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Property profile & analytics
OFF-MARKET
Hotels
1588 Msn Dr Solvang, CA 93463-2634
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3165722
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Lot
0.03 ac (1,306 SF)
APN
139-280-009
UPID
US10-3165722
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
-
Mortensen's Danish Bakery Bakery Specialty Food Shop
-
Dana V. Wines Brewery & Distillery Specialty Food Shop
-
Picket Fences (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1576 Mission Drive LLC · 8 yrs held
1576 Mission Drive LLC
since 2017
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 Solvang submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Solvang 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
$2,453
Tax year 2024
Assessed value
$228,821
Assessed 2024
Previous assessed
$228,821
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$35,934
Assessed improvement
$192,887
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
0.03 ac (1,306 SF)
APN
139-280-009
UPID
US10-3165722
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
0.03 ac
Current owner
From public records · entity-resolved
1576 Mission Drive LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1231 STATE ST STE B, SANTA BARBARA, CA 93101-8710
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2018
—
1576 Mission Drive LLC
—
Grant Deed
related
$2,950,000 · American Riviera Bk
Dec 8, 2017
—
1576 Mission Drive LLC
1576 Mission Drive LLC
Quit Claim Deed
related
—
Dec 10, 2014
$152,500
1576 Mission Drive LLC
Petersen Village Inn LP
Grant Deed
$90,599 · Petersen Village Inn LP
Jul 11, 2003
—
Thompson,tr
Thompson,jerry W & Diane E
Quit Claim Deed
related
—
Jul 11, 2003
$805,000
Petersen Village Inn LP
Thompson,tr
Grant Deed
—
Oct 23, 2001
—
Thompson Trust
Thompson Trust
Quit Claim Deed
related
—
Sep 8, 1997
$60,000
Daniel F Thompson
Thompson,david W
Quit Claim Deed
related
—
—
—
Petersen Village Inn LP
—
Deed Of Trust
related
$30,000 · Royce R Lewellen
—
—
Petersen Village Inn
—
Deed Of Trust
related
$500,000 · 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.
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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