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Property profile & analytics
OFF-MARKET
Estimated value
$80,955,000
Assisted living facilities
1220 Suey Rd Santa Maria, CA 93454-2683
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2136283
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Lot
14.93 ac (650,350 SF)
APN
128-033-040
UPID
US09-2136283
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
-
Merrill Gardens at Santa Maria Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$80.96M
Owner & transaction history
Mg At Santa Maria LP · 5 yrs held
Mg At Santa Maria LP
since 2020
Last sale
$74.3M
7 recorded transactions
Zoning & alternative use
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 Santa Maria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Maria 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
$94,360,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$80.96M
Range $72.86M – $89.05M · ±10% · vs last sale $74.25M (Sep 22 2020)
Last sale anchor
$74.25M
Sep 22 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
—
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
$899,528
Tax year 2024
Assessed value
$80,531,283
Assessed 2024
Previous assessed
$80,531,283
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$17,265,854
Assessed improvement
$63,265,429
Applied tax rate
3.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Heating
NONE
Lot
14.93 ac (650,350 SF)
APN
128-033-040
UPID
US09-2136283
Jurisdiction
SANTA BARBARA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
14.93 ac
Current owner
From public records · entity-resolved
Mg At Santa Maria LP
Entity
Mailing address
1938 FAIRVIEW AVE E STE #300, SEATTLE, WA 98102-3650
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2020
$74,250,000
Mg At Santa Maria LP
Mgp 50 LLC
Grant Deed
$459,640,000 · Prudential Insurance Of America
May 24, 2012
—
Mgp 50 LLC
—
Deed Of Trust
related
$26,500,000 · Health Care Reit INC
Dec 12, 2011
$10,252,000
Mgp 50 LLC
Merrill Gardens Of Santa Maria Ll
Grant Deed
—
Mar 9, 2006
$24,400,000
Gardens At Santa Maria Merrill
Santa Maria Senior Living LLC
Grant Deed
$20,000 · Us Bank NA
Nov 18, 2003
—
Santa Maria Senior Living LLC
—
Deed Of Trust
related
$11,700,000 · Mid-state Bank & Trust Co
—
—
Merrill Gardens Of Santa Maria Ll
—
Deed Of Trust
related
—
—
—
Mgp 50 LLC
—
Deed Of Trust
related
—
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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