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Property profile & analytics
FOR SALE
Motels
2460 Main St Morro Bay, CA 93442
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-4934701
For Sale
1 / 7
$6,900,000
2460 Main St, Morro Bay, CA 93442
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1957
Construction
WOOD
Total area
1,748 SF
Lot
0.11 ac (4,626 SF)
APN
068-333-026
UPID
US09-4934701
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
-
Best Western El Rancho Hotel & Motel
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
Twins Bay INC · 8 yrs held
Twins Bay INC
since 2017
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 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
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
$7,643
Tax year 2024
Assessed value
$691,618
Assessed 2024
Previous assessed
$691,618
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$189,637
Assessed improvement
$501,981
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
1957
Construction
WOOD
Heating
NONE
Total area
1,748 SF
Lot
0.11 ac (4,626 SF)
APN
068-333-026
UPID
US09-4934701
Jurisdiction
SAN LUIS OBISPO
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
Year built
1957
Construction
WOOD
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
Twins Bay INC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Jan 5, 2018
—
Twins Bay INC
—
Deed
related
$954,000 · Coastal Busn Fin
Nov 16, 2017
$3,725,000
Twins Bay INC
Salinas Hotel Corp
Grant Deed
$1,862,500 · Coasthills Cu
Sep 17, 2015
$3,000,000
Salinas Hotel Corporation
David J Norris
Grant Deed
$1,500,000 · Coasthills Cu
Jul 26, 2013
—
Norris Survivors Trust
Norris Jesse & June Trust
Quit Claim Deed
related
$1,536,000 · Heritage Oaks Bank
—
—
Salinas Hotel Corp
—
Deed Of Trust
related
$1,500,000 · Coast Hills FCU
—
—
Coastal Busn Fin
—
Deed Of Trust
related
$1,500,000 · Coast Hills FCU
—
—
Twins Bay INC
—
Deed Of Trust
related
$954,000 · Coastal Busn Fin
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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