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    24542 Ca 108 Mi-Wuk Village, CA 95346
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    24542 Ca 108 Mi-Wuk Village, CA 95346

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    • Specialty properties
    • 1,300 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 24542 Ca 108

    Property size
    1,300 SF
    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional opportunity presents the chance to acquire a thriving, established restaurant in the picturesque Mi-Wuk Village, California. Located on the heavily trafficked Highway 108 corridor in the Sierra Nevada mountains, this well-regarded burger establishment boasts a loyal customer base cultivated over 30 years of operation. The 1,300 square foot property offers a turnkey operation, ideal for both seasoned restaurateurs and first-time owners. Minimal staffing requirements contribute to efficient management. The current owner/manager is available to provide comprehensive training on recipes and operational procedures, ensuring a seamless transition. The restaurant's prime location attracts a steady stream of local residents and tourists, particularly during the peak summer season. This charming village, surrounded by stunning natural beauty and outdoor recreational opportunities, draws thousands of visitors annually, creating a highly desirable business environment. The asking price for this profitable venture is $160,000. This represents a rare chance to own a successful restaurant in one of California's most scenic areas. The property is zoned for commercial use and includes the land. This is a special purpose property, currently operating as a restaurant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mi-Wuk Village
    County
    TUOLUMNE
    State
    California
    Longitude
    -120.153
    Latitude
    38.0613

    Comparable in this City

    • Value Estimation by Request
      5,184 SF

      24635 State Hwy 108

      COMMERCIAL (GENERAL) • 5,184 SF
      24635 State Hwy 108, Mi Wuk Village, CA 95346-9731
      View Details
    • Value Estimation by Request
      0.44 Acres

      24919 State Hwy 108

      VACANT COMMERCIAL LAND • 0.44 Acres
      24919 State Hwy 108, Mi Wuk Village, CA 95346-9714
      View Details
    • Value Estimation by Request
      160 SF

      24268 State Hwy 108

      COMMERCIAL (GENERAL) • 160 SF
      24268 State Hwy 108, Mi Wuk Village, CA 95346-9732
      View Details
    • Value Estimation by Request
      120 SF

      24522 State Hwy 108

      COMMERCIAL (GENERAL) • 120 SF
      24522 State Hwy 108, Mi Wuk Village, CA 95346
      View Details
    • Value Estimation
      $1,845,000
      6,800 SF

      24269 State Hwy 108

      COMMERCIAL (GENERAL) • 6,800 SF
      24269 State Hwy 108, Mi Wuk Village, CA 95346
      View Details
    • Value Estimation by Request
      813 SF

      20536 Chief Fuller Way

      COMMERCIAL (GENERAL) • 813 SF
      20536 Chief Fuller Way, Mi Wuk Village, CA 95346
      View Details
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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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