Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Motels
1098 Main St Morro Bay, CA 93442-2004
Entity Owned
2-yr Hold
Free & Clear
Property ID
US09-0684310
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1966
Construction
WOOD
Total area
8,280 SF
Lot
0.36 ac (15,840 SF)
Zoning code
VSC
APN
066-043-001
UPID
US09-0684310
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
-
Coastal Breeze Inn Morro Bay CA Hotel & Motel
-
Villager Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$681k
Blend (final)
Blend
$735k
Owner & transaction history
Drdz LLC · 2 yrs held
Drdz LLC
since 2023
7 recorded transactions
Zoning & alternative use
VSC · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$89 / 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
$24,798
Tax year 2024
Assessed value
$2,250,891
Assessed 2024
Previous assessed
$2,250,891
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$922,953
Assessed improvement
$1,327,938
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
Off-Market
Year built
1966
Construction
WOOD
Heating
NONE
Rooms
26
Bathrooms
24
Total area
8,280 SF
Lot
0.36 ac (15,840 SF)
Zoning code
VSC
APN
066-043-001
UPID
US09-0684310
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
VSC · Morro Bay, CA
Zoning VSC · permitted uses
VSC · 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
1966
Construction
WOOD
Heating
NONE
Rooms
26
Bathrooms
24
Lot
0.36 ac
Current owner
From public records · entity-resolved
Drdz LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1098 MAIN ST, MORRO BAY, CA 93442-2004
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2023
—
Drdz LLC
Dharmeshkumar Panchal
Grant Deed
—
May 31, 2023
—
Dharmeshkumar Panchal
Dharmeshkumar Panchal
Intrafamily Transfer
related
—
Jun 15, 2016
—
Dharmesh R Panchal
—
Deed
related
$1,050,000 · Pinnacle Bank
Jul 8, 2002
$1,600,000
Dharmesh R Panchal
Amitage Corp
Grant Deed
$1,330,000 · Heritage Bank Of Commerce
May 1, 2002
$1,150,000
Amitage Corp
Amini,ali A & Shirin
Grant Deed
$1,150,000 · First Bank San Luis Obispo
May 8, 2000
—
Alex A Amini
Amini,ali & Shirin B
Quit Claim Deed
related
—
Apr 20, 2000
$494,000
Ali Amini
Solu,mehmet E & Joan K
Grant Deed
related
$332,500 · Heritage Oaks Bank
Jun 18, 1998
$1,025,000
Mehmet E Solu
Patel Trust
Grant Deed
$765,000 · Seller
Apr 10, 1990
$563,500
Ramanbhai Patel
Hempenius,gerald
Grant Deed
related
—
Mar 16, 1990
$563,500
Ramanbhai Patel
Hempenius,trust
Grant Deed
related
$135,000
—
—
Mehmet E Solu
—
Deed Of Trust
related
$100,000 · Heritage Oaks Bank
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 1098 Main St?
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.
