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Investment Highlights

  • Award winning renovation
  • value add through operations and staffing. No deferred maintenance
  • heavily publicized historic luxury hotel

Executive Summary

Award winning 15 room (private baths in every room) historic boutique hotel in Dayton, Walla Walla Valley, WA. Gateway to Palouse Falls, Wine Country and Bluewood Ski. Renovated in 2024. Contactless luxury hotel concept. Considerable upside with improved on-site management, staffed operations and activation of the bar, coffee shop, retail space and rooftop. Being offered at discount to replacement cost, developer cost and appraisal value. Hotel has been featured in several magazines and media sources. Ideal for owner operator to live on-site. Ditch the housing payment and trade chaotic city life for brick walls, roaming wildlife, wine from the source, and neon sunsets from the rooftop.

Financial Summary (Pro Forma - 2026)

Annual Annual Per SF
Gross Rental Income $300,000 $29.96
Other Income $70,000 $6.99
Vacancy Loss - -
Effective Gross Income $370,000 $36.95
Taxes $5,000 $0.50
Operating Expenses $130,000 $12.98
Total Expenses $135,000 $13.48
Net Operating Income $235,000 $23.47

Financial Summary (Pro Forma - 2026)

Gross Rental Income
Annual $300,000
Annual Per SF $29.96
Other Income
Annual $70,000
Annual Per SF $6.99
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $370,000
Annual Per SF $36.95
Taxes
Annual $5,000
Annual Per SF $0.50
Operating Expenses
Annual $130,000
Annual Per SF $12.98
Total Expenses
Annual $135,000
Annual Per SF $13.48
Net Operating Income
Annual $235,000
Annual Per SF $23.47

Property Facts

Price $1,999,999
Price Per Room $133,333
Sale Type Investment
Cap Rate 11.75%
Property Type Hospitality
Property Subtype
Hotel
Building Class B
Lot Size 0.24 AC
Building Size 10,014 SF
No. Rooms 15
No. Stories 2
Year Built/Renovated 1890/2024
Parking Ratio 0.87/1,000 SF
Corridor Interior
Opportunity Zone Yes
Zoning CC-Central Comm-Historic

Amenities

  • Balcony
  • On-Site Retail
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Boutique/Lifestyle Hotel
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 15 $208.00 -
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 263971
  • 263972
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$746,490 (2024)
Annual Taxes
$5,000 ($0.50/SF)
Tax Year
2026
  • Listing ID: 40148985

  • Date on Market: 4/14/2026

  • Last Updated:

  • Address: 235 E Main St, Dayton, WA 99328

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