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Financial
Distress signals
Property profile

990 Morro Ave Morro Bay, CA 93442

OFF-MARKET
Motels
Property ID
US09-0985946
26,037 SF 0.5 ac lot Built 1986
Last sale Apr 2025 · $7,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$67k
Tax billed · 2024
Assessed value$6.04M
Assessed land$2.43M
Assessed improvement$3.60M
Effective rate1.11%

Value estimate

· Oct 2026
$8.01M
$7.21M – $8.81M
AI approach$7.86M
Submarket $/SF estimate$7.57M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$549/SF
County average, outlier-cleaned · 64 recorded sales of this use type
Observed band · Q1–Q3$274 – $829

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
VCS
JurisdictionSAN LUIS OBISPO

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office10.5
HVAC Service9.7
Dry Cleaner8.8

Location

990 Morro Ave Morro Bay, CA 93442-2138
County assessor Recorded deeds · 21 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
250 Pacific, Morro Bay, CA 93442-2261 $6,500,000 Jan 2025 10,296 SF
1206 Main, Morro Bay, CA 93442-2008 $5,400,000 Dec 2024 16,247 SF
456 Embarcadero, Morro Bay, CA 93442-2573 $6,218,500 Apr 2024 21,263 SF
220 Bch, Morro Bay, CA 93442-2002 $4,900,000 Apr 2022 9,418 SF
280 Atascadero, Morro Bay, CA 93442 $5,500,000 Mar 2022 9,304 SF
260 Morro Bay, Morro Bay, CA 93442-2151 $6,200,000 May 2019 19,329 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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