The property is a boutique hotel located in Morro Bay, California, with ocean and Morro Rock views and a coastal setting. It is configured as a hospitality use and includes an identified expansion potential to add 11 additional units, with the associated project advanced in the permitting process.

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?

$42k

Tax billed · 2024

Assessed value$3.77M

Assessed land$2.12M

Assessed improvement$1.65M

Effective rate1.11%

Value estimate

· Nov 2026

$825k

$743k – $908k

AI approach$555k

CAP approach$785k

Submarket $/SF estimate$1.14M

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?

CVS

JurisdictionSAN LUIS OBISPO

Location intelligence

Which uses thrive at this corner?

Best fit: HVAC Service

Demand heat for this use is drawn on the map · LocInt grid

Demand index

HVAC Service9.2

Dry Cleaner8.7

Dental Office8.6

1050 Morro Ave Morro Bay, CA 93442-2018

County assessor Recorded deeds · 6 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

Address Sale price Sold Size

225 Bch, Morro Bay, CA 93442-2001 $5,900,000 Nov 2022 8,439 SF

1148 Frnt, Morro Bay, CA 93442-2050 $3,500,000 May 2022 4,064 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

235 Hbr, Morro Bay, CA 93442-2107 $2,240,000 Nov 2021 3,403 SF

845 Morro, Morro Bay, CA 93442-2135 $1,200,000 Mar 2020 9,160 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

Value Estimation
$770,000

5,546 SF

640 Main St

MOTEL

640 Main St, Morro Bay, CA 93442-2222

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Value Estimation
$700,000

5,124 SF

670 Main St

MOTEL

670 Main St, Morro Bay, CA 93442-2222

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Value Estimation
$735,000

8,280 SF

1098 Main St

MOTEL

1098 Main St, Morro Bay, CA 93442-2004

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Value Estimation
$5,010,000

9,304 SF

280 Atascadero Rd

MOTEL

280 Atascadero Rd, Morro Bay, CA 93442

View Details
Value Estimation
$3,755,000

9,418 SF

220 Bch St

MOTEL

220 Bch St, Morro Bay, CA 93442-2002

View Details
Value Estimation
$1,270,000

9,482 SF

60 State Park Rd

MOTEL

60 State Park Rd, Morro Bay, CA 93442-2430

View Details