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Property profile & analytics
OFF-MARKET
Estimated value
$3,140,000
Motels
1148 Frnt St Morro Bay, CA 93442-2050
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-1902760
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1963
Construction
WOOD
Total area
4,064 SF
Lot
0.14 ac (6,300 SF)
Zoning code
C1
APN
066-034-010
UPID
US10-1902760
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
$2.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.37M
Blend (final)
Blend
$3.14M
Owner & transaction history
Jn Properties LLC · 1 yrs held
Jn Properties LLC
since 2025
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
C1 · Morro Bay, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.9M
+28.3%
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
$2,615,000
ML approach
$2,725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,230,000
Current use
OFFICE BUILDING
$2,865,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,125,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$3.14M
Range $2.83M – $3.45M · ±10% · vs last sale $3.50M (May 24 2022)
Last sale anchor
$3.50M
May 24 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
$773 / 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
$39,215
Tax year 2024
Assessed value
$3,548,360
Assessed 2024
Previous assessed
$3,548,360
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,040,400
Assessed improvement
$2,507,960
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
1963
Construction
WOOD
Heating
NONE
Buildings
2
Total area
4,064 SF
Lot
0.14 ac (6,300 SF)
Zoning code
C1
APN
066-034-010
UPID
US10-1902760
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
C1 · Morro Bay, CA
Zoning C1 · permitted uses
C1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.1M
HOTEL/MOTEL Current
OFFICE BUILDING
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
1963
Construction
WOOD
Heating
NONE
Buildings
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Jn Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1550 W HORIZON RDG PKWY, HENDERSON, NV 89012-3600
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jul 7, 2025
—
Jn Properties LLC
John Napoli
Grant Deed
—
May 24, 2022
$3,500,000
John Napoli
Jayne F Polland Behman
Grant Deed
$500,000 · Saap Trust
Aug 25, 2020
—
Saap Trust
Saap Trust
Quit Claim Deed
related
$600,000 · Sagga Trust (pt)
Feb 26, 2009
$1,000
Saap Trust
Reliable Trust Deed Svcs
Trustees Deed
related
—
Jun 15, 2007
—
Viana Dev LLC
Canyon Financial LLC
Grant Deed
$900,000 · Saap Trust
Jan 13, 2005
—
Louis Cohen
Canyon Financial LLC
Grant Deed
$650,000 · Louis & Rochelle Cohen
Feb 27, 2004
$890,000
Canyon Financial LLC
Hamilton,jill L
Grant Deed
related
$170,000 · Rochelle & Louis Cohen
Oct 10, 1997
$640,000
Jill L Hamilton
Turner,terri
Grant Deed
$485,000 · Goleta National Bank
Mar 2, 1995
$525,000
Terri Turner
Rogers Trust
Grant Deed
$400,000 · Seller
Aug 21, 1992
$233,500
Rogers Trust #2
Harrison,james M
Grant Deed
—
—
—
James M Harrison
—
Deed Of Trust
related
$159,934 · 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.
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