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Property profile & analytics
OFF-MARKET
Hotels
1701 Broadway Santa Maria, CA 93454-1927
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1126249
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Lot
2.89 ac (125,888 SF)
APN
117-510-004
UPID
US09-1126249
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
-
A Mi Manera Mexican Cuisine Restaurant
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
1725 Broadway LLC · 2 yrs held
1725 Broadway LLC
since 2024
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
$60,247
Tax year 2024
Assessed value
$5,484,144
Assessed 2024
Previous assessed
$5,484,144
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,160,417
Assessed improvement
$4,323,727
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
2.89 ac (125,888 SF)
APN
117-510-004
UPID
US09-1126249
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
2.89 ac
Current owner
From public records · entity-resolved
1725 Broadway LLC
Entity
Mailing address
280 WADSWORTH AVE, PISMO BEACH, CA 93449-2541
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2024
—
1725 Broadway LLC
Kenneth Thomas
Grant Deed
—
May 22, 2020
—
Hearn Family Trust
—
Deed
related
—
Dec 27, 2018
—
Hearn Family Trust
Hearn,hardy & Judy L
Quit Claim Deed
related
—
Jan 29, 1999
$188,500
Hardy Hearn
Edgewater Motel INC
Grant Deed
—
Jun 23, 1989
$2,975,500
Edgewater Motel
Premerit Bank
Grant Deed
$371,600 · Premerit Bank
—
—
Hardy Hearn
—
Deed Of Trust
related
$3,000,000 · Santa Barbara Bank & Trust
—
—
Hearn Family Trust
—
Loan Modification
related
—
—
—
Hardy Hearn
—
Deed Of Trust
related
$500,000 · American Principle 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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