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Property profile & analytics
OFF-MARKET
Estimated value
$3,755,000
Motels
220 Bch St Morro Bay, CA 93442-2002
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0912548
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1960
Construction
WOOD
Total area
9,418 SF
Lot
0.37 ac (16,117 SF)
Zoning code
CVS
APN
066-035-001
UPID
US09-0912548
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
-
Windshield Repair Today of Morro Bay Auto Repair Shop
-
Blufftop Inn & Suites - Wharf/Restaurant District Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.76M
Owner & transaction history
Ram Krupa Beach Street LLC · 4 yrs held
Ram Krupa Beach Street LLC
since 2022
Last sale
$4.9M
7 recorded transactions
Zoning & alternative use
CVS · Morro Bay, 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 Morro Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morro Bay 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
$3,660,000
ML approach
$3,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,175,000
Current use
COMMERCIAL (GENERAL)
$4,925,000
Change: -5% · Conversion: Difficult
RESTAURANT
$4,735,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,305,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$3.76M
Range $3.38M – $4.13M · ±10% · vs last sale $4.90M (Apr 15 2022)
Last sale anchor
$4.90M
Apr 15 2022
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
$399 / 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
$56,333
Tax year 2024
Assessed value
$5,097,354
Assessed 2024
Previous assessed
$5,097,354
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$832,320
Assessed improvement
$4,265,034
Applied tax rate
6.0000
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
1960
Construction
WOOD
Heating
NONE
Rooms
36
Bathrooms
33
Total area
9,418 SF
Lot
0.37 ac (16,117 SF)
Zoning code
CVS
APN
066-035-001
UPID
US09-0912548
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CVS · Morro Bay, CA
Zoning CVS · permitted uses
CVS · Morro Bay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morro Bay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$5.2M
COMMERCIAL (GENERAL)
Est. value
$4.9M
RESTAURANT
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.3M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
Year built
1960
Construction
WOOD
Heating
NONE
Rooms
36
Bathrooms
33
Lot
0.37 ac
Current owner
From public records · entity-resolved
Ram Krupa Beach Street LLC
Entity
Mailing address
845 MORRO AVE, MORRO BAY, CA 93442-2135
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Feb 28, 2023
—
Ram Krupa Beach Street LLC
—
Deed
related
$2,182,000 · Southland Economic Development Corporati
Apr 15, 2022
$4,900,000
Ram Krupa Beach Street LLC
Jn Properties LLC
Grant Deed
$3,031,785 · American River Bank
Jun 27, 2017
—
Jn Props
—
Deed
related
$2,600,000 · Valley Bk/nv
Oct 29, 2015
$3,950,000
Jn Props
Nj Properties INC
Grant Deed
$2,600,000 · Valley Bk/nv
Apr 4, 2014
—
Nj Properties INC
Nathu Patel
Grant Deed
$2,159,000 · Technology Cu
Dec 6, 1996
$1,020,000
Nathu Patel
Patel,ramesh & Rasmi
Grant Deed
related
$800,000 · Heritage Oaks Bank
Apr 12, 1991
$173,000
Ramesh Patel
Anchor Inn Inves
Grant Deed
related
—
—
—
Ramesh Patel
—
Deed Of Trust
related
$65,000 · Catania Trust
—
—
Nathu N Patel
—
Deed Of Trust
related
$1,657,030 · Pacific Capital Bank NA
—
—
Nathu Patel
—
Deed Of Trust
related
$65,000 · Catania Trust
—
—
Nathu N Patel
—
Loan Modification
related
$1,190,000 · Union Bank
—
—
Jn Props
—
Deed Of Trust
related
$2,600,000 · Valley Bk/nv
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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