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    Mammoth Lakes Inn Expansion Opportunity Title is generated by Realmo AI

    663 Old Mammoth Rd, Mammoth Lakes, CA 93546

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    Hospitality property with expansion villas near Mammoth Mountain.

    Type:Hospitality
    Added:
    Apr 29, 2024
    Days on Market:
    767
    Last Refresh:
    May 13 at 8:18 pm

    Property Features for 663 Old Mammoth Rd

    General Information

    Standard status
    Active
    Property subtype
    Hospitality

    We can help!

    Listing Contact
    Eddy Nevarez

    Listing agent Eddy Nevarez License #CA 01960485

    Listing office Marcus & Millichap - Encino

    Listing date Apr 29, 2024

    Source Crexi

    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 Marcus & Millichap - Encino

    HighLights

    • Expansion with 12 new luxury villas (18 rooms) offering enhanced guest experience.
    • Well‑established hospitality property with a nearly 40‑year history in Mammoth Lakes.
    • Prime location near Mammoth Mountain and Yosemite National Park, accessible via U.S. Highway 395.
    • New villas feature designer amenities, kitchens, and balconies.
    • Pet‑friendly accommodations in the new villas.
    • Complimentary shuttle service to and from Mammoth‑Yosemite Airport.

    Overview

    The Mammoth Creek Inn, with a total of 44 rooms, is undergoing an expansion with the addition of 12 villas, which can also be sold separately as condominiums. The inn includes the original 26 keys and the newly developed villas that have 18 rooms. The new rooms feature designer amenities, kitchens, balconies, and accommodations for canine guests. Situated in Mammoth Lakes, the inn serves as a destination for travelers seeking the beauty and adventure of the Eastern Sierra region. With a history spanning nearly four decades, the inn has become a hallmark of hospitality in the area. Located near Mammoth Mountain and accessible via U.S. Highway 395, the inn offers a retreat for guests throughout the year. Visitors are drawn to the area for skiing and snowboarding on Mammoth Mountain, exploring Yosemite National Park, or indulging in outdoor activities such as fishing, hiking, and mountain biking. The Mammoth Creek Inn provides complimentary shuttle service to and from the Mammoth-Yosemite Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Mobile Phone Store Tattoo & Piercing Shop Catering Service Locksmith Clothing & Fashion Store Restaurant (Bike/Boat/Book/etc) Store Garden Center Tech Support Center Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mammoth Lakes
    County
    Mono
    State
    California
    Longitude
    -118.966265
    Latitude
    37.6364101

    FAQs

    What type of property is this?
    Hotel - Hospitality property with expansion villas near Mammoth Mountain.
    Where is this hotel located?
    The property is located at 663 Old Mammoth Rd Mammoth Lakes, CA.
    What is the asking price?
    The asking price for this property is $16,995,000.
    What are key features of this property?
    This property features: Expansion with **12 new luxury villas (18 rooms)** offering enhanced guest experience.; Well‑established hospitality property with a nearly 40‑year history in Mammoth Lakes.; Prime location near Mammoth Mountain and Yosemite National Park, accessible via U.S. Highway 395.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Eddy Nevarez
    Real Estate License ID: CA 01960485
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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.

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