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    476 Main St Murphys, CA 95247
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    476 Main St, Murphys, CA 95247

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    • Investment properties
    • 0.32 lot acres
    For Sale
    $1,189,000
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    Mixed-Use Property in Murphys, CA For Sale
    $1,189,000

    Mixed-Use Property in Murphys, CA

    Four-unit mixed-use property in Murphys' downtown touristic district.

    476 Main, Murphys, CA 95247
    View Listing
    Property ID
    US09-3046098
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 476 Main St

    Year built
    1900
    Lot size
    0.32 lot acres
    Zone code
    C1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    068-016-027-000
    APU
    68016027000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 19, 2021 $1,126,000 Traver Thompson LLC Akiko Yamaguchi Grant Deed —
    Oct 7, 2016 $870,000 Yamaguchi,akiko Living Trust Wood Colynn Trust Grant Deed —
    Nov 8, 1990 — Hard,colynn Wood Trust — Grant Deed · related —
    Dec 13, 1985 — — — Grant Deed · related —

    Description

    This exceptional mixed-use property in the heart of Murphys, CA presents a lucrative investment opportunity. Situated on a 0.32-acre lot in the bustling tourist district of downtown Murphys, this offering comprises two separate buildings totaling four units. The main building, located directly on Main Street, features two street-level retail spaces. One unit is currently occupied by a thriving wine/beer tasting room under a long-term lease, providing immediate income. The adjacent unit will be delivered vacant at the close of escrow, allowing for immediate customization and leasing to a tenant of your choice. Above the retail spaces is a spacious two-bedroom, one-bathroom apartment with a den, currently occupied by a month-to-month tenant. This building's corner location ensures exceptional visibility and places it amongst other historic properties in this highly sought-after wine region of the Sierra Nevada Foothills. A separate, freestanding building, currently used as a yoga studio, adds further versatility to this property. Ample parking is available in a large, gravel-paved lot accommodating five vehicles. The adjacent side yard is currently utilized by the wine tasting room for outdoor seating, enhancing its appeal. This property offers a unique blend of income-generating retail spaces, residential rental potential, and a flexible additional building, all within a charming Gold Rush-era town nestled between Lake Tahoe and Yosemite National Forest. The property is priced at $1,189,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,045,000
      ML approach
      $1,210,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Murphys
    County
    Calaveras
    State
    California
    Longitude
    -120.466
    Latitude
    38.1381

    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
    $13,892
    $159,181
    $1,035,738
    $1,194,919
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      View Details
    • Value Estimation by Request
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      STORE/OFFICE (MIXED USE)
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      0.44 Acres

      150 Big Trees Rd

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      View Details
    • Value Estimation
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      110 Lone Dove Ln

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      View Details
    • Value Estimation by Request
      5,000 SF

      389 Main St

      STORE/OFFICE (MIXED USE)
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      View Details

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    • Contact for pricing

      Mixed-Use Property in Murphys, CA

      Four-unit mixed-use property in Murphys' downtown touristic district.
      476 Main St, Murphys, CA 95247
      View Details
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      Main Street Murphys Commercial Gem

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      Murphys Estate with Vineyard Potential

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    Murphys, CA 95247
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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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