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    23493 Hwy 243 Idyllwild, CA 92549
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    Property profile & analytics

    23493 Hwy 243, Idyllwild, CA 92549

    View on Map
    • Hotels
    • 2,060 SF
    • 2.10 lot acres
    Off-Market
    Last Sale Apr 25, 2023
    $1,950,000
    Property ID
    US09-1101052
    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.
    Value Estimations
    $2,095,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 23493 Hwy 243

    Year built
    1955
    Construction
    WOOD
    Lot size
    2.10 lot acres
    Zone code
    R3A
    Property type
    Hotels
    APN
    559-164-001
    APU
    559164001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 25, 2023 $1,950,000 Foxy Flats LLC Hail Satan LLC Grant Deed $1.6M · Us Metro Bank
    Apr 25, 2023 — Foxy Flats LLC Rebecca Slivka Quit Claim Deed · related $195k · Hail Satan LLC
    Nov 30, 2022 — Hail Satan LLC Morgan Night Grant Deed —
    Jul 6, 2016 — Devils Night INC Jahelka,tamara Grant Deed —
    Aug 27, 2015 $435,100 Devils Night INC Jahelka,tamara Grant Deed $85k · Tamara Jahelka
    Nov 12, 2004 $500,000 Tamara Jahelka Blank,lawrence & Lydia Grant Deed $500k · Gateway Business Bank
    Sep 6, 2002 $582,500 Lawrence Blank Long,tr Grant Deed $350k · Humboldt Bank
    Oct 20, 1999 $475,000 Jerry G Long Bollmann,robert B & Michelle S Grant Deed $293k · Southwest Baptist Conference
    Sep 5, 1997 $70,000 Robert B Bollmann Roberta R Bourquin Estate Grant Deed · related $70k · Seller
    Dec 8, 1994 $167,782 Robert B Bollman Gabriel,lisa J Trustees Deed —
    Aug 31, 1994 $500 Highway 243 Partners Gabriel,lisa J Grant Deed · related —
    Nov 2, 1992 $146,000 Lisa J Gabriel Bollmann,robert Grant Deed —
    — — Tamara Jahelka — Deed Of Trust · related $308k · Countrywide Home Loans INC
    — — Tamara Jahelka — Deed Of Trust · related $33k · Countrywide Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,120,000
      ML approach
      $2,110,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,337,000
      Market price range: $470k - $2.46M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,110,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,775,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Idyllwild
    County
    Riverside
    State
    California
    Longitude
    -116.738
    Latitude
    33.7562
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, 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
    $22,330
    $382,500
    $1,606,500
    $1,989,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,741 SF

      25000 Banning-idyllwild Panoramic Hwy

      HOTEL
      25000 Banning-idyllwild Panoramic Hwy, Idyllwild, CA 92549
      View Details
    • Value Estimation
      $805,000
      720 SF

      26905 Idyllwild Rd

      HOTEL
      26905 Idyllwild Rd, Idyllwild, CA 92549
      View Details
    • Value Estimation
      $600,000
      8,372 SF

      25840 Hwy 243

      HOTEL
      25840 Hwy 243, Idyllwild, CA 92549-2530
      View Details
    • Value Estimation
      $680,000
      3,780 SF

      55350 Cir Dr

      HOTEL
      55350 Cir Dr, Idyllwild, CA 92549
      View Details
    • Value Estimation by Request
      544 SF

      52850 Pne Cv Rd

      HOTEL
      52850 Pne Cv Rd, Idyllwild, CA 92549
      View Details
    • Value Estimation
      $1,330,000
      5,632 SF

      54821 Cir Dr

      HOTEL
      54821 Cir Dr, Idyllwild, CA 92549-2579
      View Details

    Similar Nearby for Sale

    • $158,888
      40,511.00 Acres

      Idyllwild Land with Mountain Views

      Vacant lot in Pine Cove with utility connections.
      52547 Pne Cv, Idyllwild, CA 92549
      View Details
    • $149,000
      2.11 Acres

      Wooded Land in Pine Cove

      Two-acre wooded building lot near National Forest land.
      Norwood Dr, Idyllwild, CA 92549
      View Details
    • $109,000
      0.33 Acres

      Idyllwild Land with Rock Views

      0.33-acre parcel with views of Lily Rock and Suicide Rock.
      Frst Dr, Idyllwild, CA 92549
      View Details
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    Idyllwild, CA 92549
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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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