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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Motels
211 Victoria St, Santa Barbara, CA 93101-3626
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3140526
Property profile
Verified
Property type
Motels
Use group
MOTEL
Total area
711 SF
Lot
0.09 ac (3,920 SF)
APN
039-171-005
UPID
US10-3140526
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
-
Ric Baldiviez - State Farm Insurance Agent Insurance Agency
-
Service Employees International Union Advocacy Group
-
Bifano Allen Law Firm
-
ISO Defense & Fitness Training Center Sports School
-
SEIU Local 535 Advocacy Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.15M
Owner & transaction history
Glen Freeman Mowrer JR · 2 yrs held
Glen Freeman Mowrer JR
since 2024
Last sale
$1.1M
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 Barbara submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Barbara 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
$1,145,000
ML approach
$1,145,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$800,000
Current use
OFFICE BUILDING
$735,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±10% · vs last sale $1.15M (Oct 24 2024)
Last sale anchor
$1.15M
Oct 24 2024
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
$1,610 / 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
$11,790
Tax year 2024
Assessed value
$1,108,962
Assessed 2024
Previous assessed
$1,108,962
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$806,518
Assessed improvement
$302,444
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
Heating
NONE
Bathrooms
1
Total area
711 SF
Lot
0.09 ac (3,920 SF)
APN
039-171-005
UPID
US10-3140526
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
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$800,000
OFFICE BUILDING
Est. value
$735,000
HOTEL/MOTEL Current
OFFICE BUILDING
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
Heating
NONE
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Glen Freeman Mowrer JR
Individual
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2024
—
Glen Freeman Mowrer JR
Amy Yanez
Grant Deed
—
Mar 23, 2022
—
Amy Yanez
Amy Yanez
Intrafamily Transfer
related
—
Mar 26, 2009
—
Norton Family Trust
Mowrer Margaret E Trust
Grant Deed
related
—
Aug 7, 2006
$910,000
Mowrer Margret E Trust
Schrack W F & D M 1991 Trust
Grant Deed
—
Jul 3, 2006
—
William F Schrack JR.
Schrack,dorothy M
Affidavit Of Death
related
—
Feb 1, 1995
$206,354
Schrack Trust
Phipps,harold O & Rhonda K
Grant Deed
—
Jan 17, 1995
—
Harold O Phipps
Gary,patric H
Grant Deed
related
—
—
—
Mowrer Margret E Trust
—
Deed Of Trust
related
$205,000 · Santa Barbara Bank & Trust
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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