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Property profile & analytics
OFF-MARKET
Estimated value
$3,565,000
Hotels
1773 Jameson Ln, Santa Barbara, CA 93108-2925
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2345744
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Total area
16,816 SF
Lot
1.02 ac (44,431 SF)
APN
009-372-001
UPID
US09-2345744
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.57M
Owner & transaction history
Metlife Real Estate Lending LLC · 4 yrs held
Metlife Real Estate Lending LLC
since 2022
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 Barbara submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Barbara 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
$212 / 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
$739,138
Tax year 2024
Assessed value
$42,232,294
Assessed 2024
Previous assessed
$42,232,294
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$12,505,134
Assessed improvement
$29,727,160
Applied tax rate
78.0000
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
Total area
16,816 SF
Lot
1.02 ac (44,431 SF)
APN
009-372-001
UPID
US09-2345744
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
1.02 ac
Current owner
From public records · entity-resolved
Metlife Real Estate Lending LLC
Entity
Free & Clear · 4 yrs held
Mailing address
101 THE GRV DR, LOS ANGELES, CA 90036-6221
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2022
—
Metlife Real Estate Lending LLC
Miramar Acquisition Co LLC
Assignment Of Lease (leasehold Sale)
—
Oct 14, 2021
—
Metlife Real Estate Lending LLC
Miramar Acquisition Co LLC
Assignment Of Lease (leasehold Sale)
$185,000,000 · Metlife Real Estate Lending LLC
Aug 7, 2015
—
Miramar Acquisition Co LLC
—
Grant Deed
related
$135,000,000 · Miscellaneous Ins Co
Jul 27, 2012
—
Miramar Acquisition Co LLC
—
Grant Deed
related
$18,000,000 · First Republic Bk
Apr 5, 2012
—
Miramar Acquisition Co LLC
Caruso Bsc Miramar LLC
Quit Claim Deed
—
Feb 21, 2007
—
Caruso Bsc Miramar LLC
Miramar Bb Property LLC
Quit Claim Deed
$50,000,000 · Barclays Cap R/e
Apr 29, 2005
—
Miramar Bb Property LLC
Miramar Holdings LLC
Quit Claim Deed
—
Mar 22, 2004
—
Miramar Holdings INC
—
Deed Of Trust
related
$4,000,000 · Somera Realty Value Fund LP
Sep 10, 1998
—
Miramar Holdings LLC
Poucher,john S
Grant Deed
related
—
Mar 13, 1995
—
Gawzner Trust
Gawzner,jeanne P
Quit Claim Deed
related
—
—
—
Miramar Holdings LLC
—
Deed Of Trust
related
$16,000 · Santa Barbara Bank & Trust
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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