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Property profile & analytics
OFF-MARKET
Motels
234 Haley St, Santa Barbara, CA 93101-1711
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3235787
Property profile
Verified
Property type
Motels
Use group
MOTEL
Lot
0.12 ac (5,227 SF)
APN
031-272-005
UPID
US10-3235787
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
-
APEX Smoke & Vape Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Garden Street Apartments LLC · 2 yrs held
Garden Street Apartments LLC
since 2023
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$17,508
Tax year 2024
Assessed value
$1,650,000
Assessed 2024
Previous assessed
$1,650,000
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,548,000
Assessed improvement
$102,000
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
Motels
Use group
MOTEL
Status
Off-Market
Heating
NONE
Lot
0.12 ac (5,227 SF)
APN
031-272-005
UPID
US10-3235787
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
0.12 ac
Current owner
From public records · entity-resolved
Garden Street Apartments LLC
Entity
Mailing address
4300 E CAMELBACK RD STE #450, PHOENIX, AZ 85018-2723
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2023
—
Garden Street Apartments LLC
Reginald E Drew
Intrafamily Transfer
related
—
Oct 31, 2008
—
Drew Reginald E Living Trust
Drew,reggie
Quit Claim Deed
related
—
Jan 24, 2008
—
Reggie Drew
Drew,reggie
Quit Claim Deed
related
$992,000 · Santa Barbara Bank & Trust
Jun 12, 2007
—
Reggie Drew
Drew,erica
Quit Claim Deed
related
—
May 6, 2005
—
Reggie Drew
Beightol Trust
Grant Deed
—
Dec 17, 2004
—
Reggie Drew
Drew,reginald E
Quit Claim Deed
related
$1,022,000 · Santa Barbara Bank & Trust
Nov 8, 2004
—
Beightol Trust
Drew,reginald E
Grant Deed
related
—
Mar 24, 2004
—
Reginald E Drew
Beightol,dan & Jennifer L
Grant Deed
related
—
Feb 19, 2004
$35,000
Reginald E Drew
Drew,reginald E
Grant Deed
related
—
Aug 2, 2002
$575,000
Reginald E Drew
Bianchi,john R & Marguerite E
Grant Deed
$416,250 · Montecito Bank & Trust
Apr 7, 2000
—
John R Bianchi
Andrews,john R & Renee C
Grant Deed
$266,250 · First National Bank
Aug 8, 1997
—
John R Andrews
Herman Trust
Grant Deed
$192,800 · Mid State Bank
—
—
Reggie Drew
—
Deed Of Trust
related
$300,000 · Beightol Trust
—
—
Reginald Drew
—
Deed Of Trust
related
$100,000 · Dayka 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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