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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Hotels
210 Nicholson Ave Santa Maria, CA 93454-4706
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1701684
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Lot
2.1 ac (91,476 SF)
APN
128-120-009
UPID
US09-1701684
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
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$565k
Owner & transaction history
Nicholson 210 LLC · 7 yrs held
Nicholson 210 LLC
since 2018
7 recorded transactions
Zoning & alternative use
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 Santa Maria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Maria 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
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
—
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
$68,265
Tax year 2024
Assessed value
$6,201,441
Assessed 2024
Previous assessed
$6,201,441
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$2,187,291
Assessed improvement
$4,014,150
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
Hotels
Use group
HOTEL
Status
Off-Market
Heating
NONE
Lot
2.1 ac (91,476 SF)
APN
128-120-009
UPID
US09-1701684
Jurisdiction
SANTA BARBARA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
2.1 ac
Current owner
From public records · entity-resolved
Nicholson 210 LLC
Entity
Mailing address
1850 W STOWELL RD, SANTA MARIA, CA 93458-9719
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 17, 2018
$5,400,000
Nicholson 210 LLC
Pismo Investment LLC
Grant Deed
—
Jan 31, 2018
—
Pismo Investment LLC
—
Deed
related
$2,500,000 · First General Bk
Oct 19, 2016
$5,505,000
Pismo Investment LLC
Azsa Hospitality LLC
Grant Deed
$1,750,000 · Private Individual
Aug 29, 2014
$3,350,000
Azsa Hospitality LLC
210 Ventures LLC
Grant Deed
$2,680,000 · Bbcn Bk
Jan 25, 2006
$14,690,909
210 Ventures LLC
Buellton Motel Co LLC
Grant Deed
—
Nov 26, 2003
—
Buellton Motel Co LLC
Santa Maria Hospitality Inv
Grant Deed
$2,975,000 · Heritage Oaks Bank
Mar 8, 2002
$2,650,000
Santa Maria Hospitality Inv
Walter W Ralphs Trustee
Grant Deed
$2,000,000 · Coast National Bank
—
—
210 Ventures LLC
—
Deed Of Trust
related
$3,000,000 · Bank Of America
—
—
Santa Maria Hospitality Inv LP
—
Deed Of Trust
related
$810,000 · Hacienda Bank
—
—
Pismo Investment LLC
—
Deed Of Trust
related
$2,500,000 · First General Bk
—
—
Santa Maria Hospitality Inv LP
—
Deed Of Trust
related
$100,000 · Coast National 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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