tasting room can help streamline venue use, while the updated, separately configured accommodations offer practical options for hosting and occupancy management.
Key Highlights
- Estate features a 2020 tasting room plus existing event setup with public restrooms for weddings and gatherings
- Main house remodel includes a 2018 primary suite and a 2024 renovated kitchen with heated floors and a 6‑burner Blue Star range
- Comfort upgrades include a 2‑year‑old roof, HVAC mini splits, and a gas fireplace
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
$56,979
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
3.26%
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%
$1,139,580
$1.1M
Cap Rate 7%
$813,986
$814.0K
Cap Rate 9%
$633,100
$633.1K
Market Conditions
NOI Build-Up for 5,017 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
$108.4K $21.60/SF
− Vacancy
−$4.8K −$0.95/SF
EGI
$103.6K $20.65/SF
− OpEx
−$46.6K −$9.29/SF
NOI
$57.0K $11.36/SF
Area
Butte County, CA
Vacancy
4.40%
Lease Rate
$21.60 /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%
$1,139,580
Cap Rate 7%
$813,986
Cap Rate 9%
$633,100
Alternative Uses
Best Use
Apartment 5plus
$814.0K
$712.2K – $949.7K
NOI $56,979 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,230 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 95938, CA
3,740
Population
1,515
Households
2.5
Avg Household Size
46
Median Age
40%
College-Educated
95%
High-School Grad
68.1 sq mi
ZIP Area
55
Density / Sq Mi
$103,229
Median Household Income
$47,629
Median Earnings
$1,228
Median Rent
$532,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Wedding venue - Turnkey estate with remodeled residences, a 2020 tasting room, and event-ready restrooms for weddings and gatherings.
Where is this wedding venue located?
The property is located at 9345 Stanford Lane Durham, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Estate features a 2020 tasting room plus existing event setup with public restrooms for weddings and gatherings; Main house remodel includes a 2018 primary suite and a 2024 renovated kitchen with heated floors and a 6‑burner Blue Star range; Comfort upgrades include a 2‑year‑old roof, HVAC mini splits, and a gas fireplace
