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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Hotels
222 Cabrillo Blvd Santa Barbara, CA 93101
Trust Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2040963
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Lot
0.76 ac (33,105 SF)
APN
033-092-015
UPID
US09-2040963
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
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$860k
Owner & transaction history
Schwindt,r L Trust · 11 yrs held
Schwindt,r L Trust
since 2014
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
by Request
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$187,159
Tax year 2024
Assessed value
$17,697,000
Assessed 2024
Previous assessed
$17,697,000
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$7,497,000
Assessed improvement
$10,200,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Heating
NONE
Lot
0.76 ac (33,105 SF)
APN
033-092-015
UPID
US09-2040963
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
0.76 ac
Current owner
From public records · entity-resolved
Schwindt,r L Trust
Trust
Mailing address
2349 RICKENBACKER WAY, AUBURN, CA 95602-9537
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2023
—
N Milo LLC
—
Deed
related
$38,350,000 · Wells Fargo Bank NA
Nov 8, 2017
—
Heiner Family LLC
—
Deed
related
$703,020 · American Riviera Bk
Aug 13, 2014
—
Schwindt,r L Trust
Eck,silvia A
Quit Claim Deed
related
—
May 6, 2013
—
Heiner Family LLC
—
Deed Of Trust
related
$1,364,289 · American Riviera Bank
Mar 25, 2013
—
Cabrillo Hotel LLC
—
Deed Of Trust
related
$25,250,000 · German American Capital Corp
Nov 4, 2009
—
Heiner Family LLC
Heiner Family Trust
Quit Claim Deed
—
Sep 1, 1999
—
Silvia A Eck
—
Deed Of Trust
related
$2,550,000 · Santa Barbara Bank & Trust
Aug 23, 1999
—
Silvia A Eck
Schwindt,randolph
Quit Claim Deed
related
—
Aug 31, 1994
$5,000,000
Heiner Trust
Artis Trust
Grant Deed
$2,000,000 · Santa Barbara Bank & Trust
—
—
Cabrillo Hotel Partners
—
Deed Of Trust
related
$3,000,000 · Mid-state Bank & Trust Co
—
—
Heiner Family Trust
—
Deed Of Trust
related
$1,450,000 · American Riviera Bank
—
—
Heiner Trust
—
Deed Of Trust
related
$28,800 · Us Small Business Admn
—
—
Heiner Family LLC
—
Deed Of Trust
related
$703,020 · American Riviera Bk
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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