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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Drive through restaurants
46800 Hwy 1st 1 Big Sur, CA 93920-9693
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-4752817
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1947
Construction
WOOD
Total area
3,912 SF
Lot
2.03 ac (88,426 SF)
APN
419-201-012-000
UPID
US09-4752817
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
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$804k
Blend (final)
Blend
$690k
Owner & transaction history
The River Inn · 1 yrs held
The River Inn
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 Big Sur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Big Sur 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
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$176 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$34,371
Tax year 2023
Assessed value
$3,253,278
Assessed 2023
Previous assessed
$3,253,278
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,026,587
Assessed improvement
$2,226,691
Applied tax rate
60.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1947
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Rooms
7
Bathrooms
24
Total area
3,912 SF
Lot
2.03 ac (88,426 SF)
APN
419-201-012-000
UPID
US09-4752817
Jurisdiction
MONTEREY
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
1947
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Rooms
7
Bathrooms
24
Lot
2.03 ac
Current owner
From public records · entity-resolved
The River Inn
Individual
Mailing address
46800 HWY 1ST 1, BIG SUR, CA 93920-9693
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2025
—
The River Inn
—
Deed
related
$2,000,000 · United States Small Business Admin
Jun 26, 2024
—
The River Inn
—
Deed
related
$500,000 · Monterey County Bank
Feb 21, 2013
—
River Inn
—
Deed Of Trust
related
$3,100,000 · Monterey County Bank
Feb 20, 2003
—
River Inn
—
Deed Of Trust
related
$2,000,000 · Monterey County Bank
—
—
River Inn
—
Deed Of Trust
related
—
—
—
River Inn
—
Deed Of Trust
related
$37,500 · Monterey County (ca)
—
—
River Inn
—
Deed Of Trust
related
$100,000 · Monterey County Bank
—
—
River Inn
—
Deed Of Trust
related
$8,733 · Vanmalone George
—
—
River Inn
—
Deed Of Trust
related
$43,400 · Us Small Business Admn
—
—
River Inn
—
Deed Of Trust
related
$400,000 · Monterey County 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.
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