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    3731 Main St Occidental, CA 95465

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    For Sale
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    Iconic Restaurant & Mixed-Use Property

    Property size:
    13,342 SF

    Property Features for 3731 Main St

    General Information

    Property type
    Retail properties & Spaces
    Square Feet
    13,342 SF

    We can help!

    Listing Contact
    Dale Dockins
    Dale Dockins

    Listing Agency: NORTH BAY COMMERCIAL R E Listing Agent: Dale Dockins

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

    Learn more

    Overview

    The Union Hotel, a majestic landmark in Occidental, California, is available for acquisition for the first time in nearly a century. This 13,342 square foot property, priced at $2,650,000 ($198.62/sq ft), offers a unique blend of hospitality, retail, and restaurant uses. The sale includes the real estate, a fully operational restaurant, saloon, and coffee shop, along with a significant portion of the restaurant's contents. The property retains much of its original charm, showcasing timeless elegance and authentic character. Established in 1876, Occidental boasts a rich history as the final stop on the North Pacific Coast Railroad, adding significant historical value. Today, Occidental thrives as a popular vacation destination, known for its relaxed atmosphere, boutique shopping, and vibrant arts scene. This presents a rare opportunity to own a piece of California history, combining a thriving business with a significant investment in a desirable location. Type 21 and Type 47 liquor licenses are also included in the sale. This owner/user investment opportunity is perfect for those seeking a unique and historically significant property with strong potential for continued success in a charming and thriving community. The property is located at 3731 Main Street, Occidental, CA 95465.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Occidental
    County
    Sonoma
    State
    California
    Longitude
    -122.9475462528
    Latitude
    38.407823870515

    Nearby Similar for Sale

    • $1,400,000
      3,246 SF

      Downtown Occidental Restaurant/Retail Opportunity

      Restaurant or retail property in downtown Occidental with rental income.
      3688 Bohemian Hwy, Occidental, CA 95465
      View Details
    • $1,100,000
      2,810 SF

      Downtown Occidental Restaurant and Retail

      Turn-key restaurant and retail space in downtown Occidental.
      3688 Bohemian Hwy, Occidental, CA 95465
      View Details
    • $1,275,000
      3,246 SF

      Occidental Restaurant & Bar Sale

      Historic building, prime location, high rental income potential.
      3688 Bohemian Hwy, Occidental, CA 95465
      View Details

    FAQs

    What type of property is this?
    Retail property - Iconic Restaurant & Mixed-Use Property
    Where is this retail property located?
    The property is located at 3731 Main St Occidental, CA.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: The Union Hotel, a 13,342 sq ft landmark property in Occidental, CA, is available for $2,650,000 ($198.62/sq ft).; The sale includes the building, a fully operational restaurant, saloon, coffee shop, and a significant portion of the restaurant's contents. Type 21 and Type 47 liquor licenses are included.; Located at 3731 Main Street, Occidental, CA 95465, the property offers a unique blend of hospitality, retail, and restaurant uses.
    (707) 521-3500 Call to check price and availability
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    3731 Main St Occidental, CA 95465
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    Occidental, CA 95465
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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
    3731 Main St Occidental, CA 95465
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dale Dockins
    Dale Dockins
    Real Estate License ID: BR555128000
    (707) 521-3500 5213500
    Learn more
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