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Property profile & analytics
OFF-MARKET
Estimated value
$11,565,000
Hotels
1 Miramontes Pt Rd Half Moon Bay, CA 94019-2376
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0046831
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2001
Construction
STEEL FRAME
Total area
258,006 SF
Lot
11.54 ac (502,667 SF)
APN
066-092-770
UPID
US09-0046831
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.09M
Blend (final)
Blend
$11.57M
Owner & transaction history
Shc Half Moon Bay LLC · 21 yrs held
Shc Half Moon Bay LLC
since 2004
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$18.9M
+167.0%
Industrial (general)
$15.7M
+121.5%
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 Half Moon Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Half Moon Bay 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
$7,075,000
Current use
COMMERCIAL (GENERAL)
$18,895,000
Change: +167% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$15,675,000
Change: +121% · Conversion: Difficult
Blend value · Realmo final
$11.57M
Range $10.41M – $12.72M · ±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
$45 / 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
$2,710,186
Tax year 2024
Assessed value
$212,501,999
Assessed 2024
Previous assessed
$212,501,999
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$50,064,494
Assessed improvement
$162,437,505
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
2001
Construction
STEEL FRAME
Heating
NONE
Stories
6
Units
261
Rooms
26
Total area
258,006 SF
Lot
11.54 ac (502,667 SF)
APN
066-092-770
UPID
US09-0046831
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$7.1M
COMMERCIAL (GENERAL)
Est. value
$18.9M
INDUSTRIAL (GENERAL)
Est. value
$15.7M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2001
Construction
STEEL FRAME
Heating
NONE
Stories
6
Units
261
Rooms
26
Lot
11.54 ac
Current owner
From public records · entity-resolved
Shc Half Moon Bay LLC
Entity
Mailing address
19200 VON KARMAN AVE STE #1000, IRVINE, CA 92612-8528
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2024
—
Shc Half Moon Bay LLC
—
Deed
related
$158,000,000 · Bank Of America NA
Dec 14, 2020
—
Shc Half Moon Bay LLC
—
Deed
related
$125,000,000 · China Merchants Bank Co Ltd
Jul 11, 2011
—
Shc Half Moon Bay LLC
—
Deed Of Trust
related
$300,000,000 · Deutsche Bank Trust Co America
Mar 13, 2007
—
Shc Half Moon Bay LLC
—
Deed Of Trust
related
$76,500,000 · Column Financial INC
Aug 24, 2004
$124,350,000
Shc Half Moon Bay LLC
Vestar-athens Of Cp II Half Moon
Grant Deed
—
—
—
Shc Half Moon Bay LLC
—
Deed Of Trust
related
$125,000,000 · Deutsche Bk Ag/ny Branch
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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