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Property profile & analytics
OFF-MARKET
Estimated value
$2,330,000
Hotels
400 Main St Colusa, CA 95932-2460
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2670074
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1950
Construction
TILT-UP CONCRETE
Total area
7,429 SF
Lot
0.33 ac (14,374 SF)
APN
001-042-004-000
UPID
US09-2670074
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
$2.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.33M
Owner & transaction history
Ernie E Friesen · 2 yrs held
Ernie E Friesen
since 2023
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
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 Colusa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colusa 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
$2,540,000
ML approach
$2,380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.33M
Range $2.10M – $2.56M · ±10% · vs last sale $2.20M (Oct 24 2023)
Last sale anchor
$2.20M
Oct 24 2023
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
$314 / 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
$23,719
Tax year 2024
Assessed value
$2,216,911
Assessed 2024
Previous assessed
$2,216,911
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$170,000
Assessed improvement
$2,046,911
Applied tax rate
1.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1950
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Rooms
25
Bathrooms
8
Total area
7,429 SF
Lot
0.33 ac (14,374 SF)
APN
001-042-004-000
UPID
US09-2670074
Jurisdiction
COLUSA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1950
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Rooms
25
Bathrooms
8
Lot
0.33 ac
Current owner
From public records · entity-resolved
Ernie E Friesen
Individual
Mailing address
453 LYNDSEY LN, YUBA CITY, CA 95993-7802
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2023
$2,200,000
Ernie E Friesen
Bam Properties LLC
Grant Deed
—
Nov 14, 2022
$1,300,000
Bam Properties LLC
Letterkenny Properties LLC
Grant Deed
$1,115,000 · Conventus LLC
Aug 4, 2022
—
Letterkenny Properties LLC
Gallagher Brothers Investments LLC
Grant Deed
—
Jan 21, 2020
$965,000
Gallagher Brothers Invs LLC
Gomer Greg Trust
Grant Deed
$675,500 · River Vly Cmnty Bk
Dec 21, 2017
—
Greg Gomer
—
Deed
related
$400,000 · Suncrest Bank
May 11, 2016
—
Gomer,greg Trust
Gomer G & M Trust
Quit Claim Deed
related
—
Sep 21, 2009
—
G & M Gomer Trust
Gomer,melody K
Affidavit Of Death
related
—
Nov 23, 2005
—
Gomer G & M Trust
Donovan Jean
Grant Deed
related
—
Dec 15, 1999
—
Joel K Bridgman
Donovan,jean
Grant Deed
$25,000 · Immediate Funding
Sep 3, 1992
—
Robert E Etal Young
—
Grant Deed
related
—
Mar 26, 1987
—
—
—
Grant Deed
related
—
—
—
Gomer G & M Trust
—
Deed Of Trust
related
$87,740 · Gomer Family Trust (tr)
—
—
Gomer,g & M Trust
—
Deed Of Trust
related
$200,000 · Sutter Cmnty Bk
—
—
Gomer,greg Trust
—
Deed Of Trust
related
$400,000 · Suncrest Bk
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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