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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Motels
1215 Avila Bch Dr San Luis Obispo, CA 93405-8048
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2201268
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1996
Construction
WOOD
Total area
2,040 SF
Lot
104 ac (4,530,240 SF)
Zoning code
REC
APN
076-231-056
UPID
US09-2201268
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
-
Boutique Hotel Collection Hotel & Motel
-
The Yoga Dome Alternative Medicine Practice Spa & Massage Center
-
The Spa Alternative Medicine Practice Spa & Massage Center
-
Sycamore Mineral Springs Resort & Spa Hotel & Motel Resort
-
Gardens of Avila Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$980k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$759k
Blend (final)
Blend
$930k
Owner & transaction history
Sycamore Mineral Springs LLC · 4 yrs held
Sycamore Mineral Springs LLC
since 2022
7 recorded transactions
Zoning & alternative use
REC · San Luis Obispo, 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 San Luis Obispo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Luis Obispo 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
$980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,120,000
Current use
COMMERCIAL (GENERAL)
$1,000,000
Change: -11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$930,000
Change: -17% · Conversion: Difficult
OFFICE BUILDING
$915,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$456 / 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
$270,843
Tax year 2024
Assessed value
$24,375,017
Assessed 2024
Previous assessed
$24,375,017
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$11,217,554
Assessed improvement
$13,157,463
Applied tax rate
112.0000
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
1996
Construction
WOOD
Heating
NONE
Buildings
11
Rooms
52
Bathrooms
37
Total area
2,040 SF
Lot
104 ac (4,530,240 SF)
Zoning code
REC
APN
076-231-056
UPID
US09-2201268
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
REC · San Luis Obispo, CA
Zoning REC · permitted uses
REC · San Luis Obispo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Luis Obispo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$930,000
OFFICE BUILDING
Est. value
$915,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1996
Construction
WOOD
Heating
NONE
Buildings
11
Rooms
52
Bathrooms
37
Lot
104 ac
Current owner
From public records · entity-resolved
Sycamore Mineral Springs LLC
Entity
Mailing address
285 BRG ST, SAN LUIS OBISPO, CA 93401-5510
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
Jan 12, 2022
—
Sycamore Mineral Springs LLC
Sycamore Mineral Springs LLC
Lease
$20,000,000 · Societe Generale Financial Corp
Apr 26, 2012
—
Sycamore Mineral Springs LLC
—
Deed Of Trust
related
$4,000,000 · Motel Inn LLC
Apr 4, 2003
$16,025,500
Sycamore Mineral Springs LLC
Kiessig,tr
Grant Deed
$16,250,000 · Greenwich Capital Fin'l Produc
Nov 15, 1999
—
Klessig Trust
—
Grant Deed
related
$2,795,855 · Mid State Bank
Nov 1, 1994
—
Kiessig Trust
—
Grant Deed
related
$2,200,000 · Mid State Bank
—
—
Klessig Trust
—
Deed Of Trust
related
$7,750,000 · Mid State Bank
—
—
Kiessig Trust
—
Deed Of Trust
related
$3,550,000 · Mid State Bank
—
—
San Miguelito Partners
—
Deed Of Trust
related
$200,000 · Bayridge Engineering & Dev Cor
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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