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Property profile & analytics
OFF-MARKET
Estimated value
$3,530,000
Hotels
16900 Ocean Dr Fort Bragg, CA 95437
Individually Owned
5-yr Hold
Free & Clear
Property ID
US09-3753398
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1938
Construction
WOOD
Total area
19,132 SF
Lot
6.7 ac (291,852 SF)
APN
017-360-46-00
UPID
US09-3753398
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
$4.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.53M
Owner & transaction history
Mc & Bc Lc · 5 yrs held
Mc & Bc Lc
since 2020
Last sale
$3.0M
6 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 Fort Bragg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Bragg 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
$4,940,000
ML approach
$4,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,055,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.53M
Range $3.18M – $3.88M · ±10% · vs last sale $3.00M (Oct 15 2020)
Last sale anchor
$3.00M
Oct 15 2020
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
$185 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$24,286
Tax year 2023
Assessed value
$2,065,194
Assessed 2023
Previous assessed
$2,065,194
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,045,602
Assessed improvement
$1,019,592
Applied tax rate
76.0000
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/MOTEL
Status
Off-Market
Year built
1938
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
19,132 SF
Lot
6.7 ac (291,852 SF)
APN
017-360-46-00
UPID
US09-3753398
Jurisdiction
MENDOCINO
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
$4.1M
COMMERCIAL (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
1938
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
6.7 ac
Current owner
From public records · entity-resolved
Mc & Bc Lc
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 685, MENDOCINO, CA 95460-0685
Ownership since
2020
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
Oct 15, 2020
$2,998,000
Mc & Bc Lc
Edgar Monroy
Grant Deed
—
Jan 23, 2009
—
Edgar Monroy
Monroy,raul & Rosa
Quit Claim Deed
related
—
Sep 28, 2006
$3,000,000
Raul Monroy
Chin,jim & Soon I
Grant Deed
$1,600,000 · First Community Bank
Jan 28, 2005
—
Jim Chin
Chin,jim
Quit Claim Deed
related
—
Jan 28, 2005
$1,830,500
Jim Chin
Zia,haddon E
Grant Deed
related
$1,276,500 · Sonoma National Bank
Jun 13, 2000
$2,315,000
Haddon E Zia
Star/cross Enterprise
Grant Deed
$840,000 · North Coast 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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