Back to Search
Property profile & analytics
FOR SALE
Motels
1050 Morro Ave Morro Bay, CA 93442
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-0947522
For Sale
1 / 2
$4,495,000
1050 Morro Ave, Morro Bay, CA 93442
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1946
Construction
WOOD
Total area
5,661 SF
Lot
0.54 ac (23,522 SF)
Zoning code
CVS
APN
066-042-001
UPID
US09-0947522
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
-
Beach Bungalow Inn & Suites Bed & Breakfast Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$825k
Owner & transaction history
Eriksson Hotels INC · 11 yrs held
Eriksson Hotels INC
since 2015
6 recorded transactions
Zoning & alternative use
CVS · Morro Bay, 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 Morro Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morro 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
$555,000
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$730,000
Blend value · Realmo final
$825k
Range $743k – $908k · ±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
$146 / 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
$41,716
Tax year 2024
Assessed value
$3,774,667
Assessed 2024
Previous assessed
$3,774,667
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,120,910
Assessed improvement
$1,653,757
Applied tax rate
6.0000
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
Motels
Use group
MOTEL
Status
For Sale
Year built
1946
Construction
WOOD
Heating
NONE
Rooms
25
Bathrooms
11
Total area
5,661 SF
Lot
0.54 ac (23,522 SF)
Zoning code
CVS
APN
066-042-001
UPID
US09-0947522
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CVS · Morro Bay, CA
Zoning CVS · permitted uses
CVS · Morro Bay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morro Bay. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1946
Construction
WOOD
Heating
NONE
Rooms
25
Bathrooms
11
Lot
0.54 ac
Current owner
From public records · entity-resolved
Eriksson Hotels INC
Entity
Mailing address
1050 MORRO AVE, MORRO BAY, CA 93442-2018
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Feb 7, 2022
—
Eriksson Hotels INC
—
Deed
related
$1,508,000 · United States Small Business Admin
Feb 2, 2015
$2,900,000
Eriksson Hotels INC
Cihan Corporation
Grant Deed
$2,313,000 · Cihan Corporation
Oct 1, 2002
$1,225,000
Cihan Corp
Ko,tr
Grant Deed
$950,000 · Heritage Oaks Bank
Jan 26, 1999
$186,000
Laxamana Trust
Ko Trust
Grant Deed
$80,500 · Seller
May 30, 1996
$450,000
Rogers Trust
Koziel,betty P
Grant Deed
$315,000 · Seller
—
—
Ko Trust
—
Deed Of Trust
related
$590,000 · Seller
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?”
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.
