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Property profile & analytics
OFF-MARKET
Estimated value
$4,355,000
Hotels
1111 Blackstone St Tulare, CA 93274-2347
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5754642
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1977
Construction
WOOD
Total area
29,260 SF
Lot
1.7 ac (74,052 SF)
Zoning code
C3
APN
170-380-001-000
UPID
US09-5754642
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
-
Motel 6 Tulare, CA Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.86M
CAP Approach
CAP
$2.82M
Comparable Approach
Comparable
$3.43M
Blend (final)
Blend
$4.36M
Owner & transaction history
Veer Hospitality Tulare LLC · 5 yrs held
Veer Hospitality Tulare LLC
since 2020
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
C3 · Tulare, 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 Tulare submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tulare 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
$5,830,000
ML approach
$5,855,000
CAP Approach
CAP Return
Estimation
6%
$3,060,000
6.5%
$2,820,000
7%
$2,620,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,130,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$4.36M
Range $3.92M – $4.79M · ±10% · vs last sale $4.10M (Sep 28 2020)
Last sale anchor
$4.10M
Sep 28 2020
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
$149 / 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
$44,770
Tax year 2024
Assessed value
$4,032,589
Assessed 2024
Previous assessed
$4,032,589
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$742,845
Assessed improvement
$3,289,744
Applied tax rate
5.0000
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
1977
Construction
WOOD
Heating
NONE
Stories
2
Rooms
111
Total area
29,260 SF
Lot
1.7 ac (74,052 SF)
Zoning code
C3
APN
170-380-001-000
UPID
US09-5754642
Jurisdiction
TULARE
Zoning & alternative use
C3 · Tulare, CA
Zoning C3 · permitted uses
C3 · Tulare, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tulare. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$7.1M
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Construction
WOOD
Heating
NONE
Stories
2
Rooms
111
Lot
1.7 ac
Current owner
From public records · entity-resolved
Veer Hospitality Tulare LLC
Entity
Mailing address
3455 E LA PALMA AVE STE #201, ANAHEIM, CA 92806-2004
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2022
—
Veer Hospitality Tulare LLC
—
Deed
related
$4,700,000 · United Security Bank
Sep 28, 2020
$4,100,000
Veer Hospitality Tulare LLC
G6 Hospitality Property LLC
Grant Deed
$3,765,000 · Celtic Bank Corporation
Sep 15, 2017
—
G6 Hospitality Property LLC
—
Loan Modification
related
$2,010,000,000 · Jp Morgan Chase Bk
Aug 9, 2017
—
G6 Hospitality Property LLC
—
Deed
related
$2,010,000,000 · Jp Morgan Chase Bk
Feb 26, 2015
—
G6 Hospitality Property LLC
Motel 6 Operating LP
Intrafamily Transfer
related
$180,000,000 · Jpmorgan Chase Bank NA
Sep 24, 2014
—
Motel 6 Operating LP
Motel Investments
Quit Claim Deed
—
Jun 16, 2014
—
Polansky,perri 2012 Trust
Motel Investments
Quit Claim Deed
—
—
—
G6 Hospitality Property LLC
—
Deed Of Trust
related
$2,010,000,000 · Jp Morgan Chase Bk
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.
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