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Property profile & analytics
FOR SALE
Turn key restaurants
244 S Main St Willits, CA 95490
Entity Owned
29-yr Hold
~
Est. High Equity
Property ID
US09-2490476
For Sale
1 / 6
$850,000
244 S Main St, Willits, CA 95490
View Listing →
Property summary
AI-generated overview
This exceptional business opportunity presents the chance to acquire a well-established bar located in the heart of downtown Willits, California. Operating successfully for over four decades at the same address, 244 S Main Street, this bar boasts a strong reputation and loyal local clientele. The sale includes the business only
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Lot
0.08 ac (3,544 SF)
APN
005-226-20-00
UPID
US09-2490476
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
Current use
Occupant on record · Public records
-
Diggers A Bar & NO Grill Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Riverwood Chaple INC · 29 yrs held
Riverwood Chaple INC
since 1996
2 recorded transactions
Zoning & alternative use
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 Willits submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Willits 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,332
Tax year 2023
Assessed value
$187,825
Assessed 2023
Previous assessed
$187,825
+0.0% YoY
Effective rate
2.31%
On assessed value
Assessed land
$39,122
Assessed improvement
$148,703
Applied tax rate
4.0000
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
Heating
NONE
Lot
0.08 ac (3,544 SF)
APN
005-226-20-00
UPID
US09-2490476
Jurisdiction
MENDOCINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.08 ac
Current owner
From public records · entity-resolved
Riverwood Chaple INC
Entity
Mailing address
95 W COMMERCIAL ST, WILLITS, CA 95490-3021
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 1996
$120,000
Riverwood Chaple INC
Mcnaughton,cory
Grant Deed
$84,000 · Bank Of Willits
—
—
Riverwood Chapel INC
—
Deed Of Trust
related
$220,592 · Bank Of Willits
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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