Entity Owned Property summary
AI-generated overview
Western States Inn is a limited-service hospitality property configured as a lodging facility with approximately 17 guest rooms. The inn provides in-room and property-wide wireless internet access and includes on-site parking. It is located at 1099 K St in San Miguel, California, near U.S. Highway 101, providing roadway access and regional connectivity. The property is situated in an area associated with San Luis Obispo County tourism, including access to the local wine region and nearby wineries and historic attractions.
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1981
Total area
5,930 SF
Lot
0.47 ac (20,349 SF)
Zoning code
CR
APN
021-301-006
UPID
US09-2029207
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$825k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$685k
Owner & transaction history
since 2008
7 recorded transactions
Zoning & alternative use
CR · San Miguel, CA
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$685k
Value range
$617k – $754k
±10% around blend
Estimated value / SF
$116 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$617k
blend $685k
$754k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,930 SF
Lot area
0.47 ac
Year built
1981
APN
021-301-006
Zoning
CR
Assessed value
$1,973,353
Annual tax
$14,719
3
Income approach: direct capitalization
Partial preview
Income approach indication
$825k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$890k
@ 6.5% CAP return
$825k
@ 7% CAP return
$765k
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$685k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 64 sales
$549
-79%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $116/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.97M
Move the market yield to see immediate price impact.
Value / SF
$333
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$124k
$2.49M
$1.78M
$1.38M
$138k
$2.76M
$1.97M
$1.53M
$152k
$3.04M
$2.17M
$1.69M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,719
Tax year 2024
Assessed value
$1,973,353
Assessed 2024
Previous assessed
$1,973,353
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$656,753
Assessed improvement
$1,316,600
Applied tax rate
114.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1981
Heating
NONE
Rooms
20
Bathrooms
17
Total area
5,930 SF
Lot
0.47 ac (20,349 SF)
Zoning code
CR
APN
021-301-006
UPID
US09-2029207
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CR · San Miguel, CAZoning CR · permitted uses
CR · San Miguel, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Rooms
20
Bathrooms
17
Lot
0.47 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CR
Jurisdiction
San Miguel, CA
Recorded code
CR
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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