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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Motels
1951 Monterey St San Luis Obispo, CA 93401-2615
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3248592
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1989
Construction
WOOD
Total area
15,451 SF
Lot
0.79 ac (34,205 SF)
Zoning code
CT
APN
001-152-008
UPID
US10-3248592
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
-
Mission Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$1.52M
Owner & transaction history
Manish Enterprises INC · 6 yrs held
Manish Enterprises INC
since 2019
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±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
$98 / 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
$61,760
Tax year 2024
Assessed value
$5,521,839
Assessed 2024
Previous assessed
$5,521,839
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,822,743
Assessed improvement
$3,699,096
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
1989
Construction
WOOD
Heating
NONE
Total area
15,451 SF
Lot
0.79 ac (34,205 SF)
Zoning code
CT
APN
001-152-008
UPID
US10-3248592
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
1989
Construction
WOOD
Heating
NONE
Lot
0.79 ac
Current owner
From public records · entity-resolved
Manish Enterprises INC
Entity
Mailing address
53 LA GARZA, PISMO BEACH, CA 93449-2839
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2024
—
Manish Enterprises INC
—
Deed
related
$354,200 · United States Small Business Admin
Aug 14, 2019
$5,200,000
Manish Enterprises INC
P & S Associate INC
Grant Deed
$2,860,000 · American Riviera Bank
Aug 1, 2007
—
Pragna J Patel
Eight Mile Creek Invs
Grant Deed
—
Aug 1, 2007
$4,017,000
P & S Associate INC
Patel,pragna J
Grant Deed
$2,561,250 · Heritage Oaks Bank
Mar 8, 2002
$3,150,000
Eight Mile Creek Inv LP
Sohi,harmohan S & Ranjit K
Grant Deed
$1,344,200 · Pacific Liberty Bank
Feb 23, 1999
—
Holland Trust
Holland,jerry C & Sandra C
Quit Claim Deed
related
—
Dec 31, 1991
$300,000
Holland,jerry C
Sohi,harmohan S
Trustees Deed
related
—
Dec 31, 1991
$50,000
Sohi,harmohan S
Garewal,david
Trustees Deed
related
—
Sep 28, 1989
—
Title I Security
Doshi,harshad
Trustees Deed
related
—
Sep 28, 1989
$851,000
Title I Security
Desai,rajni M
Trustees Deed
related
$375,874 · Doshi Harshhad
—
—
P & S Associates INC
—
Deed Of Trust
related
$428,212 · Ramesh N Patel
—
—
Eight Mile Creek Investments
—
Deed Of Trust
related
$1,344,200 · Bank Of The West
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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