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    Property profile & analytics

    212 Alexa Ct Paso Robles, CA 93446-9633

    • Motels
    • 46,269 SF
    • 2.30 lot acres
    OFF-MARKET
    Last Sale
    Nov 10, 2021
    $11,051,500
    Value Estimations
    $13,235,000
    Show details
    Cap Rate Potential
    3.3%
    Motels
    Location Intelligence
    Property ID
    US09-2103506
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Motels

    Property Details for 212 Alexa Ct

    Year built
    2003
    Construction
    WOOD
    Lot size
    2.30 lot acres
    Property size
    46,269 SF
    Zone code
    C2
    Property type
    Motels
    APN
    009-831-022
    APU
    9831022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,680,000
      ML approach
      $9,445,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $21,029,000
      Market price range: $12.7M - $38.4M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Paso Robles
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.698
    Latitude
    35.5884
    CBSA code
    42020
    CBSA name
    SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $131,129
    $3,121,200
    $8,376,780
    $11,497,980
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $430,000
      1.56 Acres

      2701 Spg St

      MOTEL • 1.56 Acres
      2701 Spg St, Paso Robles, CA 93446-1253
      View Details
    • Value Estimation
      $1,280,000
      61,121 SF

      2615 Buena Vis Dr

      MOTEL • 61,121 SF
      2615 Buena Vis Dr, Paso Robles, CA 93446-8562
      View Details
    • Value Estimation
      $4,350,000
      7,524 SF

      425 Spg St

      MOTEL • 7,524 SF
      425 Spg St, Paso Robles, CA 93446-3125
      View Details
    • Value Estimation
      $240,000
      6,905 SF

      939 Spg St

      MOTEL • 6,905 SF
      939 Spg St, Paso Robles, CA 93446-2513
      View Details
    • Value Estimation
      $320,000
      3,104 SF

      2218 Spg St

      MOTEL • 3,104 SF
      2218 Spg St, Paso Robles, CA 93446-1456
      View Details
    • Value Estimation by Request
      72,406 SF

      120 Vine St

      MOTEL • 72,406 SF
      120 Vine St, Paso Robles, CA 93446-3736
      View Details

    Similar Nearby for Sale

    • $4,250,000
      10.55 Acres

      Paso Robles Winery Estate

      10-Acre Vineyard & Winery, $4.25M
      2925 Anderson Rd, Paso Robles, CA 93446
      View Details
    • $4,350,000
      79.50 Acres

      Paso Robles Vineyard Estate

      80-Acre Vineyard, Three Homes
      9480 Chimney Rock Rd, Paso Robles, CA 93446
      View Details
    • $399,000
      39,204.00 Acres

      Paso Robles Development Opportunity

      0.9 acre lot with potential for five units.
      845 Creston Rd, Paso Robles, CA 93446
      View Details
    • $8,385,000
      1,667,060 SF

      Paso Robles Development Opportunity

      38.5 acre parcel near Paso Robles Airport.
      6440 Buena Vista Dr, Paso Robles, CA 93446
      View Details
    • $4,990,000

      Land For Sale

      Commercial land available for sale.
      3925 Buena Vista Dr, Paso Robles, CA 93446
      View Details
    • $18,300,000
      59,677 SF

      Paso Robles Industrial Land

      21.54 acres of industrial land for sale.
      Wisteria Ln & Engine St, Paso Robles, CA 93446
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      53,987 SF

      Paso Robles Shopping Center Space

      Retail spaces in high-traffic shopping center with major anchors.
      Niblick Rd, Paso Robles, CA 93446
      View Details
    • Contact for pricing

      Upstairs Office Space For Rent

      Approximately 500 SF upstairs office space available for rent.
      578 Spring St, Paso Robles, CA 93446
      View Details
    • Contact for pricing

      Paso Robles Warehouse Space

      Warehouse space available for lease in Paso Robles Business Park.
      3230 El Paso De Robles, Paso Robles, CA 93446
      View Details
    • Contact for pricing
      25,000 SF

      Retail Space in Paso Robles

      Retail space available in a shopping center with anchor tenants.
      2421-2445 Golden Hill Rd, Paso Robles, CA 93446
      View Details
    • Contact for pricing
      935 SF

      Retail Space in Woodland Plaza

      Retail space available in high-traffic Woodland Plaza shopping center.
      169-183 Niblick Rd, Paso Robles, CA 93446
      View Details
    • $2,250 /Mo

      Land For Rent Paso Robles

      Land available for rent in Paso Robles, California.
      1710 Commerce Way, Paso Robles, CA 93446
      View Details

    Property Visit Statistics

    • Visits by month
      4.1k
    • Visitors by month
      3.3k
    • Avg Time on site
      448 min
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    212 Alexa Ct
    Paso Robles, CA 93446-9633
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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