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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Motels
414 Chapala St, Santa Barbara, CA 93101-3410
Trust Owned
Absentee Owner
Free & Clear
Property ID
US09-0770984
Property profile
Verified
Property type
Motels
Use group
MOTEL
Lot
0.35 ac (15,246 SF)
APN
037-211-027
UPID
US09-0770984
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
-
Santa Barbara Teleconnect Telecommunications Service General Contractor
-
D&D Party Limo Bus Limousine Service
-
Woody's Professional Detailing Car Wash
-
Mindful Barbell Gym & Fitness Center
-
WitMark Marketing and Branding Group, LLC Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$830k
Owner & transaction history
Steven Charles Leonard Trust
Steven Charles Leonard Trust
since 2025
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 Santa Barbara submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Barbara 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
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
—
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
$145,663
Tax year 2024
Assessed value
$12,971,044
Assessed 2024
Previous assessed
$12,971,044
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$3,763,504
Assessed improvement
$9,207,540
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
Heating
NONE
Lot
0.35 ac (15,246 SF)
APN
037-211-027
UPID
US09-0770984
Jurisdiction
SANTA BARBARA
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
Heating
NONE
Lot
0.35 ac
Current owner
From public records · entity-resolved
Steven Charles Leonard Trust
Trust
Free & Clear · 0 yrs held
Mailing address
3550 N LAKELINE BLVD STE 170STE170, LEANDER, TX 78641-3504
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Oct 23, 2025
—
Steven Charles Leonard Trust
Cynthia Olch Leonard Survivors Trus
Deed
related
—
Feb 10, 2025
—
Cynthia Olch Leonard
Cynthia Olch Leonard
Deed
related
—
Mar 4, 2019
—
Pacifica R & E Santa Barbara Fun
—
Trustees Deed
related
$8,820,000 · City Nat'l Bk
Nov 13, 2018
$892,000
Leonard,s C Separate Prop Trust
Pacifica R/e Santa Barbara Fun
Grant Deed
—
Dec 13, 2016
$3,225,000
Pacifica Real Estate Santa Bar
Peterson,john & Martha
Grant Deed
—
Oct 2, 2015
$350,000
John Peterson
Robinson,lynwood & Angela
Quit Claim Deed
related
—
Jun 2, 1999
$294,000
John Peterson
Hiete,kurt L
Grant Deed
related
—
—
—
Kurt L Hiete
—
Deed Of Trust
related
$64,318 · American Contractors Indemnity
—
—
Kurt L Hiete
—
Deed Of Trust
related
$14,000 · Hoover & Associates INC
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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