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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Motels
3548 Spg St Paso Robles, CA 93446-1030
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2861039
Property summary
AI-generated overview
This exceptional turn-key hospitality property, the Wine Country Inn, presents a lucrative investment opportunity. Situated on a 0.39-acre lot (16,987 sq ft) at 3548 Spring St, Paso Robles, CA 93446, in San Luis Obispo County, this established motel boasts 15 keys within its 4,838 square feet. The property comprises two single-story buildings, originally constructed in 1963 and extensively renovated in 2023. The current owner enjoys a strong net operating income (NOI) of $243,305, translating to a compelling 6.78% cap rate. The asking price is $3,590,000, representing a price per key of $239,333.33. This well-maintained inn benefits from its location in a thriving wine country area, attracting a steady stream of visitors. The property's APN is 008-041-039. This is a fee-simple ownership opportunity. Prospective buyers are advised to schedule an appointment for viewing
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1963
Construction
WOOD
Total area
4,838 SF
Lot
0.39 ac (16,897 SF)
Zoning code
T4F
APN
008-041-039
UPID
US09-2861039
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
by Request
CAP Approach
CAP
$670k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$670k
Owner & transaction history
Padmakunj LLC · 7 yrs held
Padmakunj LLC
since 2018
4 recorded transactions
Zoning & alternative use
T4F · Paso Robles, 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 Paso Robles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paso Robles 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$730,000
6.5%
$670,000
7%
$625,000
Blend value · Realmo final
$670k
Range $603k – $737k · ±10%
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
$138 / 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
$23,369
Tax year 2024
Assessed value
$2,101,987
Assessed 2024
Previous assessed
$2,101,987
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$464,798
Assessed improvement
$1,637,189
Applied tax rate
2.0000
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
1963
Construction
WOOD
Heating
NONE
Total area
4,838 SF
Lot
0.39 ac (16,897 SF)
Zoning code
T4F
APN
008-041-039
UPID
US09-2861039
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
T4F · Paso Robles, CA
Zoning T4F · permitted uses
T4F · Paso Robles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paso Robles. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1963
Construction
WOOD
Heating
NONE
Lot
0.39 ac
Current owner
From public records · entity-resolved
Padmakunj LLC
Entity
Mailing address
1135 OAKLAND RD, SAN JOSE, CA 95112-1431
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2018
$1,925,000
Padmakunj LLC
Sai Motel Investments LLC
Grant Deed
$1,500,000 · Pinnacle Bank
Dec 1, 2016
—
Sai Motel Investments LLC
—
Deed
related
$450,000 · Savings Bank Of Mendocino County
Aug 18, 2016
$650,000
Sai Motel Investments LLC
Mistry,sanjay C & Bina S
Grant Deed
$450,000 · Mahesh R Patel
—
—
Sanjay C Mistry
—
Deed Of Trust
related
$260,000 · Wilshire State Bank
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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