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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Motels
1845 Spg St Paso Robles, CA 93446-1689
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2177837
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2020
Construction
WOOD
Total area
4,700 SF
Lot
0.16 ac (7,000 SF)
Zoning code
TC2
APN
008-234-007
UPID
US09-2177837
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
$370k
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$485k
Blend (final)
Blend
$505k
Owner & transaction history
Paso Choice LLC · 7 yrs held
Paso Choice LLC
since 2018
7 recorded transactions
Zoning & alternative use
TC2 · Paso Robles, CA
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 Paso Robles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paso Robles 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
$370,000
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$655,000
7%
$605,000
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$107 / 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
$11,451
Tax year 2024
Assessed value
$1,030,000
Assessed 2024
Previous assessed
$1,030,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$240,000
Assessed improvement
$790,000
Applied tax rate
2.0000
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
2020
Construction
WOOD
Heating
NONE
Total area
4,700 SF
Lot
0.16 ac (7,000 SF)
Zoning code
TC2
APN
008-234-007
UPID
US09-2177837
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
TC2 · Paso Robles, CA
Zoning TC2 · permitted uses
TC2 · Paso Robles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paso Robles. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2020
Construction
WOOD
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
Paso Choice LLC
Entity
Mailing address
701 ANACAPA ST STE D, SANTA BARBARA, CA 93101-7232
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Sep 13, 2022
—
Paso Choice LLC
—
Deed
related
$2,806,080 · Sesloc FCU
Oct 18, 2018
—
Paso Choice LLC
Montecito Choice LLC
Quit Claim Deed
—
Aug 28, 2017
$1,662,500
Montecito Choice LLC
Eisengart Bruce & A J Trust
Grant Deed
—
Mar 5, 2012
—
Elsengart Bruce & A J Liv Trust
Eisengart,bruce & A Joette
Grant Deed
related
—
Mar 2, 2012
—
Bruce Eisengart
Bruce Eisengart
Intrafamily Transfer
related
$220,845 · Jpmorgan Chase Bank NA
Feb 20, 2004
—
Eisengart,tr
Eisengart,bruce & A J
Quit Claim Deed
related
—
Feb 19, 2004
—
Bruce Eisengart
Eisengart,tr
Quit Claim Deed
related
$116,000 · Chase Manhattan Mortgage Corp
Feb 25, 2002
—
Eisengart Trust
Eisengart,bruce & A J
Quit Claim Deed
related
—
Feb 14, 2002
—
Bruce Eisengart
Eisengart Trust
Quit Claim Deed
related
$160,000 · Chase Manhattan Mortgage Corp
Oct 17, 2001
—
Bruce Eisengart
Eisengart,bruce & A J
Quit Claim Deed
related
—
—
—
Bruce Eisengart
—
Deed Of Trust
related
$87,750 · Great Western 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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