Property profile

290 Atascadero Rd Morro Bay, CA 93442

OFF-MARKET
Motels
Saved see the list in your Dashboard
Property ID
US10-3163368
14,867 SF 0.69 ac Built 2007
Last sale Apr 2003·$430,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This exceptional 34-key hotel, the Morro Shores Inn, presents a lucrative investment opportunity in the desirable coastal city of Morro Bay, California. Situated on a 0.69-acre lot at 290 Atascadero Rd, 93442, this two-story, 14,867 square-foot property boasts a prime location within San Luis Obispo County. Built in 2007 and renovated in 2020, the hotel offers a turnkey operation with a strong pro-forma NOI of $389,871 and a 5.65% pro-forma cap rate. The asking price is $6,900,000,…

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?
$69k
Tax billed · 2024
Assessed value$4.06M
Assessed land$1.41M
Assessed improvement$2.65M
Effective rate1.71%

Value estimate

· Nov 2026
$2.21M
$1.99M – $2.43M
CAP approach$2.07M

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?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
VCS
JurisdictionSAN LUIS OBISPO

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.3
Pharmacy10.1
Daycare Center9.2

Location

290 Atascadero Rd Morro Bay, CA 93442-1517
County assessor Recorded deeds · 12 transfers Qualifying comp sales · not on file Zoning catalog

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
250 Pacific, Morro Bay, CA 93442-2261 $6,500,000 Jan 2025 10,296 SF
1206 Main, Morro Bay, CA 93442-2008 $5,400,000 Dec 2024 16,247 SF
456 Embarcadero, Morro Bay, CA 93442-2573 $6,218,500 Apr 2024 21,263 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
260 Morro Bay, Morro Bay, CA 93442-2151 $6,200,000 May 2019 19,329 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

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

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
You own 290 Atascadero Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Why this one?