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Property profile & analytics
OFF-MARKET
Estimated value
$15,500,000
Motels
1410 Ocean St Santa Cruz, CA 95060-2825
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0103851
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2010
Construction
WOOD
Total area
54,700 SF
Lot
0.81 ac (35,501 SF)
APN
008-241-10
UPID
US09-0103851
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
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Holiday Inn Express & Suites Santa Cruz, an IHG Hotel Hotel & Motel
-
Santa Cruz Wildlife Removal Bird Control Service Pest Control Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$15.50M
CAP Approach
CAP
$17.79M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.50M
Owner & transaction history
Raya 1410 LLC · 2 yrs held
Raya 1410 LLC
since 2024
Last sale
$15.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$20.9M
+444.7%
Medical building
$16.2M
+323.6%
Apartment house (5+ units)
$11.4M
+198.1%
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 Cruz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Cruz 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
$15,500,000
ML approach
$15,500,000
CAP Approach
CAP Return
Estimation
6%
$19,270,000
6.5%
$17,785,000
7%
$16,515,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$20,890,000
Change: +445% · Conversion: Difficult
MEDICAL BUILDING
$16,240,000
Change: +324% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,430,000
Change: +198% · Conversion: Difficult
Blend value · Realmo final
$15.50M
Range $13.95M – $17.05M · ±10% · vs last sale $15.50M (Jul 11 2024)
Last sale anchor
$15.50M
Jul 11 2024
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
$283 / 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
$204,280
Tax year 2024
Assessed value
$18,044,235
Assessed 2024
Previous assessed
$18,044,235
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$3,244,933
Assessed improvement
$14,799,302
Applied tax rate
1.0000
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
2010
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
54,700 SF
Lot
0.81 ac (35,501 SF)
APN
008-241-10
UPID
US09-0103851
Jurisdiction
SANTA CRUZ
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$20.9M
MEDICAL BUILDING
Est. value
$16.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.4M
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2010
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
0.81 ac
Current owner
From public records · entity-resolved
Raya 1410 LLC
Entity
Mailing address
916 MATADERA WAY, DANVILLE, CA 94526-1992
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jul 11, 2024
$15,500,000
Raya 1410 LLC
Blu De Santa Cruz Hotel LLC
Grant Deed
$7,000,000 · Santa Cruz County Bank
Apr 11, 2014
—
Blu De Santa Cruz Hotel LLC
Bpr Properties Santa Cruz LLC
Trustees Deed
$12,500,000 · Natixis
Aug 2, 2011
—
Bpr Properties Santa Cruz LLC
—
Deed Of Trust
related
$10,000,000 · Bank Of America
Jul 8, 2008
—
Bpr Properties Santa Cruz LLC
Parasnis,shashank M & Rita P
Grant Deed
$8,000,000 · Bank Of America
Jun 3, 2005
$2,000,000
Shashank M Parasnis
Silva John L
Grant Deed
—
—
—
Bpr Properties Santa Cruz LLC
—
Deed Of Trust
related
$10,000,000 · Bank Of America
—
—
Bpr Properties Santa Cruz LLC
—
Deed Of Trust
related
$8,487,118 · Bank Of America
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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