Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,000,000
Motels
1895 Monterey St San Luis Obispo, CA 93401-2613
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-2181637
Property summary
AI-generated overview
This 40-key hotel in San Luis Obispo, CA presents a compelling investment opportunity. Situated on a 1.34-acre lot at 1895 Monterey St, 93401, this property boasts 17,264 square feet across two, two-story buildings. Built in 1961 and extensively renovated between 2015 and 2016, the hotel benefits from a C-T-S Tourist-Commercial-Special Consideration Zone Overlay permitting. The asking price is $9,999,000, representing a price per key of $249,975 and a price per square foot of $579.18. The pro-forma NOI is $771,151, yielding a 6.80% cap rate. The property's prime location near downtown San Luis Obispo and a prestigious university ensures strong demand. The APN numbers are 001-152-015, 800-000129, 800-000-009, and 807-000-114. This is a value-add opportunity with significant upside potential for a savvy investor. All offers will be considered.
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1961
Construction
WOOD
Total area
5,192 SF
Lot
1.35 ac (58,806 SF)
Zoning code
CT
APN
001-152-015
UPID
US09-2181637
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
-
Inn at San Luis Obispo Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.30M
Blend (final)
Blend
$7.00M
Owner & transaction history
Rameshbhai B Panchal And Kalpana R Panchal Li
Rameshbhai B Panchal And Kalpana R Panchal Li
since 2026
Last sale
$6.8M
7 recorded transactions
Zoning & alternative use
CT · San Luis Obispo, 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 San Luis Obispo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Luis Obispo 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
$7,260,000
ML approach
$7,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.00M
Range $6.30M – $7.70M · ±10% · vs last sale $6.80M (May 8 2025)
Last sale anchor
$6.80M
May 8 2025
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
$1,348 / 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
$75,134
Tax year 2024
Assessed value
$6,732,000
Assessed 2024
Previous assessed
$6,732,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$3,162,000
Assessed improvement
$3,570,000
Applied tax rate
3.0000
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
1961
Construction
WOOD
Heating
NONE
Buildings
4
Total area
5,192 SF
Lot
1.35 ac (58,806 SF)
Zoning code
CT
APN
001-152-015
UPID
US09-2181637
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CT · San Luis Obispo, CA
Zoning CT · permitted uses
CT · San Luis Obispo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Luis Obispo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Construction
WOOD
Heating
NONE
Buildings
4
Lot
1.35 ac
Current owner
From public records · entity-resolved
Rameshbhai B Panchal And Kalpana R Panchal Li
Individual
Mailing address
1224 WHITLEY AVE, CORCORAN, CA 93212-2328
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2026
—
Rameshbhai B Panchal And Kalpana R Panchal Li
Panchal Rameshbhai
Deed
related
—
Jan 30, 2026
$7,220,000
Slo Hotel Group LLC
Rameshbhai B Panchal & Kalpana R Pa
Grant Deed
$4,693,000 · Pacific Alliance Bank
May 8, 2025
—
Rameshbhai B Panchal
Rameshbhai B Panchal
Deed
related
—
Mar 24, 2023
$6,800,000
Ramesh Panchal
Yatin Naran
Grant Deed
$3,800,000 · Santa Cruz County Bank
Jan 31, 2023
$2,429,000
Tejal Patel
Yatin Naran
Grant Deed
—
May 11, 2006
—
Yatin Naran
Aurignac,patrick
Grant Deed
$3,080,000 · Santa Lucia Bank
Aug 1, 2005
—
Somerset Inn LLC
Aurignac,patrick & Alison
Grant Deed
—
Mar 24, 2004
—
Property Resources INC
Binkele Trsut
Grant Deed
related
—
May 28, 2002
—
Binkele Trust
Binkele,robert E
Quit Claim Deed
related
—
Jan 13, 1994
$1,750,000
Robert E Binkele
Binkele Properti
Quit Claim Deed
related
—
Jan 13, 1994
—
Robert E Binkele
Binkele,cynthia
Quit Claim Deed
related
$1,400,000 · Wells Fargo Bank
—
—
Yatin Naran
—
Deed Of Trust
related
$150,000 · Heritage Oaks Bank
—
—
Yatin Naran
—
Deed Of Trust
related
$300,000 · Santa Lucia Bank
—
—
Yatin Naran
—
Deed Of Trust
related
$3,900,000 · Heritage Oaks Bank
—
—
Patrick Aurignac
—
Deed Of Trust
related
$100,000 · Mission Community Bank NA
—
—
Yatin Naran
—
Deed Of Trust
related
$100,000 · Heritage Oaks Bank
—
—
Robert E Binkele
—
Deed Of Trust
related
$1,500,000 · Mid State 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 1895 Monterey St?
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.
