Property profile

1240 Wood St Willows, CA 95988

OFF-MARKET
Commercial land
Property ID
US09-3665650
1,860 SF 0.47 ac lot Built 1967
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3.21-acre commercial land parcel presents a unique investment opportunity in Willows, California. Strategically located directly off Interstate 5, this property boasts unparalleled visibility and accessibility, just one hour north of Sacramento. Situated in the heart of Willows' thriving commercial district, the land is adjacent to established businesses including KFC, La Taqueria, Black Bear Diner, and Chevron, ensuring high traffic and visibility. The property is zoned "Highway Commercial" and offers multiple access points via easements on N Humboldt Ave, and access to CA-162 Freeway. The City of Willows fully supports the development of a hotel on this site, and preliminary plans for an 86-unit (3-story) or 60-unit (2-story) Comfort Inn have already been prepared. The potential for other hotel brands is also available. Further enhancing the property's appeal is the City's allowance for an 80-foot high sign, maximizing visibility from I-5. The surrounding area is experiencing significant growth, with a nearby 38-acre commercial center under development and an adjacent residential project underway. This prime location, coupled with existing infrastructure and city support, makes this a truly exceptional opportunity for hotel development. The APN is 001-041-024-000. The asking price is $1,200,000.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1967
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,860 SF
Lot 0.47 ac (20,473 SF)
APN 001-041-014-000
UPID US09-3665650

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bakery Take-out & Catering

Location

1240 Wood St Willows, CA 95988-2617
Willows metro Census 10402
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2022
Last sale
$485,000
7 recorded transactions
2022
$485,000
2019
$485,000
2018
Price N/A
2006
Price N/A
2006
$370,000
2006
Price N/A
1975
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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