Back to Search
Property profile & analytics
OFF-MARKET
Hotels
2376 Borrego Spgs Rd Borrego Springs, CA 92004-4265
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9876088
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1948
Total area
2,929 SF
Lot
1 ac (43,560 SF)
Zoning code
COMMERCIAL
APN
141-143-15-00
UPID
US09-9876088
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Charles Steidtmann · 5 yrs held
Charles Steidtmann
since 2021
Last sale
$340,000
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Borrego Springs, 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 Borrego Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Borrego Springs 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
$3,586
Tax year 2024
Assessed value
$318,361
Assessed 2024
Previous assessed
$318,361
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$84,896
Assessed improvement
$233,465
Applied tax rate
58.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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/MOTEL
Status
Off-Market
Year built
1948
Heating
NONE
Units
8
Total area
2,929 SF
Lot
1 ac (43,560 SF)
Zoning code
COMMERCIAL
APN
141-143-15-00
UPID
US09-9876088
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Borrego Springs, CAZoning COMMERCIAL · permitted uses
COMMERCIAL · Borrego Springs, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1948
Heating
NONE
Units
8
Lot
1 ac
Current owner
From public records · entity-resolved
Charles Steidtmann
Individual
Mailing address
2907 CLAREMONT AVE #10, BERKELEY, CA 94705-2450
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Apr 9, 2021
$340,000
Charles Steidtmann
Kenneth W Overmiller
Grant Deed
—
Jul 26, 2011
$100,000
Overmiller K W & Cogan B S Trust
Borrego 36 LLC
Grant Deed
—
May 22, 2009
—
Borrego 36 LLC
Borrego Investors LLC
Quit Claim Deed
—
Apr 10, 2006
—
Borrego Investors LLC
Wilson,michael J
Grant Deed
$250,000 · First Regional Bank
Feb 11, 2003
$235,000
Michael J Wilson
Jmk Properties INC
Grant Deed
$185,000 · Jmk Properties INC
Oct 30, 2002
$161,000
Jmk Properties INC
Furth,sherilin H & Paul S
Trustees Deed
—
Jul 14, 1997
—
Sherilin Hesie Furth
Heise,sherilin Ruth
Quit Claim Deed
related
—
Feb 22, 1996
—
Sherilin Ruth Heise
Heise,clarence Elmer
Quit Claim Deed
related
—
—
—
Clarence E Heise
—
Deed Of Trust
related
$10,000 · Individual
—
—
Sherilin Furth
—
Deed Of Trust
related
$92,582 · Borrego Springs Bank
—
—
Whispering Sands
—
Deed Of Trust
related
$119,282 · Borrego Springs Bank
—
—
Whispering Sands
—
Deed Of Trust
related
$20,000 · Individual
—
—
Whispering Sands
—
Deed Of Trust
related
—
—
—
Michael J Wilson
—
Deed Of Trust
related
$60,000 · Robinson 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2376 Borrego Spgs Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
