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Property profile & analytics
FOR SALE
Motels
225 Harbor St Morro Bay, CA 93442
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-0684301
For Sale
1 / 10
$5,500,000
225 Harbor St, Morro Bay, CA 93442
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1958
Construction
WOOD
Total area
9,875 SF
Lot
0.38 ac (16,553 SF)
Zoning code
VSC
APN
066-053-002
UPID
US09-0684301
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
-
Bay View Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.40M
Owner & transaction history
Integra Mb LLC · 10 yrs held
Integra Mb LLC
since 2016
7 recorded transactions
Zoning & alternative use
VSC · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,485,000
6.5%
$1,370,000
7%
$1,275,000
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±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
$142 / 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
$26,445
Tax year 2024
Assessed value
$2,392,883
Assessed 2024
Previous assessed
$2,392,883
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$922,953
Assessed improvement
$1,469,930
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
For Sale
Year built
1958
Construction
WOOD
Heating
NONE
Rooms
25
Bathrooms
24
Total area
9,875 SF
Lot
0.38 ac (16,553 SF)
Zoning code
VSC
APN
066-053-002
UPID
US09-0684301
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
VSC · Morro Bay, CA
Zoning VSC · permitted uses
VSC · 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.
Building & site characteristics
From public records
Year built
1958
Construction
WOOD
Heating
NONE
Rooms
25
Bathrooms
24
Lot
0.38 ac
Current owner
From public records · entity-resolved
Integra Mb LLC
Entity
Mailing address
225 HBR ST, MORRO BAY, CA 93442-2107
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2020
—
Integra Mb LLC
—
Deed
related
$2,076,750 · Bank Of The Sierra
Mar 31, 2016
—
Integra Mb LLC
Integra-mb LLC
Quit Claim Deed
related
$2,000,000 · Bbcn Bk
Sep 4, 2002
$608,000
Integra-mb LLC
Chee,tr
Grant Deed
related
—
Mar 2, 2000
$1,400,000
Chee Trust
Bay View LP
Grant Deed
$1,150,000 · Seller
—
—
Integra-mb LLC
—
Deed Of Trust
related
$245,000 · Heritage Oaks Bank
—
—
Integra Mb LLC
—
Deed Of Trust
related
$2,076,750 · Bank Of The Sierra
—
—
Hemant Patel
—
Deed Of Trust
related
$300,000 · Chee 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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