Property profile

2021 Smith Flt Rd Placerville, CA 95667

OFF-MARKET
Office buildings
Property ID
US09-1695992
7,552 SF 1.81 ac lot Built 1865
Trust Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 11,000 square foot property, located at 2021 Smith Flat Road in Placerville, CA (95667), presents a unique investment opportunity. The historic main building, constructed in 1853 and extensively remodeled in 2007, boasts a captivating blend of original charm and modern amenities. Features include two commercial kitchens with hoods, a coffee shop (currently unused), multiple bars (including a cellar bar), a theater/dance hall, offices, a steam room, and a sauna. The property also includes a charming outdoor patio with a gazebo (featuring removable glass panels), a fountain, landscaping, and an outdoor bar. The original stone walls and many windows and doors retain their historic character. A significant addition is the historic freight barn (circa 1863), offering approximately 3600 square feet of space with original cobblestone floors. Ample parking is available with 70 spaces (30 paved). Further enhancing the property's potential is a 5000 square foot building pad with utilities already stubbed. A 950 square foot, two-bedroom, one-bathroom residence is also included. Currently operating as a restaurant and event center, this property is ideally suited for weddings and other large-scale events. Its proximity to wineries, Apple Hill, and historic Placerville adds to its appeal. The property's extensive upgrades include new plumbing and electrical systems, a security system, fire sprinklers, and upgraded communication and control wiring, along with enhanced drainage systems. This remarkable property offers endless possibilities for a discerning investor.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1865
Construction WOOD
Total area 7,552 SF
Lot 1.81 ac (78,843 SF)
Zoning code U
APN 048-240-014-000
UPID US09-1695992

Cap rate & NOI

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

Location

2021 Smith Flt Rd Placerville, CA 95667-5038
Placerville metro Census 31100 SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.15M
Blend (final) Blend
$1.04M

Owner & transaction history

since 2018
7 recorded transactions
2018
Price N/A
2010
Price N/A
2007
Price N/A
2006
Price N/A
2003
Price N/A
2002
Price N/A
2000
Price N/A

Zoning & alternative use

U · Placerville, CA
Top alternative use upside
Medical building $1.5M +6.7%
Commercial (general) $1.4M +1.4%

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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