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Property profile & analytics
OFF-MARKET
Estimated value
$4,485,000
Turn key restaurants
262 Frnt St Avila Beach, CA 93424
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1232969
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1955
Construction
WOOD FRAME
Total area
720 SF
Lot
0.14 ac (6,269 SF)
Zoning code
CR
APN
076-222-018
UPID
US09-1232969
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.49M
Owner & transaction history
Good Nite Inn Redlands INC · 3 yrs held
Good Nite Inn Redlands INC
since 2022
Last sale
$5.1M
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
$3,825,000
ML approach
$3,880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.49M
Range $4.04M – $4.93M · ±10% · vs last sale $5.12M (Dec 13 2022)
Last sale anchor
$5.12M
Dec 13 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
$6,229 / 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
$58,138
Tax year 2024
Assessed value
$5,232,208
Assessed 2024
Previous assessed
$5,232,208
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$4,896,000
Assessed improvement
$336,208
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1955
Construction
WOOD FRAME
Heating
NONE
Bathrooms
1
Total area
720 SF
Lot
0.14 ac (6,269 SF)
Zoning code
CR
APN
076-222-018
UPID
US09-1232969
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.
Building & site characteristics
From public records
Year built
1955
Construction
WOOD FRAME
Heating
NONE
Bathrooms
1
Lot
0.14 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
2022
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
Nov 15, 2023
—
Good Nite Inn Redlands INC
—
Deed
related
$7,000,000 · East West Bank
Dec 13, 2022
$5,120,000
Good Nite Inn Redlands INC
Forster Gill INC
Grant Deed
—
Jun 22, 2018
—
Forster-gill INC
—
Deed
related
$250,000 · John Ruda
Jun 21, 2016
—
Forster Gill INC
—
Deed
related
$1,085,000 · Coast National Bank
Jan 30, 2013
—
Forster-gill INC
Rossi Trading Co
Grant Deed
—
Oct 18, 2002
$701,000
Rossi Trading Co
Union Oil Co Of California
Grant Deed
—
—
—
Forster-gill INC
—
Deed Of Trust
related
$500,000 · Christopher & Diana Knauer
—
—
Forster-gill INC
—
Deed Of Trust
related
$250,000 · John Ruda
—
—
Rossi Trading Co
—
Deed Of Trust
related
$500,000 · Patrick D M & D S Trust (pt)
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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