Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Hotels
1038 Lighthouse Ave Pacific Grove, CA 93950-2424
Trust Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-0949881
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1955
Construction
WOOD
Total area
8,928 SF
Lot
0.36 ac (15,800 SF)
APN
006-123-001-000
UPID
US09-0949881
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
$500k
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$607k
Blend (final)
Blend
$660k
Owner & transaction history
Vasant Family Trust · 13 yrs held
Vasant Family Trust
since 2013
7 recorded transactions
Zoning & alternative use
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 Pacific Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pacific Grove 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
$500,000
CAP Approach
CAP Return
Estimation
6%
$955,000
6.5%
$880,000
7%
$820,000
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$74 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$36,049
Tax year 2023
Assessed value
$3,180,410
Assessed 2023
Previous assessed
$3,180,410
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,738,003
Assessed improvement
$1,442,407
Applied tax rate
4.0000
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/MOTEL
Status
Off-Market
Year built
1955
Construction
WOOD
Heating
NONE
Stories
2
Units
25
Rooms
55
Bathrooms
25
Total area
8,928 SF
Lot
0.36 ac (15,800 SF)
APN
006-123-001-000
UPID
US09-0949881
Jurisdiction
MONTEREY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1955
Construction
WOOD
Heating
NONE
Stories
2
Units
25
Rooms
55
Bathrooms
25
Lot
0.36 ac
Current owner
From public records · entity-resolved
Vasant Family Trust
Trust
Mailing address
1038 LIGHTHOUSE AVE, PACIFIC GROVE, CA 93950-2424
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2023
—
Rakesh Vasant
—
Deed
related
$1,950,000 · Southwestern National Bank
Dec 16, 2020
—
Rakesh Vasant
—
Deed
related
$3,900,000 · Ennerdale Corporation 401k Profit Sharin
Mar 21, 2017
—
Vasant Family Trust
—
Deed
related
$4,000,000 · Kong Dragon Capital Investment
Dec 15, 2016
—
Vasant Family Trust
—
Deed
related
$1,664,000 · Bank Of The West
Mar 22, 2013
—
Vasant Family Trust
Vasant,rakesh & Falguni
Quit Claim Deed
related
—
May 2, 2008
—
Rakesh Vasant
Patel,rakesh & Falguni
Grant Deed
related
—
Jul 6, 2000
$2,300,000
Rakesh Patel
Yuh,benjamin B & Barbara B
Grant Deed
$1,150,000 · Community Bank Central Ca
Apr 4, 1997
$612,500
Benjamin B Sik
Hwang,jason S
Quit Claim Deed
related
$200,000 · Barristers Exchange Corp
Apr 4, 1997
—
Jason S Hwang
Hwang,ryoo S
Quit Claim Deed
related
—
Oct 18, 1995
—
Wilkies Investments Ltd
Old California Title Co
Quit Claim Deed
related
—
Aug 11, 1994
$1,700,000
Hwang,ryoo S & Jason S
Wilkies Investme
Trustees Deed
$1,250,000 · Seller
Aug 11, 1994
$700,000
Wilkies Investment Ltd
Sherden Trust
Trustees Deed
—
—
—
Rakesh Vasant
—
Deed Of Trust
related
$1,600,000 · Valley Community Bank
—
—
Vasant Family Trust
—
Deed Of Trust
related
$4,000,000 · Kong Dragon Capital Investment
—
—
Vasant Family Trust
—
Deed Of Trust
related
$1,664,000 · Bank Of The West
—
—
Vasantbhai D Patel
—
Deed Of Trust
related
$850,000 · Mdm Properties LLC
—
—
Vasantbhai D Patel
—
Deed Of Trust
related
$808,121 · Mdm Properties LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1038 Lighthouse Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
