1140 Morse BlvdSan Carlos, CA 94070

Property Details for 1140 Morse Blvd

Year built

1960

Construction

WOOD

Lot size

0.11 AC

Property size (Sq ft)

3,171 SF

Zone code

CL00C1

Property type

Hospitality properties

Property subtype

Hotels

APN

051-358-230

APU

51358230

Description

This exceptional 10-key hotel, the San Carlos Inn, presents a compelling investment opportunity. Located at 1140 Morse Blvd, San Carlos, CA 94070, this two-story, 3,360 square foot property sits on a 5,000 square foot lot and boasts a 7.90% pro-forma cap rate, generating a pro-forma NOI of $213,212. Built in 1960, the property is zoned MU-D-120 and includes seven on-site parking spaces. The asking price is $2,700,000 ($803.57 per square foot). Its prime downtown location, between El Camino and Laurel St, offers unparalleled convenience with nearby restaurants, shops, and public transit, providing easy access to the entire Bay Area. The surrounding area is experiencing significant growth and development, promising long-term success and increased property value. The San Carlos Inn offers high potential for revenue growth through the addition of amenities and services. This is a rare chance to acquire a well-situated hotel in a thriving California community. The property's APN is 051-358-230.

• CAP approach

  CAP return

  Valuation

  6%

  $1,967,872

  6.5%

  $1,816,497

  7%

  $1,686,747

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,795,748

  Geo Method

  $2,078,396

• Alternative Use

  Use

  Valuation

  Residential

  $1,983,087

  Hospitality

  $1,816,497

  Educational

  $1,511,304

  Medical

  $1,563,280

  Retail

  $2,350,918

Location Insight

City

San Carlos

County

San Mateo

State

California

Latitude

37.5018

Longitude

-122.255

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.