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Property profile & analytics
OFF-MARKET
Motels
250 Pacific St Morro Bay, CA 93442-2261
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2093371
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1972
Construction
WOOD
Total area
10,296 SF
Lot
0.4 ac (17,424 SF)
Zoning code
VSC
APN
066-115-001
UPID
US09-2093371
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 San Marcos Inn 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
Morro Coast Hospitality LLC · 1 yrs held
Morro Coast Hospitality LLC
since 2025
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
VSC · Morro Bay, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Visitor Serving Commercial VSC. This district is intended to provide areas for visitor-oriented services and uses located at easily accessible locations and tourist destinations. A range of visitor-serving uses are allowed, including hotels and motels, restaurants, retail, recreation, and other uses that accommodate visitor needs and activities. Residential…
Zone name
Visitor Serving Commercial
General category
COMMERCIAL
Zone area
148.15 ac
Source
code of ordinances
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
$54,397
Tax year 2024
Assessed value
$4,922,104
Assessed 2024
Previous assessed
$4,922,104
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,187,291
Assessed improvement
$2,734,813
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
Off-Market
Year built
1972
Construction
WOOD
Heating
NONE
Buildings
2
Rooms
37
Bathrooms
33
Total area
10,296 SF
Lot
0.4 ac (17,424 SF)
Zoning code
VSC
APN
066-115-001
UPID
US09-2093371
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
VSC · Morro Bay, CAZoning VSC · permitted uses
VSC · Morro Bay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Visitor Serving Commercial VSC. This district is intended to provide areas for visitor-oriented services and uses located at easily accessible locations and tourist destinations. A range of visitor-serving uses are allowed, including hotels and motels, restaurants, retail, recreation, and other uses that accommodate visitor needs and activities. Residential uses are allowed in certain areas. This district implements the visitor-serving commercial general plan/LCP land use plan land use designation.
Zone name
Visitor Serving Commercial
General category
COMMERCIAL
Zone area
148.15 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1972
Construction
WOOD
Heating
NONE
Buildings
2
Rooms
37
Bathrooms
33
Lot
0.4 ac
Current owner
From public records · entity-resolved
Morro Coast Hospitality LLC
Entity
Mailing address
347 SPRECKELS DR, APTOS, CA 95003-3923
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2025
$6,500,000
Morro Coast Hospitality LLC
Morro Rock LLC
Grant Deed
$3,150,000 · Bank Of The Sierra
Apr 8, 2025
—
Morro Coast Hospitality LLC
—
Deed
related
$2,259,000 · The Mortgage Capital Development Corp
Sep 27, 2021
—
Morro Rock LLC
—
Deed
related
$1,150,000 · Wells Fargo Bank NA
Apr 4, 2019
—
Morro Rock LLC
Allen S D & A F/tr
Quit Claim Deed
—
Nov 14, 2016
—
Bartfield Family Trust
Bartfield Family Trust
Quit Claim Deed
related
—
Jul 15, 2015
—
Louis Bartfield
Louis Bartfield
Intrafamily Transfer
related
$2,100,000 · Santa Cruz County Bank
May 15, 2015
$300,000
Bartfield Family Trust
Von Alan & Sandra Fam Trust
Grant Deed
related
—
May 8, 2015
$300,000
Bartfield Family Trust
Nowak David & Melinda
Grant Deed
—
Jan 26, 2005
—
Bartfield Family Trust
Bartfield,louis & Isabel
Quit Claim Deed
related
—
Oct 16, 2002
—
Von Sosten,tr
Bartfield,louis & Isabel
Grant Deed
related
—
Jun 18, 2001
—
Sosten Trust
Bartfield,louis & Isabel
Grant Deed
related
—
Nov 14, 1996
$1,590,500
Louis Bartfield
Heiner Trust
Grant Deed
related
$1,345,227 · Heiner Trust
Apr 26, 1989
—
Marla B Mancini
Mancini,steven J
Quit Claim Deed
related
$365,900 · Morro Bay Proper
Apr 26, 1989
$866,000
Gerald A Heiner
Morro,bay Proper
Trustees Deed
related
—
—
—
Bartfield Family Trust
—
Deed Of Trust
related
$1,850,000 · Wells Fargo Bank
—
—
Heiner Trust
—
Deed Of Trust
related
$334,440 · Heiner 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.
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