New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,000,000
Motels
1859 Alamar Way, Fortuna, CA 95540-8535
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2879884
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1993
Total area
20,902 SF
Lot
1.03 ac (44,866 SF)
Zoning code
FC
APN
200-363-036-000
UPID
US10-2879884
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
-
Tesla Destination Charger Electric Vehicle Charging Station
-
The Redwood Riverwalk Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.48M
Blend (final)
Blend
$5.00M
Owner & transaction history
Golden Redwood LLC · 3 yrs held
Golden Redwood LLC
since 2023
Last sale
$4.9M
7 recorded transactions
Zoning & alternative use
FC · Fortuna, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.0M
+38.1%
Medical building
$3.4M
+16.2%
Apartment house (5+ units)
$3.3M
+12.8%
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 Fortuna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fortuna 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
$5,545,000
ML approach
$5,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,020,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$3,380,000
Change: +16% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,285,000
Change: +13% · Conversion: Difficult
RESTAURANT
$3,165,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$5.00M
Range $4.50M – $5.50M · ±10% · vs last sale $4.90M (Apr 6 2023)
Last sale anchor
$4.90M
Apr 6 2023
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
$239 / 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
$53,029
Tax year 2024
Assessed value
$5,006,000
Assessed 2024
Previous assessed
$5,006,000
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$943,500
Assessed improvement
$4,062,500
Applied tax rate
5.0000
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
1993
Heating
NONE
Cooling
WALL UNIT
Stories
2
Total area
20,902 SF
Lot
1.03 ac (44,866 SF)
Zoning code
FC
APN
200-363-036-000
UPID
US10-2879884
Jurisdiction
HUMBOLDT
Zoning & alternative use
FC · Fortuna, CA
Zoning FC · permitted uses
FC · Fortuna, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fortuna. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
RESTAURANT
Est. value
$3.2M
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1993
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.03 ac
Current owner
From public records · entity-resolved
Golden Redwood LLC
Entity
Mailing address
2739 HL VIS CT, SAN JOSE, CA 95148-2177
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2023
$4,900,000
Golden Redwood LLC
Jeffrey Durham
Grant Deed
$2,405,000 · Coast Central Cu
Apr 3, 2023
—
Jeffrey Durham & Maverick Prop Hold
—
Deed
related
$1,280,000 · Epic Hospitality INC
Jul 31, 2008
$3,700,000
Maverick Property Holdings LLC
Vapa LLC
Grant Deed
related
$3,145,000 · Valley Community Bank
Feb 6, 2006
—
Vapa LLC
Nagin,venilal
Grant Deed
—
Nov 17, 2005
—
Venilal Nagin
Nagin,padmini V
Quit Claim Deed
related
—
Nov 17, 2005
$2,765,000
Venilal Nagin
Hazelton Hospitality Co LLC
Grant Deed
$1,515,000 · Nara Bank
Jan 5, 1999
$1,825,000
Hazelton Hospitality Co LLC
Patel,pravin & Sima
Grant Deed
$1,150,000 · Humboldt Bank
—
—
Maverick Property Holdings LLC
—
Deed Of Trust
$185,000 · Vapa LLC
—
—
Maverick Property Holdings LLC
—
Deed Of Trust
related
$3,145,000 · Valley Community 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1859 Alamar Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
