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Property profile & analytics
OFF-MARKET
Estimated value
$8,855,000
Hotels
1113 Adella Ave Coronado, CA 92118-2927
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9657631
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Total area
2,920 SF
Lot
0.17 ac (7,294 SF)
Zoning code
COMMERCIAL
APN
537-570-10-00
UPID
US09-9657631
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.97M
Blend (final)
Blend
$8.86M
Owner & transaction history
Coronado Residences Hotel LLC · 3 yrs held
Coronado Residences Hotel LLC
since 2022
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Coronado, 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 Coronado submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coronado 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
$11,540,000
ML approach
$10,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.86M
Range $7.97M – $9.74M · ±10% · vs last sale $8.03M (Nov 4 2022)
Last sale anchor
$8.03M
Nov 4 2022
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
$3,033 / 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
$86,649
Tax year 2024
Assessed value
$8,188,560
Assessed 2024
Previous assessed
$8,188,560
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$7,446,000
Assessed improvement
$742,560
Applied tax rate
2.0000
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
Heating
NONE
Units
2
Total area
2,920 SF
Lot
0.17 ac (7,294 SF)
Zoning code
COMMERCIAL
APN
537-570-10-00
UPID
US09-9657631
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Coronado, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Coronado, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coronado. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Units
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Coronado Residences Hotel LLC
Entity
Mailing address
311 1ST ST, CORONADO, CA 92118-1101
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Nov 4, 2022
$8,028,000
Coronado Residences Hotel LLC
Janice H Mcelroy
Grant Deed
—
Dec 17, 2019
—
Mcelroy,janice H Trust
Janice H Mcelroy
Quit Claim Deed
related
—
Jul 22, 2019
—
Janice H Mcelroy
—
Deed
related
$234,205 · Western Alliance Bk
Dec 11, 2015
—
Janice H Mcelroy
Mcelroy,richard H
Quit Claim Deed
—
Nov 4, 2003
$1,397,500
J Howard & Associates INC
American National Red Cross
Grant Deed
$750,000 · Torrey Pines Bank
—
—
Janice H Mcelroy
—
Loan Modification
related
$234,205 · Western Alliance Bk
—
—
J Howard & Associates INC
—
Deed Of Trust
related
$789,000 · Torrey Pines Bank
—
—
J Howard & Associates INC
—
Deed Of Trust
related
$200,000 · Torrey Pines 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.
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