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Property profile & analytics
OFF-MARKET
Estimated value
$2,390,000
Motels
1651 Fir Ave, Solvang, CA 93463-2657
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2185190
Property profile
Verified
Property type
Motels
Use group
MOTEL
Lot
0.5 ac (21,780 SF)
APN
139-143-021
UPID
US09-2185190
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.39M
Owner & transaction history
1651 Fir Properties LLC · 3 yrs held
1651 Fir Properties LLC
since 2022
Last sale
$2.0M
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
Method
Estimation
Statistic approach
$2,755,000
ML approach
$2,810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.39M
Range $2.15M – $2.63M · ±10% · vs last sale $2.00M (Oct 31 2022)
Last sale anchor
$2.00M
Oct 31 2022
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
$22,016
Tax year 2024
Assessed value
$2,040,000
Assessed 2024
Previous assessed
$2,040,000
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$765,000
Assessed improvement
$1,275,000
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
Motels
Use group
MOTEL
Status
Off-Market
Heating
NONE
Lot
0.5 ac (21,780 SF)
APN
139-143-021
UPID
US09-2185190
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
0.5 ac
Current owner
From public records · entity-resolved
1651 Fir Properties LLC
Entity
Mailing address
1665 MSN DR, SOLVANG, CA 93463-2632
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
$2,000,000
1651 Fir Properties LLC
Lorraine H Maksoudian
Grant Deed
$1,500,000 · Maksoudian Living Trust
May 20, 2020
—
Maksoudian Living Trust
Kajerian Nora 2019 L/tr
Correction Deed
related
—
Dec 6, 2019
—
Maksoudian Living Trust
Khajerian Nora 2019 L/tr
Correction Deed
related
—
Oct 15, 2019
—
Maksoudian Living Trust
Khajerian Nora 2019 L/tr
Quit Claim Deed
—
Feb 22, 2019
—
Khajerian,nora 2019 Living Trust
Khajerian,nora
Quit Claim Deed
related
—
Mar 24, 2014
$180,000
Maksoudian Living Trust
Presley,curtis W & Houri
Grant Deed
—
Jul 15, 2010
—
Curtis W Presley
Presley,houri
Quit Claim Deed
related
—
May 10, 2010
—
Khajerian M M & S S 1991 Trust
Khajerian M & S 1991 Trust
Quit Claim Deed
related
—
Mar 29, 2010
—
Khajerian M M & S S 1991 Trust
Khajerian M M & S S Trust
Quit Claim Deed
related
—
Jan 26, 2005
—
Liv Maksoudian
Owner,record
Grant Deed
related
—
Dec 2, 2004
—
Maksoudian Trust
Maksoudian,y L & Lorraine H
Quit Claim Deed
related
—
Dec 9, 1991
—
Y Leon Lorraine H Maksoudian
Unknown
Grant Deed
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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