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Property profile & analytics
OFF-MARKET
Estimated value
$7,125,000
Hotels
421 Milpas St Santa Barbara, CA 93103-3645
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3499745
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Lot
0.22 ac (9,583 SF)
APN
017-313-012
UPID
US09-3499745
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
-
ACatachol Inc Chemical Plant
-
Ec Ryan International Inc Logistics Company
-
Resonant Limited Distribution Center Logistics Company
-
OffGrid Faraday Bags Industrial Manufacturer Production Facility
-
Minno Tablet Computer Hardware Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.13M
Owner & transaction history
421 S Milpas LLC · 3 yrs held
421 S Milpas LLC
since 2022
Last sale
$6.0M
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
$8,250,000
ML approach
$8,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.13M
Range $6.41M – $7.84M · ±10% · vs last sale $6.00M (Aug 19 2022)
Last sale anchor
$6.00M
Aug 19 2022
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
$65,326
Tax year 2024
Assessed value
$6,174,900
Assessed 2024
Previous assessed
$6,174,900
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$2,550,000
Assessed improvement
$3,624,900
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
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
Status
Off-Market
Heating
NONE
Lot
0.22 ac (9,583 SF)
APN
017-313-012
UPID
US09-3499745
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
0.22 ac
Current owner
From public records · entity-resolved
421 S Milpas LLC
Entity
Mailing address
301 N CANON DR STE #302, BEVERLY HILLS, CA 90210-4724
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2022
$5,995,000
421 S Milpas LLC
Riven Surcouf Barton
Grant Deed
$418,000 · Poppy Bank
Jan 6, 2017
—
Barton,riven Family Trust
Amherst Exchange Corp
Grant Deed
related
—
Aug 31, 2016
$4,450,000
Amherst Exchange Corp
Gifford,paul L
Grant Deed
—
Jul 1, 2015
—
Sandra Gifford
Gifford Sandra D
Quit Claim Deed
related
—
Oct 20, 2005
$3,200,000
Sandra D Gifford
Kazali Trust
Grant Deed
$1,432,350 · Mary P Gifford
Oct 20, 2005
—
Paul L Gifford
Gifford,ines M
Quit Claim Deed
related
—
Aug 29, 2003
—
Christina Kazali
Kazali,adi & Sanry
Quit Claim Deed
related
—
Dec 1, 1997
—
Kazali Trust
Y C H B Investment Trust
Quit Claim Deed
related
$650,000 · Wells Fargo 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.
Try Rey
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