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    12913 Ave Myers Flat, CA 95554

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    12913 Ave Myers Flat, CA 95554

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    • Hospitality properties
    • 7,378 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
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    Current Use by Public Records

    • Hospitality properties

    Property Details for 12913 Ave

    Year built
    1867
    Property size
    7,378 SF
    Property type
    Hospitality properties
    Property subtype
    Hotels

    Description

    This exceptional investment opportunity presents the chance to acquire the historic Myers Inn, a 10-key hotel nestled in the heart of Humboldt Redwoods State Park, California. Situated on the renowned Avenue of the Giants, this property boasts 7,378 square feet across two buildings and two stories, built in 1867. The asking price is $1,100,000, translating to $149.09 per square foot. The property includes an owner/manager's unit and sits on a 0.29-acre lot (APN: 081-111-020-000). The permitted zoning is CH-D-F-Q. An adjacent, approximately 4,000 square foot structure offers significant potential for expansion, allowing for the addition of guest rooms, meeting spaces, or food and beverage facilities. This presents multiple revenue-generating opportunities in a high barrier-to-entry Northern California market, offering a compelling value-add investment with significant upside potential. The property's location within the state park provides a unique and desirable setting for guests. This is a rare chance to own a piece of California history and capitalize on the strong tourism market in this area. The property is classified as a hospitality investment with a hotel subtype.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Myers Flat
    County
    Humboldt
    State
    California
    Longitude
    -123.873
    Latitude
    40.2668

    Comparable in this City

    • Value Estimation by Request
      2,248 SF

      12946 Ave

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    • Value Estimation
      $585,000
      8.00 Acres

      455 Boy Scout Cp Rd

      HOTEL-RESORT • 8.00 Acres
      455 Boy Scout Cp Rd, Myers Flat, CA 95554
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    • Value Estimation by Request
      1,272 SF

      12840 State Hwy 254

      MOTEL • 1,272 SF
      12840 State Hwy 254, Myers Flat, CA 95554
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    • Value Estimation by Request
      4,378 SF

      12901 Ave Of The Giants St

      MOTEL • 4,378 SF
      12901 Ave Of The Giants St, Myers Flat, CA 95554
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    • Value Estimation by Request
      1,326 SF

      12972 Ave

      Multifamily properties • 1,326 SF
      12972 Ave, Myers Flat, CA 95554
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    • Value Estimation by Request
      6,039 SF

      13026 Ave

      Flex space • 6,039 SF
      13026 Ave, Myers Flat, CA 95554
      View Details

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    Myers Flat, CA 95554
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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
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