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Property profile & analytics
OFF-MARKET
Estimated value
$6,220,000
Motels
456 Embarcadero Morro Bay, CA 93442-2573
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1601719
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1986
Construction
WOOD
Total area
21,263 SF
Lot
0.43 ac (18,845 SF)
Zoning code
VSC
APN
066-132-014
UPID
US09-1601719
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
-
456 Embarcadero Inn & Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.22M
Owner & transaction history
Serenity Hospitality LLC · 2 yrs held
Serenity Hospitality LLC
since 2024
Last sale
$6.2M
7 recorded transactions
Zoning & alternative use
VSC · Morro Bay, 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 Morro Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morro Bay 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
$6,220,000
ML approach
$6,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$9,715,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$6.22M
Range $5.60M – $6.84M · ±10% · vs last sale $6.22M (Apr 4 2024)
Last sale anchor
$6.22M
Apr 4 2024
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
$293 / 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
$123,253
Tax year 2024
Assessed value
$11,152,626
Assessed 2024
Previous assessed
$11,152,626
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,788,796
Assessed improvement
$8,363,830
Applied tax rate
6.0000
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
1986
Construction
WOOD
Heating
NONE
Total area
21,263 SF
Lot
0.43 ac (18,845 SF)
Zoning code
VSC
APN
066-132-014
UPID
US09-1601719
Jurisdiction
SAN LUIS OBISPO
Zoning & alternative use
VSC · Morro Bay, CA
Zoning VSC · permitted uses
VSC · Morro Bay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morro Bay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$9.7M
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
NONE
Lot
0.43 ac
Current owner
From public records · entity-resolved
Serenity Hospitality LLC
Entity
Mailing address
1705 BRICKHILL CT, BAKERSFIELD, CA 93311-8443
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Apr 4, 2024
$6,218,500
Serenity Hospitality LLC
Splendor Bay LLC
Grant Deed
$4,280,000 · Splendor Bay LLC
Feb 28, 2018
$10,000,000
Splendor Bay LLC
Capci Family Ptshp LP
Grant Deed
$8,000,000 · Capci Family Ptshp LP
Jul 1, 2015
$5,206,500
Capci Family Partnership LP
Tipple Karen Family Trust
Grant Deed
$3,593,792 · Tipple Family Trust (pt)
Jun 11, 2014
—
Tipple,karen Family Trust
Biaggini Harold J Trust
Quit Claim Deed
related
—
Apr 17, 2008
—
Biaggini Harold J Family Trust
Biaggini,harold J
Quit Claim Deed
related
—
Sep 28, 2001
—
Harold J Biaggini
Biaggini Trust
Quit Claim Deed
related
—
Dec 27, 1996
—
Edward C Biaggini
Biaggini,jonni S
Quit Claim Deed
related
$1,660,000 · First Bank San Luis Obispo
—
—
Biaggini Harold J Trust
—
Deed Of Trust
related
$1,400,000 · Santa Barbara Bank & Trust
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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