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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Hotels
245 1st St Davis, CA 95616-4645
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US09-1661073
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1987
Construction
WOOD
Total area
10,636 SF
Lot
0.34 ac (14,958 SF)
Zoning code
P-D
APN
070-067-006-000
UPID
US09-1661073
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
-
Aggie Inn, Ascend Hotel Collection Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$636k
Blend (final)
Blend
$635k
Owner & transaction history
Aggie Inn LP · 27 yrs held
Aggie Inn LP
since 1998
7 recorded transactions
Zoning & alternative use
P-D · Davis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$815,000
+82.4%
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 Davis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davis 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
$670,000
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$555,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$445,000
Current use
RETAIL STORES
$815,000
Change: +82% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$60 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$29,850
Tax year 2023
Assessed value
$2,531,833
Assessed 2023
Previous assessed
$2,531,833
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$678,072
Assessed improvement
$1,853,761
Applied tax rate
1.0000
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
Year built
1987
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
10,636 SF
Lot
0.34 ac (14,958 SF)
Zoning code
P-D
APN
070-067-006-000
UPID
US09-1661073
Jurisdiction
YOLO
Zoning & alternative use
P-D · Davis, CA
Zoning P-D · permitted uses
P-D · Davis, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Davis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$445,000
RETAIL STORES
Est. value
$815,000
HOTEL/MOTEL Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Aggie Inn LP
Entity
Mailing address
PO BOX 370, DAVIS, CA 95617-0370
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
—
Aggie Inn LP
—
Deed
related
$694,300 · United States Small Business Admin
Apr 5, 2019
—
Aggie Inn LP
—
Grant Deed
related
$2,825,000 · First Us Cmnty Cu
Jun 29, 2018
—
Aggie Inn LP
—
Deed
related
$1,000,000 · First Nthrn Bk/dixon
Nov 23, 1998
—
Aggie Inn LP
Patel,ravindra P
Grant Deed
$1,200,000 · General Electric Capital Corp
Oct 14, 1994
—
Bharat J Patel
Patel,rekha B
Quit Claim Deed
related
$500,000 · Metro Commerce Bank NA
—
—
Ravindra P Patel
—
Deed Of Trust
related
$100,000 · Metro Commerce Bank NA
—
—
Aggie Inn LP
—
Deed Of Trust
related
$500,000 · First Nthrn Bk/dixon
—
—
Aggie Inn LP
—
Deed Of Trust
related
$1,000,000 · First Nthrn Bk/dixon
—
—
Ravindra P Patel
—
Deed Of Trust
related
$300,000 · Sacramento Savings Bank
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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