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Property profile & analytics
OFF-MARKET
Estimated value
$3,275,000
Motels
1583 Riverwalk Dr, Fortuna, CA 95540-9606
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-4312218
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2001
Total area
33,160 SF
Lot
1.03 ac (44,866 SF)
Zoning code
FC
APN
200-363-038-000
UPID
US09-4312218
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
-
Comfort Inn & Suites Redwood Country Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.09M
Comparable Approach
Comparable
$3.46M
Blend (final)
Blend
$3.28M
Owner & transaction history
Shree Ganesh Hospitality LLC · 11 yrs held
Shree Ganesh Hospitality LLC
since 2015
6 recorded transactions
Zoning & alternative use
FC · Fortuna, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.4M
+16.2%
Apartment house (5+ units)
$5.2M
+12.8%
Restaurant
$5.0M
+8.7%
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 Fortuna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fortuna 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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,345,000
6.5%
$3,090,000
7%
$2,870,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,615,000
Current use
MEDICAL BUILDING
$5,360,000
Change: +16% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,210,000
Change: +13% · Conversion: Difficult
RESTAURANT
$5,020,000
Change: +9% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,015,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$3.28M
Range $2.95M – $3.60M · ±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
$99 / 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
$40,983
Tax year 2024
Assessed value
$3,864,217
Assessed 2024
Previous assessed
$3,864,217
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$324,022
Assessed improvement
$3,540,195
Applied tax rate
5.0000
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
2001
Heating
NONE
Stories
3
Total area
33,160 SF
Lot
1.03 ac (44,866 SF)
Zoning code
FC
APN
200-363-038-000
UPID
US09-4312218
Jurisdiction
HUMBOLDT
Zoning & alternative use
FC · Fortuna, CA
Zoning FC · permitted uses
FC · Fortuna, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fortuna. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.2M
RESTAURANT
Est. value
$5.0M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
HOTEL/MOTEL Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
INDUSTRIAL (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
2001
Heating
NONE
Stories
3
Lot
1.03 ac
Current owner
From public records · entity-resolved
Shree Ganesh Hospitality LLC
Entity
Mailing address
1583 RIVERWALK DR, FORTUNA, CA 95540-9606
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2015
$3,150,000
Shree Ganesh Hospitality LLC
Manilal C Patel
Grant Deed
$2,350,000 · Redwood Capital Bank
Feb 24, 2012
—
White Circle Commerce LLC
Harry A Hardin
Grant Deed
related
—
Nov 15, 2004
$262,500
Hardin,harry
Bonnie M Tanferani
Grant Deed
—
Apr 23, 2002
—
Manilal C Patel
Patel,manilal C
Quit Claim Deed
related
$830,000 · Arcata Economic Development Co
Apr 17, 2000
$242,500
Patel M C
Lspi Exchange Corp
Grant Deed
—
Apr 14, 2000
$190,500
Lspi Exchange Corp
Tanferani,edward C & Bonnie M
Grant Deed
—
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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