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    1843 Hobsonway Blythe, CA 92225-2091
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    Property profile & analytics

    1843 Hobsonway, Blythe, CA 92225-2091

    View on Map
    • Hotels
    • 2,689 SF
    • 0.81 lot acres
    Off-Market
    Property ID
    US09-2687316
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dutt's Relax Inn / Hotel & Motel

    Property Details for 1843 Hobsonway

    Year built
    1949
    Construction
    WOOD
    Lot size
    0.81 lot acres
    Zone code
    CP
    Property type
    Hotels
    APN
    851-130-029
    APU
    851130029

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 11, 2012 — Amratbhai Bhakta Bhakta,amratbhai Quit Claim Deed · related —
    Dec 4, 1998 — Amrutbhai Etux Bhakta Bhakta,amrutbhai Quit Claim Deed · related —
    Jun 28, 1996 — Amrutbhai Bhakta Bhakta,taraben P Quit Claim Deed · related —
    — — Amratbhi P Bhakta — Deed Of Trust · related $185k · Crown American Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Blythe
    County
    Riverside
    State
    California
    Longitude
    -114.573
    Latitude
    33.6112
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,876
    $277,526
    $422,902
    $700,428
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,280,000
      16,712 SF

      825 Hobsonway

      HOTEL
      825 Hobsonway, Blythe, CA 92225-1415
      View Details
    • Value Estimation by Request
      2,160 SF

      9232 Hobsonway

      HOTEL
      9232 Hobsonway, Blythe, CA 92225
      View Details
    • Value Estimation
      $670,000
      13,106 SF

      1689 Hobsonway

      HOTEL
      1689 Hobsonway, Blythe, CA 92225-2092
      View Details
    • Value Estimation by Request
      1.42 Acres

      Blythe, CA 92225

      HOTEL
      Blythe, CA 92225
      View Details
    • Value Estimation by Request
      12,388 SF

      2421 Hobsonway

      HOTEL
      2421 Hobsonway, Blythe, CA 92225
      View Details
    • Value Estimation
      $3,725,000
      52,386 SF

      2011 Donlon St

      HOTEL
      2011 Donlon St, Blythe, CA 92225-3049
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Americas Best Value Inn Blythe

      Two-story, 56-room hotel with outdoor pool and neighboring land.
      1689 E Hobsonway, Blythe, CA 92225
      View Details
    • $65,000
      15,682.00 Acres

      Flat Lot on Highway 78

      Flat 0.36 acre lot on Hwy 78 in Blythe, CA
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      5.80 Acres

      Blythe Commercial Land w/ Water Rights

      5.8 Acres, Commercial Zoning, Abundant Water
      Colorado River Rd, Blythe, CA 92225
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    • Contact for pricing

      Freeway Frontage Commercial Land

      55+ acres of commercial land with freeway frontage.
      55 West Hobsonway, Blythe, CA 92225
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    • Contact for pricing
      14,784 SF

      Vacant Medical Office Building

      Single-story medical office in Blythe, CA. Excellent visibility.
      500 N Broadway, Blythe, CA 92225
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    • Contact for pricing
      1,125 SF

      Downtown Blythe Commercial Opportunity

      Centrally located commercial space with high visibility and traffic.
      202 E Hobsonway, Blythe, CA 92225
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Drive-Thru Opportunity

      Drive-thru pad site in Blythe's main retail area.
      738 W Hobsonway, Blythe, CA 92225
      View Details
    • Contact for pricing
      1,981 SF

      Blythe Office Space Available

      Office space available for rent in Blythe, California.
      200 E Murphy St, Blythe, CA 92225
      View Details
    • Contact for pricing
      2,156 SF

      Retail Space on Busy Thoroughfare

      Retail space for lease, close to 10 Fwy, ample parking.
      1200 W Hobsonway, Blythe, CA 92225
      View Details
    • $2 SF/Yr

      Retail Space in Blythe Available

      Retail space at a busy intersection with freeway access.
      320 S Lovekin Blvd, Blythe, CA 92225
      View Details
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    Blythe, CA 92225-2091
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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