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Property profile & analytics
OFF-MARKET
Estimated value
$11,770,000
Motels
256 Frnt St Avila Beach, CA 93424-3516
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1259252
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1966
Construction
WOOD
Total area
14,860 SF
Lot
0.3 ac (13,000 SF)
Zoning code
CR
APN
076-222-017
UPID
US09-1259252
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
$8.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.32M
Blend (final)
Blend
$11.77M
Owner & transaction history
Good Nite Inn Redlands INC · 3 yrs held
Good Nite Inn Redlands INC
since 2023
Last sale
$16.3M
7 recorded transactions
Zoning & alternative use
CR · Avila Beach, 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 Avila Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avila Beach 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
$12,145,000
ML approach
$8,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$8,160,000
Current use
RESTAURANT
$7,470,000
Change: -8% · Conversion: Difficult
OFFICE BUILDING
$7,085,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$11.77M
Range $10.59M – $12.95M · ±10% · vs last sale $16.25M (Nov 22 2022)
Last sale anchor
$16.25M
Nov 22 2022
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
$792 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$184,129
Tax year 2024
Assessed value
$16,571,000
Assessed 2024
Previous assessed
$16,571,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$11,730,000
Assessed improvement
$4,841,000
Applied tax rate
112.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1966
Construction
WOOD
Heating
NONE
Total area
14,860 SF
Lot
0.3 ac (13,000 SF)
Zoning code
CR
APN
076-222-017
UPID
US09-1259252
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
CR · Avila Beach, CA
Zoning CR · permitted uses
CR · Avila Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avila Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$8.2M
RESTAURANT
Est. value
$7.5M
OFFICE BUILDING
Est. value
$7.1M
HOTEL/MOTEL Current
RESTAURANT
OFFICE BUILDING
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
1966
Construction
WOOD
Heating
NONE
Lot
0.3 ac
Current owner
From public records · entity-resolved
Good Nite Inn Redlands INC
Entity
Mailing address
11500 W OLYMPIC BLVD 345TH LOS ANGELES
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2023
—
Good Nite Inn Redlands INC
—
Deed
related
$7,000,000 · East West Bank
Feb 28, 2023
—
Good Nite Inn Redlands INC
Good Nite Inn Redlands INC
Correction Deed
related
—
Nov 22, 2022
$16,250,000
Good Nite Redlands Inn INC
Inn At Avila Beach Partners LLC
Grant Deed
—
Jun 13, 2019
—
Inn At Avila Beach Partners LLC
—
Deed
related
$7,150,000 · Pacific Premier Bank
Apr 26, 2017
—
Inn At Avila Beach Ptrs LLC
—
Deed
related
—
Jul 21, 2016
—
Inn At Avila Beach Ptrs LLC
—
Deed
related
$4,935,000 · Heritage Oaks Bk
Sep 4, 2013
—
Inn Of Avila Beach Partners LLC
Western Inns
Quit Claim Deed
related
—
—
—
Sharon Morrison
—
Deed Of Trust
related
$100,000 · Individual
—
—
Inn At Avila Beach Ptrs LLC
—
Loan Modification
related
$4,935,000 · Heritage Oaks Bk
—
—
Inn At Avila Beach Ptrs LLC
—
Loan Modification
related
—
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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