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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Motels
516 Water St Santa Cruz, CA 95060-4113
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US10-2950674
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1946
Construction
WOOD
Total area
15,687 SF
Lot
0.91 ac (39,814 SF)
APN
005-252-37
UPID
US10-2950674
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
-
SureStay By Best Western Santa Cruz Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.36M
Owner & transaction history
Jay Siyaram Hotels LLC · 19 yrs held
Jay Siyaram Hotels LLC
since 2006
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 Cruz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Cruz 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
$1,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,100,000
Current use
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±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
$87 / 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
$63,503
Tax year 2024
Assessed value
$5,676,387
Assessed 2024
Previous assessed
$5,676,387
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$2,627,045
Assessed improvement
$3,049,342
Applied tax rate
1.0000
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
1946
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
50
Total area
15,687 SF
Lot
0.91 ac (39,814 SF)
APN
005-252-37
UPID
US10-2950674
Jurisdiction
SANTA CRUZ
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.1M
HOTEL/MOTEL Current
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
1946
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
50
Lot
0.91 ac
Current owner
From public records · entity-resolved
Jay Siyaram Hotels LLC
Entity
Mailing address
516 WATER ST, SANTA CRUZ, CA 95060-4113
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
—
Jay Siyaram Hotels LLC
—
Deed
related
$150,000 · Santa Cruz County Bank
Dec 8, 2006
—
Jay Siyaram Hotels LLC
Victorian Inn
Grant Deed
$2,295,000 · State Bank Of Texas
Feb 1, 1996
—
Kuk K Kim
Kim,yong D & Hak S
Quit Claim Deed
related
—
Feb 1, 1996
$1,875,000
Patel,suresh A
Kim,kuk K
Trustees Deed
$1,500,000 · Coast Commercial Bank
Aug 22, 1989
$333,500
Yong D Kim
Kim,doo J
Grant Deed
related
—
Jul 12, 1989
$450,000
Doo J Kim
Kim,yong D
Grant Deed
related
$450,000 · Sumitomo Bank
—
—
Jay Siyaram Hotels LLC
—
Deed Of Trust
related
$3,700,000 · Bbcn Bk
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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