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Property profile & analytics
FOR SALE
Turn key restaurants
233 Broad St Nevada City, CA 95959
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3075191
For Sale
1 / 91
$3,350,000
233 Broad St, Nevada City, CA 95959
View Listing →
Property summary
AI-generated overview
This iconic, three-story, 11,200 sq ft building in Nevada City, CA, presents a unique investment opportunity. Completely renovated in 2023, it boasts a thriving ground-floor restaurant/espresso bar with a 7-year lease, and a nine-room boutique hotel on the second floor. The hotel features high-end finishes, exposed brick, and high ceilings, offering a luxurious lodging experience. The third floor, encompassing approximately 2,500 sq ft, is ready for build-out, offering flexibility for future expansion. The property benefits from a 100% occupancy rate, a pro-forma NOI of $371,654, and a pro-forma cap rate of 10.77%. Built in 1856 and meticulously renovated, this Class A property maintains its historic charm while offering modern amenities, including new plumbing, HVAC, electrical, and fire suppression systems. The building is located at 233 Broad St, Nevada City, CA 95959, and is zoned GB-HD NevCty. The asking price is $3,450,000 ($308.04/sq ft). The current restaurant tenant has a 7-year lease with two lease options. This exceptional property offers strong cash flow and significant upside potential.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Construction
TILT-UP CONCRETE
Total area
8,436 SF
Lot
0.12 ac (5,227 SF)
Zoning code
C
APN
005-399-009-000
UPID
US09-3075191
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.15M
Owner & transaction history
The 1856 LLC · 4 yrs held
The 1856 LLC
since 2022
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
C · Nevada City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Nevada City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nevada City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$855,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±10% · vs last sale $1.50M (Mar 7 2022)
Last sale anchor
$1.50M
Mar 7 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$136 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$17,121
Tax year 2024
Assessed value
$1,560,600
Assessed 2024
Previous assessed
$1,560,600
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$416,160
Assessed improvement
$1,144,440
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Total area
8,436 SF
Lot
0.12 ac (5,227 SF)
Zoning code
C
APN
005-399-009-000
UPID
US09-3075191
Jurisdiction
NEVADA
Zoning & alternative use
C · Nevada City, CA
Zoning C · permitted uses
C · Nevada City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nevada City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
The 1856 LLC
Entity
Mailing address
3245 SILVER LEAF CT, LOOMIS, CA 95650-8032
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2022
$1,500,000
The 1856 LLC
Nunn Yo Business LLC
Grant Deed
—
Nov 19, 2019
—
Nunn Yo Business LLC
—
Deed
related
$612,000 · Plumas Bank
Oct 21, 2016
$925,000
Nunn Yo Business LLC
Furano Family Partnership
Grant Deed
$462,500 · Community 1st Bank
Nov 19, 1993
—
Furano Family Ptshp
Furano Trust
Quit Claim Deed
related
—
Jul 16, 1990
—
Edwin J Furano
Unknown
Grant Deed
related
—
—
—
Furano Family Partnership
—
Deed Of Trust
related
$155,000 · Tri Counties Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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