Santa Maria Motel For
For Sale
$2,295,000
1330 N Broadway, Santa Maria, CA 93454
16-room motel with convenience store and laundry facilities.
Property Size5,352 SF
Lot Size0.46 Acres
Days on Market267
Property Features for 1330 N Broadway
General Information
Standard status
Active
Size
5,352 SF
Lot size
0.46 Acres
Property subtype
Commercial
Building Details
Building Size
5,352 SF
Listing Agency:
McCarty Davis Commercial Real Estate
(805) 543-1801
Listed By:
Steve Davis · License #01843738
(805) 543-1801
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 18
Last Checked: Aug 22 at 9:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McCarty Davis Commercial Real Estate
Investment Insights
Based on property information with market context.
The property, currently known as the Plaza Motel, is located at 1330 N. Broadway in Santa Maria. It is currently being utilized as medium term rentals and includes an onsite convenience store. The motel features 16 rooms, along with onsite laundry facilities. The property offers opportunities for future use.
Key Highlights
- 16 Rooms available for medium term rentals.
- Onsite convenience store for tenant ease.
- Laundry facilities on site.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$84,655
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,693,100
$1.7M
Cap Rate 7%
$1,209,357
$1.2M
Cap Rate 9%
$940,611
$940.6K
Market Conditions
NOI Build-Up for 5,352 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$122.0K $22.80/SF
− Vacancy
−$9.2K −$1.71/SF
EGI
$112.9K $21.09/SF
− OpEx
−$28.2K −$5.27/SF
NOI
$84.7K $15.82/SF
Area
Santa Maria, CA
Vacancy
7.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,693,100
Cap Rate 7%
$1,209,357
Cap Rate 9%
$940,611
Alternative Uses
Best Use
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,655 @ 7.0% cap · market cap 3.69%
Second Best
Retail
$1.06M
$925.6K – $1.23M
NOI $74,044 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,598 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,148
Businesses Nearby
211k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 44%
Dining 18%
Shops & Services 17%
Apparel 14%
Vallarta Supermarket
Groceries
50,193 visits/mo
0.2 miles
Foods Co
Groceries
43,132 visits/mo
0.2 miles
JCPenney
Apparel
23,819 visits/mo
0.1 miles
Jack in the Box
Dining
16,932 visits/mo
0.4 miles
Wells Fargo
Shops & Services
15,588 visits/mo
0.1 miles
Demographics for 93454, CA
40,994
Population
12,413
Households
3.3
Avg Household Size
33
Median Age
18%
College-Educated
74%
High-School Grad
418.3 sq mi
ZIP Area
98
Density / Sq Mi
$84,178
Median Household Income
$34,883
Median Earnings
$1,750
Median Rent
$477,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Motel - 16-room motel with convenience store and laundry facilities.
Where is this motel located?
The property is located at 1330 N Broadway Santa Maria, CA.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: 16 Rooms available for medium term rentals.; Onsite convenience store for tenant ease.; Laundry facilities on site.
