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Property profile & analytics
OFF-MARKET
Estimated value
$7,500,000
Hotels
1514 Broadway Santa Maria, CA 93454-7214
Individually Owned
~
Est. High Equity
Property ID
US09-0074469
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Lot
2.26 ac (98,445 SF)
APN
128-066-062
UPID
US09-0074469
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
-
Elite Rooter Plumbing Service General Contractor
-
Travelodge by Wyndham Santa Maria Hotel & Motel
-
elite restoration service Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.50M
Owner & transaction history
Prativ & Chetna Panchal Family Trus
Prativ & Chetna Panchal Family Trus
since 2026
Last sale
$7.5M
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$54,805
Tax year 2024
Assessed value
$4,973,125
Assessed 2024
Previous assessed
$4,973,125
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,741,721
Assessed improvement
$3,231,404
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
Hotels
Use group
HOTEL
Status
Off-Market
Heating
NONE
Lot
2.26 ac (98,445 SF)
APN
128-066-062
UPID
US09-0074469
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
2.26 ac
Current owner
From public records · entity-resolved
Prativ & Chetna Panchal Family Trus
Individual
Mailing address
1514 S BROADWAY, SANTA MARIA, CA 93454-7214
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2026
$7,500,000
Prativ & Chetna Panchal Family Trus
Mirage Hospitality INC
Grant Deed
$4,517,500 · American Riviera Bank
Feb 23, 2017
—
Mirage Hospitality INC
—
Deed
related
$3,000,000 · Community W Bk
Aug 15, 2005
$1,650,000
Mirage Hospitality INC
Patel,rajendra
Grant Deed
$550,000 · Heritage Bank Of Commerce
Aug 15, 2005
—
Rajendra Patel
Enarpy Hospitality LLC
Grant Deed
—
Oct 15, 2003
$2,522,000
Enarpy Hospitality LLC
Budget Inn & Suites LLC
Grant Deed
$2,000,000 · Heritage Bank Of Commerce
Oct 15, 2003
—
Enarpy Hospitality LLC
Budget Inn & Suites LLC
Grant Deed
related
—
Jan 31, 2002
—
Budget Inn & Suites LLC
Dunn,john M
Grant Deed
$1,755,000 · Santa Lucia Bank
Sep 7, 2001
$1,092,500
John M Dunn
Budget Inn & Suites LLC
Grant Deed
$1,616,921 · George F & Janet L
Jan 5, 2001
$2,140,000
Budget Inn And Suites LLC
Makveera LLC
Grant Deed
$140,000 · Seller
Jun 22, 1998
$1,100,000
Bhupendra Bhakta
Craig,william & Constance H
Grant Deed
$1,005,000 · Pmc Investment Corp
Apr 4, 1996
—
William G Craig
—
Deed Of Trust
related
$1,300,000 · First Credit Bank
Mar 17, 1995
$1,750,000
Constance H Craig
Hilarides,lee & Nita L
Trustees Deed
—
—
—
Makveera LLC
—
Deed Of Trust
related
$1,625,000 · Individual
—
—
Mirage Hospitality INC
—
Deed Of Trust
related
$400,000 · Heritage Oaks Bank
—
—
Mirage Hospitality INC
—
Loan Modification
related
$3,000,000 · Community W Bk
—
—
Mirage Hospitality INC
—
Deed Of Trust
related
$3,858,318 · 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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