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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Motels
1717 Soquel Ave Santa Cruz, CA 95062-1305
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US09-0515885
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1948
Construction
WOOD
Total area
12,136 SF
Lot
1.12 ac (48,613 SF)
APN
009-364-05
UPID
US09-0515885
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
-
Trusted Lien Settlement - Santa Cruz Tax Preparation
-
Hitching Post Studios Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$790k
Blend (final)
Blend
$685k
Owner & transaction history
Bajarang Hotels LLC · 19 yrs held
Bajarang Hotels LLC
since 2006
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 Cruz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Cruz 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
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$895,000
Current use
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$56 / 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
$35,279
Tax year 2024
Assessed value
$3,125,525
Assessed 2024
Previous assessed
$3,125,525
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,629,386
Assessed improvement
$1,496,139
Applied tax rate
1.0000
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
1948
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
20
Total area
12,136 SF
Lot
1.12 ac (48,613 SF)
APN
009-364-05
UPID
US09-0515885
Jurisdiction
SANTA CRUZ
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
HOTEL/MOTEL Current
Est. value
$895,000
HOTEL/MOTEL Current
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
1948
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
20
Lot
1.12 ac
Current owner
From public records · entity-resolved
Bajarang Hotels LLC
Entity
Mailing address
1717 SOQUEL AVE, SANTA CRUZ, CA 95062-1305
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2018
—
Bajarang Hotels LLC
—
Deed
related
$1,750,000 · Meriwest Cu
Dec 4, 2006
—
Bajarang Hotels LLC
Bajarang Ents LLC
Quit Claim Deed
—
Dec 4, 2006
$363,500
Bajarang Hotels LLC
Jay Siyaram Hotels LLC
Grant Deed
—
May 17, 2006
—
Bajarang Ents LLC
Patel,suresh P
Grant Deed
$1,700,000 · Centennial Bank
Dec 21, 2000
$2,200,000
Suresh P Patel
Vanessa Properties INC
Grant Deed
$1,800,000 · Heritage Bank Of Commerce
—
—
Suresh P Patel
—
Deed Of Trust
related
$75,000 · Individual
—
—
Bajarang Hotels LLC
—
Deed Of Trust
related
$827,300 · Santa Cruz County Bank
—
—
Bajarang Hotels LLC
—
Deed Of Trust
related
$827,300 · Edf Resource Capital INC
—
—
Bajarang Hotels LLC
—
Deed Of Trust
related
$1,945,900 · Sterling Savings Bank
—
—
Bajarang Hotels LLC
—
Deed Of Trust
related
$827,300 · Santa Cruz County Bank
—
—
Bajarang Hotels LLC
—
Deed Of Trust
related
$1,750,000 · Meriwest Cu
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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