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    350 Peck Rd Santa Paula, CA 93060-3030
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    Property profile & analytics

    350 Peck Rd, Santa Paula, CA 93060-3030

    View on Map
    • Motels
    • 1,308 SF
    • 1.19 lot acres
    Off-Market
    Property ID
    US10-1033845
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ocean Gateway Inn / Hotel & Motel

    Property Details for 350 Peck Rd

    Year built
    1968
    Lot size
    1.19 lot acres
    Zone code
    C2PD
    Property type
    Motels
    APN
    098-0-030-455
    APU
    980030455

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 5, 2024 — Satpanth Enterprises INC — Deed · related $2.2M · Commercial Bank Of Ca
    Feb 17, 2017 — Satpanth Ents INC — Deed · related $2.5M · Commercial Bk/ca
    Feb 15, 2017 — Satpanth Ents INC — Deed · related $2.6M · Commercial Bk/ca
    Dec 28, 2006 — Satpanth Ents INC Teng,nicolas Grant Deed $2.1M · Nara Bank
    — — Don W Lee — Deed Of Trust · related $333k · Seoul Bank California
    — — Don W Lee — Deed Of Trust · related $685k · Saehan Bank
    — — Don W Lee — Deed Of Trust · related $700k · Saehan Bank
    — — Ocean Gateway Inn LLC — Deed Of Trust · related $1.3M · Goleta National Bank
    — — Satpanth Ents INC — Loan Modification · related $2.5M · Commercial Bk/ca
    — — Satpanth Ents INC — Deed Of Trust · related $2.6M · Commercial Bk/ca
    — — Don W Lee — Deed Of Trust · related $500k · Seoul Bank California
    — — Don W Lee — Deed Of Trust · related $290k · Saehan Bank
    — — Don W Lee — Deed Of Trust · related $1.4M · Sachran Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Paula
    County
    Ventura
    State
    California
    Longitude
    -119.085
    Latitude
    34.3389
    CBSA code
    37100
    CBSA name
    OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $50,621
    $722,000
    $4,138,000
    $4,860,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $500,000
      1.23 Acres

      134 Ml St

      MOTEL
      134 Ml St, Santa Paula, CA 93060-2812
      View Details
    • Value Estimation by Request
      1.05 Acres

      1445 Main St

      MOTEL
      1445 Main St, Santa Paula, CA 93060-2927
      View Details
    • Value Estimation by Request

      SEC Highway 126 & Hallock Drive

      Hospitality/Retail site For Lease
      SEC Highway 126 & Hallock Drive Santa Paula, CA 93060, Santa Paula, CA 93060
      View Details
    • Value Estimation by Request
      0.32 Acres

      111 8th St

      HOTEL
      111 8th St, Santa Paula, CA 93060-2709
      View Details
    • Value Estimation by Request
      1.64 Acres

      853 Corporation St

      INDUSTRIAL (GENERAL)
      853 Corporation St, Santa Paula, CA 93060-3005
      View Details
    • Value Estimation by Request
      0.07 Acres

      850 Corporation St

      INDUSTRIAL - VACANT LAND
      850 Corporation St, Santa Paula, CA 93060-3006
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,890 SF

      Historic Landmark on Main Street

      1920s Spanish-influenced landmark, ideal for restoration and redevelopment.
      948 E Main St, Santa Paula, CA 93060
      View Details
    • Contact for pricing

      Santa Paula Land Parcel

      Land parcel with panoramic views of rolling hills and mountains.
      18500 Mountain Rd S, Santa Paula, CA 93060
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3 SF

      Land for Retail Development

      Land available for hotel, restaurant, and retail development.
      Sec Hwy 126 & Hallock Dr, Santa Paula, CA 93060
      View Details
    • $0.20 SF/Yr

      Santa Paula Industrial Yard Space

      Industrial yard space available for lease in Santa Paula.
      815 Mission Rock Rd, Santa Paula, CA 93060
      View Details
    • Contact for pricing
      43,000 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces for lease in Santa Paula.
      Nwq Hwy 126 @ Hallock Dr, Santa Paula, CA 93060
      View Details
    • Contact for pricing
      239,580 SF

      Industrial Zoned Land For Rent

      5.5 acres of industrial-zoned land available for rent.
      910 Mission Rock Rd, Santa Paula, CA 93060
      View Details
    • Contact for pricing
      2,500 SF

      Industrial Space with Loading Dock

      Multi-tenant building with office, loading dock, and paved yard.
      918 Mission Rock Rd, Santa Paula, CA 93060
      View Details
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    350 Peck Rd
    Santa Paula, CA 93060-3030
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    350 Peck Rd, Santa Paula, CA, 93060
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