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Property profile & analytics
OFF-MARKET
Estimated value
$8,495,000
Hotels
1 Chaminade Ln, Santa Cruz, CA 95065-1524
Individually Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3276541
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1985
Construction
WOOD
Total area
135,803 SF
Lot
56.45 ac (2,459,093 SF)
Zoning code
PR
APN
102-061-12
UPID
US10-3276541
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Chaminade Resort & Spa Hotel & Motel Resort
-
The View at Chaminade Bar & Pub Restaurant
-
Santa Cruz Tennis Academy Tutoring Service Sports School
-
Tennis and Pickle Ball Courts Sports Field & Court Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.50M
Owner & transaction history
Lho Santa Cruz Hotel One · 21 yrs held
Lho Santa Cruz Hotel One
since 2004
4 recorded transactions
Zoning & alternative use
PR · Santa Cruz, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Santa Cruz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Cruz submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$10,000,000
Current use
Blend value · Realmo final
$8.50M
Range $7.65M – $9.34M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$63 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$884,054
Tax year 2024
Assessed value
$61,292,734
Assessed 2024
Previous assessed
$61,292,734
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$20,337,444
Assessed improvement
$40,955,290
Applied tax rate
96.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
152
Total area
135,803 SF
Lot
56.45 ac (2,459,093 SF)
Zoning code
PR
APN
102-061-12
UPID
US10-3276541
Jurisdiction
SANTA CRUZ
Zoning & alternative use
PR · Santa Cruz, CA
Zoning PR · permitted uses
PR · Santa Cruz, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Cruz. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$10.0M
HOTEL/MOTEL Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
152
Lot
56.45 ac
Current owner
From public records · entity-resolved
Lho Santa Cruz Hotel One
Individual
Free & Clear · 21 yrs held
Mailing address
4747 BETHESDA AVE STE #1100, BETHESDA, MD 20814-5583
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2004
—
Lho Santa Cruz Hotel One
Dic
Grant Deed
related
—
Mar 13, 2000
—
Dic LP
—
Deed Of Trust
related
$8,500,000 · Ge Capital Business Asset Fund
Jul 22, 1994
—
Dic Limited Partnership
—
Deed Of Trust
related
$8,700,000 · Sumitomo Bank
Mar 31, 1994
—
Dic LP
Chaminade Ltd
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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