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    40489 Hwy 41 Oakhurst, CA 93644-9621
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    Property profile & analytics

    40489 Hwy 41, Oakhurst, CA 93644-9621

    View on Map
    • Hotels
    • 47,308 SF
    • 2.51 lot acres
    Off-Market
    Last Sale Oct 27, 2022
    $17,000,000
    Property ID
    US10-2979837
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $13,920,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 40489 Hwy 41

    Year built
    1990
    Lot size
    2.51 lot acres
    Zone code
    CRM
    Property type
    Hotels
    Property subtype
    Motels
    APN
    065-070-015-000
    APU
    65070015000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 9, 2025 — Amrut Trust — Deed · related $1.5M · 1501 Investments LLC
    May 5, 2025 — Hjp Holdings 1 LLC — Deed · related $9.5M · State Bank Of India (california)
    Mar 10, 2025 $17,000,000 Hjp Holdings 1 LLC Kampala 740 LLC Grant Deed $17M · Kampala 740 LLC
    Oct 27, 2022 $17,000,000 Kampala 740 LLC Hitesh Patel Grant Deed $4M · Amrut Trust
    Oct 7, 2022 — Hitesh J Patel — Deed · related $6.5M · Zero Capital LLC
    Sep 12, 2022 — Hitesh Patel — Deed · related $1.5M · 1501 Investments LLC
    May 19, 2022 — Hitesh Patel — Deed · related $616k · Nebraska Bank
    Jul 6, 2020 — Hitesh Patel — Deed · related $2M · State Bank Of India California
    Oct 17, 2019 — Amrut Trust — Deed · related $3.1M · State Bk/india
    Jan 12, 2018 — Hitesh Patel Hitesh Patel Intrafamily Transfer · related $4M · Statebankofindia(california)
    Oct 27, 2005 — Amrut Trust Patel,hitesh J & Daxa H Grant Deed · related —
    Oct 6, 2005 — Hitesh J Patel Patel,hitesh J Quit Claim Deed · related —
    Aug 15, 2005 — Hitesh Patel Patel,daxa H Quit Claim Deed · related —
    May 12, 2005 — Hitesh Patel Hitesh J Patel Intrafamily Transfer · related $1M · 1031 Real Estate Services INC
    May 6, 2005 $5,500,000 Hitesh J Patel Ci Oakhurst LLC Grant Deed —
    May 6, 2005 — Hitesh J Patel Daxa Patel Intrafamily Transfer · related —
    Apr 9, 2004 — Cloakhurst LLC — Deed Of Trust · related $3M · Wells Fargo Bank
    Nov 23, 1999 — Ci Oakhurst LLC Yosemite Motels Grant Deed · related —
    Dec 19, 1996 — Fischer Trust Fischer,gerald D & Karane L Quit Claim Deed · related $25M · Wells Fargo Bank
    Sep 1, 1994 — Gerald D Fischer Fischer,gerald D Quit Claim Deed · related —
    Aug 31, 1994 — Gerald D Fischer Fischer,stephen Quit Claim Deed · related —
    Mar 31, 1994 — Gerald D Fischer Fischer,gerald D Quit Claim Deed · related —
    — — Amrut Trust — Deed Of Trust · related $3.1M · State Bk/india
    — — Gerald D Fischer — Deed Of Trust · related $1.2M · Marty Sglav Real Estate
    — — Hitesh Patel — Deed Of Trust · related $1.7M · Greater Sacramento Certified

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $15,595,000
      ML approach
      $8,975,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $11,041,000
      Market price range: $6.11M - $11.0M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $8,815,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oakhurst
    County
    Madera
    State
    California
    Longitude
    -119.645
    Latitude
    37.3342
    CBSA code
    31460
    CBSA name
    MADERA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $97,496
    $1,639,895
    $5,947,478
    $7,587,373
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $11,140,000
      2.02 Acres

      40740 Hwy 41

      HOTEL/MOTEL
      40740 Hwy 41, Oakhurst, CA 93644-9464
      View Details
    • Value Estimation
      $1,075,000
      16,988 SF

      40662 Hwy 41

      HOTEL/MOTEL
      40662 Hwy 41, Oakhurst, CA 93644-9660
      View Details
    • Value Estimation by Request
      5,414 SF

      40343 Live Oak Dr

      HOTEL/MOTEL
      40343 Live Oak Dr, Oakhurst, CA 93644-9562
      View Details
    • Value Estimation by Request
      2.71 Acres

      Oakhurst, CA 93644

      HOTEL/MOTEL
      Oakhurst, CA 93644
      View Details
    • Value Estimation
      $5,675,000
      51,268 SF

      40644 Hwy 41

      HOTEL/MOTEL
      40644 Hwy 41, Oakhurst, CA 93644-9666
      View Details
    • Value Estimation by Request
      1.55 Acres

      41703 Rd 222

      HOTEL/MOTEL
      41703 Rd 222, Oakhurst, CA 93644-9747
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,712 SF

      Oakhurst Boutique Hotel For Sale

      Renovated boutique hotel in Oakhurst, near Yosemite and Bass Lake.
      49271 Golden Oak Loop, Oakhurst, CA 93644
      View Details
    • $399,000
      39.29 Acres

      Oakhurst Land with Mountain Views

      Near 40-acre Oakhurst property with mountain views and easy access.
      Village Dr, Oakhurst, CA 93644
      View Details
    • $80,000
      0.98 Acres

      Oakhurst Land with New Well

      0.98 acre parcel with new well for new build.
      1 Oak Lane-Apn 057-310-016 Ln, Oakhurst, CA 93644
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,080 SF

      Retail Space Near Yosemite Entrance

      Retail space in Oakhurst near Yosemite National Park entrance.
      40050 Ca-49, Oakhurst, CA 93644
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Yosemite Entrance

      Retail space in Oakhurst, near Yosemite National Park.
      40044 Ca 49, Oakhurst, CA 93644
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space Near Yosemite Park

      Retail space near Yosemite National Park entrance.
      40032 Ca-49, Oakhurst, CA 93644
      View Details
    • Contact for pricing

      Land for Lease Oakhurst

      Land available for lease in Oakhurst, California.
      Golden Chain Hwy, Oakhurst, CA 93644
      View Details
    • Contact for pricing
      6,572 SF

      Turnkey Restaurant Opportunity

      Existing restaurant space available for lease in Oakhurst, California.
      40650 Highway 41, Oakhurst, CA 93644
      View Details
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    Oakhurst, CA 93644-9621
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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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