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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Hotels
44781 Main St Mendocino, CA 95460
Individually Owned
4-yr Hold
Free & Clear
Property ID
US09-3345838
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Lot
0.26 ac (11,300 SF)
Zoning code
C
APN
119-250-31-00
UPID
US09-3345838
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
-
Alegria Oceanfront Inn & Cottages Bed & Breakfast Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.08M
Owner & transaction history
Eric Neil Hillesland · 4 yrs held
Eric Neil Hillesland
since 2022
Last sale
$976,500
7 recorded transactions
Zoning & alternative use
C · Mendocino, 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 Mendocino submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mendocino 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
$1,120,000
ML approach
$1,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±10% · vs last sale $977k (Jun 27 2022)
Last sale anchor
$977k
Jun 27 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 2023Property tax & assessments
Tax year 2023
Tax billed
$16,962
Tax year 2023
Assessed value
$1,438,376
Assessed 2023
Previous assessed
$1,438,376
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$904,100
Assessed improvement
$534,276
Applied tax rate
104.0000
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
Heating
NONE
Lot
0.26 ac (11,300 SF)
Zoning code
C
APN
119-250-31-00
UPID
US09-3345838
Jurisdiction
MENDOCINO
Zoning & alternative use
C · Mendocino, CA
Zoning C · permitted uses
C · Mendocino, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mendocino. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.26 ac
Current owner
From public records · entity-resolved
Eric Neil Hillesland
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 803, MENDOCINO, CA 95460-0803
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
Jun 27, 2022
—
Eric Neil Hillesland
Eric N Hillesland
Intrafamily Transfer
related
—
Nov 1, 2016
—
Eric N Hillesland
—
Deed
related
$1,265,000 · First Community Bank
Aug 14, 1998
$976,500
Eric N Hillesland
Blum,linda J
Grant Deed
$862,500 · Bank Of Commerce
Jan 30, 1998
—
Linda J Blum
Blum,linda J
Quit Claim Deed
related
$350,000 · Sonoma National Bank
Oct 27, 1997
—
Linda J Blum
Blum Trust
Quit Claim Deed
related
—
Feb 13, 1996
—
Blum Trust
Blum,robert N & Linda J
Quit Claim Deed
related
—
Mar 24, 1995
$860,000
Robert N Blum
Solomon Trust
Grant Deed
$700,000 · Seller
Feb 8, 1994
—
Marilyn,m Solomon Trustee
Solomon,marilyn
Quit Claim Deed
related
—
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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