Property profile

2460 Main St Morro Bay, CA 93442

FOR SALE
Motels
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Property ID
US09-4934701
1,748 SF 0.11 ac Built 1957
Last sale Nov 2017·$3,725,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$8k
Tax billed · 2024
Assessed value$692k
Assessed land$190k
Assessed improvement$502k
Effective rate1.11%

Value estimate

· Nov 2026
$245k
$221k – $270k
AI approach$280k
NOI build-up
Gross scheduled income$502k
Vacancy & credit loss−$16k
Operating expenses−$194k
NOI · 4.22% cap applied$291k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$549/SF
County average, outlier-cleaned · 64 recorded sales of this use type
Observed band · Q1–Q3$274 – $829

Cap rate analysis

How does the asset earn?
4.22%
$291k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSAN LUIS OBISPO

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency16.3
Law Firm13.8
Hair Salon11.6

Location

2460 Main St Morro Bay, CA 93442
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
225 Bch, Morro Bay, CA 93442-2001 $5,900,000 Nov 2022 8,439 SF
1148 Frnt, Morro Bay, CA 93442-2050 $3,500,000 May 2022 4,064 SF
220 Bch, Morro Bay, CA 93442-2002 $4,900,000 Apr 2022 9,418 SF
280 Atascadero, Morro Bay, CA 93442 $5,500,000 Mar 2022 9,304 SF
235 Hbr, Morro Bay, CA 93442-2107 $2,240,000 Nov 2021 3,403 SF
845 Morro, Morro Bay, CA 93442-2135 $1,200,000 Mar 2020 9,160 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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